FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on: 26-Nov-2004

Issue               : FCE Bank Plc - Series 150
                      GB�200,000,000 (MTN) FRN due 26/05/05
ISIN Number         : XS0111537477
Common Code/
144A ISIN           : 111537477
Issue Nomin     GBP : 200,000,000.00
Period              : 26-Nov-2004 to 28-Feb-2005     Payment Date 28-Feb-2005
Number of Days      : 94
Rate                : 5.04125
Denomination    GB  : 1,000.00   10,000.00   100,000.00
Amount Payable 
per Denomination    : 12.69      126.94      1,269.38

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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