FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on: 20-Nov-2003

Issue               : FCE Bank plc - Series 142
                      EUR 17,000,000 FRN (MTN) due 22/11/04 
ISIN Number         : XS0104688923
Issue Nomin     EUR : 17,000,000.00
Period              : 24-Nov-2003 to 23-Feb-2004      Payment Date 23-Feb-2004
Number of Days      : 91
Rate                : 2.351
Denomination    EU  : 17,000.00

Amount Payable 
per Denomination    : 101,027.69

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