FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on: 11-Dec-2003

Issue               : FCE Bank PLC - Series 144
                      USD 60,000,000 (MTN) Due 13th Dec 2004
ISIN Number         : XS0105502461
Issue Nomin     USD : 60,000,000,000.00
Period              : 15-Dec-2003 to 15-Mar-2004     Payment Date  15-Mar-2004
Number of Days      : 91
Rate                : 1.37
Denomination    USD : 60,000,000.00  

Amount Payable 
per Denomination    : 207,783.33     

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