RNS Number:9271K
Itochu Finance(Europe)PLC
9 May 2003


                       Fixed and Floating Rate Note

XS0076109809        JPY 1,000,000,000.00         13 May 2004         Series 170

Please be advised that we have fixed the rate of interest for the above 
mentioned issue as detailed below:
 
     1) Coupon Number:       13
     2) Interest Rate:       0.0000000 %
     3) Interest Period:     13 May 2003 to 13 Nov 2003
     4) Days:                184 Days
     5) Interest Amount:     JPY 0.000000
                             per JPY 100'000'000/B
     6) Total interest:      JPY 0.000000
 

Securities Agency Department 


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