BN22 Citi Fun 24

Melrose Financing No1 PLC

RE: MELROSE FINANCING NO1 PLC
    USD 16,200,000.00
    MATURING: 15-Feb-2006
    ISSUE DATE: 27-Feb-2001
    ISIN: XS0125283886

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
17-Feb-2004  TO 17-May-2004 HAS BEENFIXED AT 1.971880 PCT.

INTEREST PAYABLE VALUE 17-May-2004 WILL AMOUNT TO
USD 49.30 PER USD 10,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.

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