AS13 Eqty Rel2'a1'27

    Equity Release Funding (No.2) Plc

RE: EQUITY RELEASE FUNDING (NO.2) PLC
    GBP 45,000,000.00
    MATURING: 26/May/2027
    ISSUE DATE: 11/Jun/2002
    ISIN: XS01477705775

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26/May/2006 TO 29/Aug/2006 HAS BEEN FIXED AT 5.141880 PCT

DAY BASIS 95/365

INTEREST PAYABLE VALUE 29/Aug/2006 WILL AMOUNT TO:
GBP 9.39 PER GBP 701.70 DENOMINATION
GBP 93.91 PER GBP 7,017.00 DENOMINATION
GBP 939.08 PER GBP 70,170.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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