RNS No 2968r
ULSTER BANK FINANCE PLC


FROM 25.9.97

34) JPY 500,000,000 CALLABLE REVERSE FIXED & FLOATING RATE NOTES DUE 25.9.02

FULLY PAID

(REPRESENTED BY NOTES TO BEARER OF JPY 100,000,000 EACH)

ISSUE PRICE 100.25%

ISSUER J P MORGAN

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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