RNS Number:1192G
Holmes Financing (No.3) PLC
13 January 2003

As Agent Bank, please be advised of the following rate determined on: 
13-JAN-2003.

Issue             :  HOLMES FINANCING (NO. 3) PLC - SERIES 2 CLASS B
                     USD32,500,000 FRN DUE JUL 2040
ISIN Number       :  US43638PAE43
Issue Nominal USD :  32,500,000.00
Period            :  15-JAN-2003  To  15-APR-2003    Payment Date  15-APR-2003 
Number of Days    :  90
Rate              :  1.77563
Denomination US   :  10,000.00           100,000.00
Amount Payable
Per Denomination  :  44.39               443.91

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

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

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