BCL International Finance Limited

RE: BCL INTERNATIONAL FINANCE LIMITED
    EUR 75,000,000.00
    MATURING: 15-Mar-2005
    ISSUE DATE: 15-Mar-2002
    ISIN: XS0144906558

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Dec-2003 TO 15-Mar-2004 HAS BEEN FIXED AT 2.180000 PCT.

INTEREST PAYABLE VALUE 15-Mar-2004 WILL AMOUNT TO
EUR 551.06 PER EUR 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.