FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on: 14-Nov-2003

Issue               : FCE Bank plc-Series BA
                      EUR 300,000,000 FRN due 18 Feb 2005
ISIN Number         : XS0163214199
Issue Nomin     EUR : 300,000,000.00
Period              : 18-Nov-2003 to 18-Feb-2004        Payment Date 18-Feb-2004
Number of Days      : 92
Rate                : 4.286
Denomination    EU  : 1,000.00    10,000.00    100,000.00

Amount Payable 
per Denomination    : 10.95       109.53       1,095.31 

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438