RNS No 0711e
ULSTER BANK FINANCE PLC
23rd December 1997


ULSTER BANK FINANCE PLC
USD 750,000,000PROGRAMME FOR THE ISSUANCE
INSTRUMENTS
YEN 1,000,000,000 SERIES 10 DUE 27 DECEMBER 2001
XS0072296584

PLEASE BE ADVISED THAT WE HAVE TODAY SET THE RATE
ON THE ABOVE ISSUE AT 1.76953 PERCENT PER ANNUM
FOR THE INTEREST PERIOD FROM 27DEC97 TO 29JUN98.
INTEREST PAYABLE VALUE 29JUN98 WILL AMOUNT TO
YEN 904,426 PER YEN 100,000,000 NOTE.

REGARDS

PAUL YARDE
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818


END

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