FRN Variable Rate Fix

RNS Number:4373A
Residential Property Secs No.5 PLC
27 August 2002



RE:   RESIDENTIAL PROPERTY SECURITIES 
      GBP 178,750,000 NO5 CLASS A2 BOND
      DUE 24 SEPTEMBER 2023
      ISIN: XS0080291486

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE PERIOD
27AUG02 TO 25NOV02 HAS BEEN FIXED AT 4.155 PCT PER ANNUM.

THE COUPON AMOUNT DUE 25NOV02 WILL AMOUNT TO:
GBP 189.26 PER GBP 18,473.00 DENOMINATION.



RE:   RESIDENTIAL PROPERTY SECURITIES
      GBP 17,600,000 NO5 CLASS B1 BOND
      DUE 24 SEPTEMBER 2023
      ISIN: XS0080292377
     
THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE PERIOD
27AUG02 TO 25NOV02 HAS BEEN FIXED AT 4.365 PCT PER ANNUM.

THE COUPON AMOUNT DUE 25NOV02 WILL AMOUNT TO:
GBP 538.15 PER GBP 50,000,00 DENOMINATION.



RE:   RESIDENTIAL PROPERTY SECURITIES
      GBP 3,650,000 NO5 CLASS B2 BOND
      DUE 24 SEPTEMBER 2023
      ISIN: XS0080292963

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 27AUG02 TO 25NOV02 HAS BEEN FIXED AT 4.765 PCT PER ANNUM.

THE COUPON AMOUNT DUE 25NOV02 WILL AMOUNT TO:
GBP 587.47 PER GBP 50,000.00 DENOMINATION.


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: [phone]/3855 OR FAX: [phone]

RATEFIX DESK
CITIBANK N.A., LONDON


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