FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on:30-APR-2006
Issue               : FCE Bank PLC - Series KK Tranche 1
                      SEK 1,100,000,000 FRN due 03 Jan 2007
ISIN Number         : XS0208208370
Common Code/
144A ISIN           : 20820837
Issue Nomin     SEK : 1,100,000,000.00
Period              : 03-APR-2006 TO 03-JUL-2006      Payment Date 03-JUL-2006
Number of Days      : 91
Rate                : 3.12
Denomination    SE  : 1,000,000.00      1,100,000.00
Amount Payable 
per Denomination    : 7,886.67          8,675,333.33

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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