BW20030827002078  20030828T060601Z UTC


( BW)(EQUITY-RELEASE(NO.1))(04PZ) FRN Variable Rate Fix - Amendment

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--Aug. 28, 2003--

RE: EQUITY RELEASE FUNDING (No.1) PLC
    GBP 35,000,000.00 
    MATURING: 26-Feb-2026
    ISSUE DATE: 30-Mar-2001
    ISIN: XS0121197809

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26-Aug-2003 TO 26-Nov-2003 HAS BEEN FIXED AT 4.072500 PCT.

INTEREST PAYABLE VALUE 26-Nov-2003 WILL AMOUNT TO:
GBP 7.21 PER GBP 710.49 DENOMINATION.
GBP 72.13 PER GBP 7,104.90 DENOMINATION.
GBP 721.25 PER GBP 71,049.00 DENOMINATION.
----------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

   Short Name: Equity Release(No.1)
   Category Code: RC
   Sequence Number: 00008935
   Time of Receipt (offset from UTC): 20030827T204301+0100

    --30--DB/ny

    CONTACT: Equity Release Funding (No.1) PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Equity Release(No.1)

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