RNS No 3445c
ULSTER BANK FINANCE PLC
29th January 1998

ULSTER BANK FINANCE PLC
USD 750,000,000PROGRAMME FOR THE ISSUANCE
INSTRUMENTS
YEN 500,000,000 SERIES 40 DUE NOVEMBER 2007
XS0082162230

PLEASE BE ADVISED THAT WE HAVE SET THE RATE
ON THE ABOVE ISSUE AT 2.3125 PERCENT PER ANNUM
FOR THE INTEREST PERIOD FROM 01DEC97 TO 27FEB98.
INTEREST PAYABLE VALUE 27FEB98 WILL AMOUNT TO
YEN 565,278 PER YEN 100,000,000 NOTE.

REGARDS
PAUL YARDE
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818

END

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