BM87 Citi Fun 25

    BANCAJA INTERNATIONAL FINANCE

RE: BANCAJA INTERNATIONAL FINANCE
    EUR 15,000,000.00
    MATURING: 15-Mar-2005
    ISSUE DATE: 15-Mar-2002
    ISIN: XS0144906129

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Dec-2004 TO 15-Mar-2005 HAS BEEN FIXED AT 2.304000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 15-Mar-2005 WILL AMOUNT TO
EUR 576.00 PER EUR 10,000.00 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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