FCE Bank PLC
As Agent Bank, please be advised of the following rate determined on: 25-Sep-2003

Issue               : FCE Bank Plc - Series 139
                      EUR 75,000,000 (MTN)FRN due 29 Sep 2004
ISIN Number         : XS0101969573
Issue Nomin     EUR : 75,000,000.00
Period              : 29-Sep-2003 to 29-Dec-2003          Payment Date 29-Dec-2003
Number of Days      : 91
Rate                : 2.308
Denomination    EU  : 75,000,000.00

Amount Payable 
per Denomination    : 437,558.33

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