Abbey National PLC

RE: ABBEY NATIONAL PLC
    USD 50,000,000.00
    MATURING: 03-May-2012
    ISSUE DATE: 02-May-2002
    ISIN: XS0146845572

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 
03-Nov-2003 to 03-Feb-2004 HAS BEEN FIXED AT 1.422500 PCT.

INTEREST PAYABLE VALUE 03-Feb-2004 WILL AMOUNT TO 
USD 363.53 PER USD 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.