ALLIANCE & LEICESTER GROUP TREASURY PLC

RE: ALLIANCE AND LEICESTER GROUP TREASURY PLC
    EUR 150,000,000.00
    MATURING: 10-May-2005
    ISSUE DATE: 10-Feb-2003
    ISIN: XS0162580244

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
10-May-2004 TO 10-Aug-2004 HAS BEEN FIXED AT 2.124000 PCT.

DAY BASIS 92/360

INTEREST PAYABLE VALUE 10-Aug-2004 WILL AMOUNT TO:
EUR 5.43 PER EUR 1,000.00 DENOMINATION.
EUR 54.28 PER EUR 10,000.00 DENOMINATION.
EUR 542.80 PER EUR 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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