BW20030401002059  20030401T161229Z UTC


( BW)(AUBURN-SECS-3-PLC)(35EK) FRN Variable Rate Fix

    Business Editors
    UK REGULATORY NEWS

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

As Agent Bank, please be advised of the following rate determined on: 01-Apr-2003

Issue               : Auburn Securities 3 Plc - Class A2
                      GBP267,630,000 Mortgage Backed FRN Due 1 Nov 2039  
ISIN Number         : XS0157588210
Issue Nomin     GBP : 267,630,000.00
Period              : 01-Apr-2003 to 01-May-2003    Payment Date 01-May-2003
Number of Days      : 30
Rate                : 4.03
Denomination    GB  : 10,000.00

Amount Payable 
per Denomination    : 33.12

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

   Short Name: Auburn Securities 3
   Category Code: RC
   Sequence Number: 00003530
   Time of Receipt (offset from UTC): 20030401T170455+0100

    --30--KK/ny*

    CONTACT: Auburn Securities 3 PLC
 

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Auburn Securities 3


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