BW20030603000129  20030603T134600Z UTC


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

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--June 3, 2003--

As Agent Bank, please be advised of the following rate determined on: 03-Jun-2003

Issue               : Auburn Securities 3 PLC - Class A1
                      GBP106,170,000 Mortgage Backed FRN due 1 Nov 2039
ISIN Number         : XS0157588053
Issue Nomin     GBP : 106,170,000.00
Period              : 03-Jun-2003 to 01-Jul-2003   Payment Date 01-Jul-2003
Number of Days      : 28
Rate                : 3.84078               Pool Factor:  0.6168
Denomination    GB  : 6,168.00

Amount Payable 
per Denomination    : 18.17

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

   Short Name: Auburn Secs 3 PLC
   Category Code: RC
   Sequence Number: 00005406
   Time of Receipt (offset from UTC): 20030603T142109+0100

    --30--ra/uk*

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

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