First Flexible No3 plc

RE: FIRST FLEXIBLE NO3 PLC
GBP 40,000,000.00
MATURING: 01-Jun-2034
ISSUE DATE: 25-Oct-2000
ISIN: XS0119369386

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
02-May-2006 TO 01-Jun-2006 HAS BEEN FIXED AT 5.481880 PCT

DAY BASIS 30/365

INTEREST PAYABLE VALUE 01-Jun-2006 WILL AMOUNT TO:
GBP 450.57 PER GBP 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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