51JJ Arkle 2060 A

RNS Number:8838V
BES Overseas Ld
14 May 2002


DATE:  13TH MAY 2002

RATE FIX NOTICE:

Issue:                   BES Overseas Ltd
                         $10,000,000 Series A Floating Rate Non-Cumulative 
                         Guaranteed Non-Voting Preference Shares
ISIN Code:               KYG106361010

Interest Rate:           3.85%
3 Month USD LIBOR        1.90%
Interest Period:         15th May 2002 to 15th August 2002
Day Count Fraction:      Actual/360
Days in Period:          92
Interest Payment Date:   15th August 2002
Dividend per USD 25.00   USD 0.25


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