32GD Eqty Rel.c Nts

    Equity Release Funding No5 Plc

RE: Equity Release Funding No5 Plc
    GBP 23,000,000.00
    MATURING: 14/Jul/2050
    ISSUE DATE: 11/Aug/2005 
    ISIN: XS0225884278

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14/Jul/2006 TO 16/Oct/2006 HAS BEEN FIXED AT 5.595630 PCT. 

DAY BASIS 94/365

INTEREST PAYABLE VALUE 16/Oct/2006 WILL AMOUNT TO 
GBP 331,445.26 PER GBP 23,000,000.00 NOMINAL.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.

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