RNS Number:7631G
Arran One Limited
22 December 2004

RE: ARRAN ONE LIMITED

CLASS A US$875,000,000 SERIES 00-B CLASS A ASSET BACKED FRNS 
CLASS B US$ 60,000,000 SERIES 00-B CLASS B ASSET BACKED FRNS 
CLASS C US$ 65,000,000 SERIES 00-B CLASS C ASSET BACKED FRNS

The interest rate for the period:

16-Dec-04 to 15-Mar-05 

in respect of the above Class A, Class B and Class C Notes are outlined below:-


Note         Principal       Rate   Start Date    End Date   Days      Interest

CLASS A   $875,000,000   2.68000%    15-Dec-04   15-Mar-05    90   $5,862,500.00 
CLASS B    $60,000,000   2.88000%    15-Dec-04   15-Mar-05    90     $432,000.00 
CLASS C    $65,000,000   3.39000%    15-Dec-04   15-Mar-05    90     $550,875.00

USD-LIBOR has been determined at 2.490000% 
The payment is scheduled for the 15-Mar-05 


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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