Equity Release Funding 4

RE: EQUITY RELEASE FUNDING NO.4 PLC
    GBP 215,000,000.00
    MATURING: 30-Jul-2039
    ISSUE DATE: 30-Jul-2004
    ISIN: XS0197423345

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
31-Jul-2006 TO 30-Oct-2006 HAS BEEN FIXED AT 5.126880 PCT

DAY BASIS 91/365

INTEREST PAYABLE VALUE 30-Oct-2006 WILL AMOUNT TO:
GBP 63.91 PER GBP 5,000.00 DENOMINATIONG
BP 127.82 PER GBP 10,000.00 DENOMINATION
GBP 1,278.21 PER GBP 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881
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