FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on:12-Nov-2003

Issue               : FCE Bank plc - Series AY
                      CZK 400,000,000 FRN due 14 Nov 2005
ISIN Number         : XS0157647917
Issue Nomin     CZK : 400,000,000.00
Period              : 14-Nov-2003 to 14-May-2004        Payment Date 14-May-2004
Number of Days      : 182
Rate                : 3.92
Denomination    CZK : 100,000.00

Amount Payable 
per Denomination    : 1,981.78

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