RNS Number:4307C
Holmes Financing (No.5) PLC
14 October 2002


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

Issue             :  Holmes Financing (No.5) Plc - Series 1 Class C
                     USD 52,000,000 FRN due July 2040
ISIN Number       :  US43638RAC43
Issue Nominal USD :  52,000,000.00
Period            :  15-Oct-2002  To  15-Jan-2003    Payment Date  15-Jan-2003
Number of Days    :  92
Rate              :  3.125
Denomination US   :  100,000.00      10,000.00
Amount Payable
Per Denomination  :  798.61          79.86

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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