FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on: 04-Dec-2003

Issue               : FCE Bank PLC - Series AR
                      CZK 1,000,000,000 FRN/MTN Due 7 Sep 2006
ISIN Number         : XS0134333052
Issue Nomin     CZK : 1,000,000,000.00
Period              : 08-Dec-2003 to 08-Mar-2004     Payment Date  08-Mar-2004
Number of Days      : 91
Rate                : 2.38
Denomination    CZK : 25,000.00  

Amount Payable 
per Denomination    : 150.40      

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