RNS No 3998k
ULSTER BANK FINANCE PLC
23rd September 1998


RE   ULSTER BANK FINANCE
     YEN 500,000,000 SERIES 34 EMTN
     DUE 25 SEPTEMBER 2002
     ISIN: XS0080057705
--------------------------------------------------------
THIS IS TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST
FOR THE PERIOD 25SEP98 TO 25MAR99 HAS
BEEN FIXED AT 0.45313 PCT PER ANNUM.

WE HAVE DETERMINED THE AMOUNT PAYABLE VALUE 25MAR99 TO BE
YEN 1,522,176 PER YEN 100,000,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 508 3855/3857 OR FAX: 44 171 508 3881.

RATE FIX DESK
CITIBANK N.A., LONDON


END

RC LJMPBLLJTBJP
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