RNS Number:0718B
E.L.A.N. Ld
21 July 2004

E.L.A.N LIMITED



21 July 2004



RE: RATE FIX NOTIFICATION



AS AGENT BANK, PLEASE BE ADVISED OF THE FOLLOWING RATE DETERMINED ON: 26 May
2004



ISSUE: E.L.A.N Limited -Series 2004-5

USD 30,000,000 Secured Credit Linked FRN due 28 May 2014

ISIN: XS0193339818

PERIOD: 28-May-2004 TO 29-Nov-2004

ISSUE NOMINAL US: 30,000,000.00

NUMBER OF DAYS: 185

RATE: 2.40813

PAYMENT DATE: 29-Nov-2004

DENOMINATION US: 100,000.00

AMOUNT PAYABLE PER DENOMINATION: 1,237.51

POOL FACTOR:









Institutional

Trust Services

Telephone: 44 (0) 1202 34 1286

Fax: 44 (0) 1202 34 7438







This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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

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