RNS No 5731d
ULSTER BANK FINANCE PLC
25th February 1998

TO COMPANY ANNOUNCEMENTS OFFICE

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 TODAY SET THE RATE
ON THE ABOVE ISSUE AT 2.16016 PERCENT PER ANNUM
FOR THE INTEREST PERIOD FROM 27FEB98 TO 28MAY98.

INTEREST PAYABLE VALUE 28MAY98 WILL AMOUNT TO
YEN 540,040 PER YEN 100,000,000 NOTE.

PAUL YARDE
GLOBAL TRUST AND AGENCY SERVICES
0171 325 8818
MORGAN GUARANTY TRUST CO LONDON

END

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