FCE Bank PLC
As Agent Bank, please be advised of the following rate determined on: 18-Sep-2003

Issue               : FCE Bank Plc - Class AH
                      EUR 350,000,000 (MTN) FRN due 21 Mar 2006
ISIN Number         : XS0126309482
Issue Nomin     EUR : 350,000,000.00
Period              : 22-Sep-2003 to 22-Dec-2003          Payment Date 22-Dec-2003
Number of Days      : 91
Rate                : 2.45
Denomination    EU  : 1,000.00      10,000.00       100,000.00

Amount Payable 
per Denomination    : 6.19          61.93           619.31

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438