BANCAJA INTERNATIONAL FINANCE

RE: BANCAJA INTERNATIONAL FINANCE
    USD 500,000,000.00
    MATURING: 24/Jan/2006
    ISSUE DATE: 24/Jan/2001
    ISIN: XS0123133224

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
25/Jul/2005 TO 24/Oct/2005 HAS BEEN FIXED AT 3.800000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 24/Oct/2005 WILL AMOUNT TO
USD 96.06 PER USD 10,000.00 DENOMINATION.
USD 960.56 PER USD 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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