RNS Number:5495D
BES Overseas Ld
14 May 2001

                           RATE FIX NOTICE

Issue:                          BES Overseas Ltd
                                $10,000,000 Series A Floating Rate 
                                Non-Cumulative Guaranteed Non-Voting 
                                Preference Shares
ISIN Code:                      KYG106361010

Interest Rate:                  6.02%
3 Month USD LIBOR               4.07%
Interest Period:                15th May 2001 to 16th August 2001
Days in Period:                 93
Interest Payment Date:          16th August 2001
Dividend per USD 25.00          USD 0.39
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