BN22 Citi Fun 24

    MELROSE FINANCING NO1

RE: MELROSE FINANCING NO1 PLC
    USD 8,000,000.00
    MATURING: 15-Feb-2006
    ISSUE DATE: 27-Feb-2001
    ISIN: XS0125288687

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
17-May-2004 TO 16-Aug-2004 HAS BEEN FIXED AT 6.250000 PCT

INTEREST PAYABLE VALUE 16-Aug-2004 WILL AMOUNT TO:
USD 157.99 PER USD 10,000.00 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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