RNS Number:9578S
Holmes Financing (No.5) PLC
14 March 2002



As Agent Bank, please be advised of the following rate determined on: 
13-MAR-2002.

Issue             :  HOLMES FINANCING (NO.5) PLC - SERIES 1 CLASS A
                     USD1,000,000,000 FRN DUE OCT 2002
                     
ISIN NO           :  US43638RAA86
Issue Nominal USD :  1,000,000,000.00
Period            :  15-MAR-2002  To  15-APR-2002    Payment Date  15-APR-2002 
Number of Days    :  31
Rate              :  1.91
Denomination US   :  100,000.00      10,000.00
Amount Payable
Per Denomination  :  164.47          16.45


Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438





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