Equity Release Funding (No.1) PLC

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
28/Nov/2005 TO 27/Feb/2006 HAS BEEN FIXED AT 5.065630 PCT.

DAY BASIS 91/365

INTEREST PAYABLE VALUE 27/Feb/2006 WILL AMOUNT TO
GBP 1.32 PER GBP 104.59 DENOMINATION.
GBP 13.21 PER GBP 1,045.90 DENOMINATION.
GBP 132.09 PER GBP 10,459.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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