10NX Bank Nova 31

RNS Number:5597F
Cheyne CBO 1 Ld
20 June 2001

Doc Re Proposed redemption of Notes

US$9,000,000 Senior Secured Fixed Rate Notes due 2005 (ISIN: XS0098335879).
US$113,500,000 Senior Secured Floating Rate Notes due 2005 (ISIN:
XS0098335440).
US$53,200,000 Subordinated Notes due 2005 (ISIN: XS0098335952).

A copy of the above document has been submitted to the UK Listing Authority
and will shortly be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Tel. no. (0)20 7676 1000

(Documents will normally be available for inspection within six normal
business hours of this notice being given).

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