BCL International Finance Limited

RE:     BCL INTERNATIONAL FINANCE LIMITED
        EUR 62,000,000.00
        MATURING: 26-Mar-2004
        ISSUE DATE: 26-Mar-2003
        ISIN: XS0165729855

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
26-Sep-2003 to 25-Dec-2003 HAS BEEN FIXED AT 2.125000 PCT.

INTEREST PAYABALE VALUE 29-Dec-2003 WILL AMOUNT TO 
EUR 554.86 PER EUR 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.