BW20030307000080  20030307T175313Z UTC


( BW)(SOUTHERN-PACIFIC-D)(AR87) FRN Variable Rate Fix - REPLACEMENT

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--March 7, 2003--

The following amendment should be made to the (BW)(SOUTHERN-PACIFIC-D)
(AR87) FRN Variable Rate Fix announcement released today at 15:54 BST
under BW20030307000048. The issuer and company short name associated
with this release should have been Southn Pacifc Secs E and not
Southern Pacific D. All other details remain unchanged.

The full corrected version is shown below.

( BW)(SOUTHN-PACIFC-SECS-E) FRN Variable Rate Fix  

As Agent Bank, please be advised of the following rate determined on: 06-Mar-2003      

Issue               : Southern Pacific Securities E plc - Class B2
                      EUR15,950,000 FRN due 1 September 2040

ISIN Number         : XS0155901225
Issue Nomin     EUR : 15,950,000.00
Period              : 10-Mar-2003 to 10-Jun-2003          Payment Date 10-Jun-2003
Number of Days      : 92
Rate                : 4.711
Denomination    EU  : 10,000.00

Amount Payable 
per Denomination    : 120.39

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438

   Short Name: Southn Pacifc Secs E
   Category Code: RC
   Sequence Number: 00002610
   Time of Receipt (offset from UTC): 20030307T174909+0000

    --30--mh/uk*

    CONTACT: Southern Pacific Securities E plc 

    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Southn Pacifc Secs E

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