Rothschilds Continuation Finance PLC

As Agent Bank, please be advised of the following rate determined on: 03-Aug-2004

Issue               : Rothschilds Continuation Finance PLC 
                      EUR 125,000,000 Subordinated Index FRN Due Perpetual
ISIN Number         : XS0197703118
Common Code /       : 19770311
144A ISIN
Issue Nomin     EUR : 125,000,000.00
Period              : 05-Aug-2004 to 05-Nov-2004      Payment Date   05-Nov-2004
Number of Days      : 92
Rate                : 4.6
Denomination    EU  : 1,000.00

Amount Payable 
per Denomination    : 11.76

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

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