Westland/Utrecht Hypotheekbank N.V.
   
RE: WESTLAND/UTRECHT HYPOTHEEKBANK N.V
    EUR 20,000,000.00
    MATURING: 17/Jan/2011
    ISSUE DATE: 17/Jan/2001
    ISIN: XS0123043159

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
18/Apr/2005 TO 18/Jul/2005 HAS BEEN FIXED AT 2.347000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 18/Jul/2005 WILL AMOUNT TO
EUR 5,932.69 PER EUR 1,000,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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