81YJ Investec Bnk 26

    GULF INTERNATIONAL BANK B.S.C.

Gulf International Bank B.S.C.,
USD 400,000,000.00
MATURING: 30/ Sep/ 2015
ISSUE DATE: 29/Sep/2005
ISIN: XS0230799925

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 30/Jun/2006 TO
29/Sep/2006 HAS BEEN FIXED AT 6.198750 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 29/Sep/2006 WILL AMOUNT TO USD 1,566.91 PER USD
100,000.00 DENOMINATION.

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