ALLIANCE & LEICESTER GROUP TREASURY PLC

RE: ALLIANCE AND LEICESTER GROUP TREASURY PLC
    GBP 11,700,000.00
    MATURING: 12-Jly-2004
    ISSUE DATE: 12-Jly-2001
    ISIN: XS0132619031

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
13-Apr-2004 TO 12-Jly-2004 HAS BEEN FIXED AT 4.416880 PCT.

INTEREST PAYABLE VALUE 12-Jly-2004 WILL AMOUNT TO:
GBP 1,086.12 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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