ALLIANCE & LEICESTER GROUP TREASURY PLC

RE: ALLIANCE & LEICESTER GROUP TREASURY PLC
    GBP 11,700,000.00
    MATURING: 12-Jly-2004
    ISSUE DATE: 12-Jly-2001
    ISIN:XS0132619031

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 12-Jan-2004 TO
13-Apr-2004 HAS BEEN FIXED AT 4.062500 PCT.

INTEREST PAYABLE VALUE 13-Apr-2004 WILL AMOUNT 
TO GBP 1,021.17 PER GBP 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.