BW20030701002076  20030701T163905Z UTC


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

    Business Editors
    UK REGULATORY NEWS

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

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

Issue               : Auburn Securities 3 Plc - Class M
                      GBP26,200,000 Mortgage Backed FRN due 1 Nov 2039
ISIN Number         : XS0157588723
Issue Nomin     GBP : 26,200,000.00
Period              : 01-Jul-2003 to 01-Aug-2003          Payment Date 01-Aug-2003
Number of Days      : 31
Rate                : 4.93219
Denomination    GB  : 10,000.00

Amount Payable 
per Denomination    : 41.89

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: 00006558
   Time of Receipt (offset from UTC): 20030701T173632+0100

    --30--KO/uk*

    CONTACT: Auburn Securities 3 PLC

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

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