RNS Number:2328X
Holmes Financing (No.5) PLC
13 June 2002



As Agent Bank, please be advised of the following rate determined on: 
13-JUN-2002.

Issue             :  HOLMES FINANCING (No.5) PLC - SERIES 1 CLASS A
                     USD1,000,000,000 FRN DUE OCT 2002
ISIN Number       :  US43638RAA86
Issue Nominal USD :  1,000,000,000.00
Period            :  17-JUN-2002  To  15-JUL-2002    Payment Date  15-JUL-2002 
Number of Days    :  28
Rate              :  1.85
Denomination USD  :  100,000.00     10,000.00
Amount Payable
Per Denomination  :  143.89         14.39

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

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