BW20030801000004  20030801T101337Z UTC


( BW)(LEEK-FIN.NO.1-PLC)(BN37) Early Redemption

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--August 1, 2003--

                     To the Noteholders of:
                     LEEK FINANCE NUMBER ONE PLC
                200 Aldersgate Street, London EC1A 4JJ
                             (the "Issuer")

�262,900,000
Class A1 Mortgage Backed Floating Rate Notes due 2037
ISIN: XS0072000648; Common Code: 7200064
(the "Class A1 Notes")

�428,600,000
Class A2 Mortgage Backed Floating Rate Notes due 2037
ISIN: XS0072001299; Common Code:7200129
(the "Class A2 Notes")

�74,800,000
Class M Mortgage Backed Floating Rate Notes due 2037
ISIN: XS0072001372; Common Code:7200137
(the "Class M Notes")

�28,300,000
Class B Mortgage Backed Floating Rate Notes due 2037
ISIN:XSO072001539; Common Code:7200153
(the "Class B Notes" and together with the Class A1 Notes,
the Class A2 Notes and the Class M Notes, the "Notes")

Notice is hereby given that Leek Finance Number One plc wil redeem all
outstanding Notes on September 19, 2003, pursuant to condition 5(d) of
the Notes.

Leek Finance Number One plc has requested the London Stock Exchange
to delist the Notes upon their redemption. Such delisting will be
effective on September 20, 2003.

   Short Name: Leek Fin.No.1 PLC
   Category Code: MSC
   Sequence Number: 00007878
   Time of Receipt (offset from UTC): 20030801T110008+0100

    --30--ZW/uk*

    CONTACT: LEEK Finance No.1 Plc

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE:  Leek Fin.No.1 PLC


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