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: XS0147705775

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
29-Aug-2006 TO 27-Nov-2006 HAS BEEN FIXED AT 5.410630 PCT

DAY BASIS 90/365

INTEREST PAYABLE VALUE 27-Nov-2006 WILL AMOUNT TO:
GBP 8.73 PER GBP 654.30 DENOMINATION
GBP 87.29 PER GBP 6,543.00 DENOMINATION.
GBP 872.92 PER GBP 65,430.00 DENOMINATION.

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