Imperial Chemical Industries PLC

As Agent Bank, please be advised of the following rate determined on: 29-Oct-2003
Issue               : Imperial Chemical Industries plc - Series 46
                      US$30,000,000 (MTN)FRN due 31/10/2010
ISIN Number         : XS0119611423
Issue Nomin     USD : 30,000,000.00
Period              : 31-Oct-2003 to 30-Jan-2004    Payment Date 30-Jan-2004 
Number of Days      : 90
Rate                : 2.06
Denomination    US  : 10,000.00        

Amount Payable 
per Denomination    : 51.50           

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