AS13 Eqty Rel2'a1'27

RNS Number:3094E
Equity Release Funding (No. 2) plc
26 November 2002


RE:   EQUITY RELEASE FUNDING NO 2 PLC
      GBP 45,000,000 CLASS A1 MORTGAGE BACKED FLOATING RATE NOTES 
      DUE: MAY 2027 
      ISIN: XS0147705775

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
26NOV02 TO 26FEB03 HAS BEEN FIXED AT 4.43625 PCT PER ANNUM.

INTEREST PAYABLE VALUE 26FEB03 WILL AMOUNT TO:
GBP 11.18     PER GBP 1,000 DENOMINATION 
GBP 111.82    PER GBP 10,000 DENOMINATION
GBP 1,118.18  PER GBP 100,000 DENOMINATION


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL: 44 207 508 3857/3855 OR FAX 44 207 508 3881.


RATEFIX DESK
CITIBANK N.A., LONDON

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
RC UNANRUURAUAA

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