RNS No 7360f
ACRES (NO 2) PLC
30th June 1997

RE. ACRES(NO 2) PLC GBP 98450000 CLASS A
COMMERCIAL BACKED FRN DUE 2007
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WE HEREBY INFORM YOU THAT FOR THE INTEREST PERIOD
30/6/97  TO  29/9/97
THE NOTES WILL BEAR INTEREST AT A RATE OF 7.05234
PER CENT PER ANNUM WITH A COUPON AMOUNT OF 155.34
PER GBP 10000 NOTE PAYABLE ON 29/9/97.

BANKERS TRUST COMPANY LONDON
AGENT BANK
CORPORATE TRUST SERVICES
BANKERS TRUST COMPANY LONDON

END