38NU Inter-amer 28

    Spintab AB

XS0061016589
Notice of Redemption

AB Spintab - UP TO USD 125,000,000 UNDATED SUB FR STEP-UP NOTES XS0061016589 -
USD 90,000,000.00 OUTSTANDING 

DEAR SIRS, 

PLEASE ACCEPT THIS TRANSMISSION AS CONFIRMATION OF NOTIFICATION FROM THE ISSUER
WISHES TO EXERCISE THE CALL OPTION APPLICABLE TO THIS SECURITY ON THE INTEREST
PAYMENT DATE 31/10/2005 AT 100%, ALONG WITH ANY ARGUED INTEREST UP TO THAT DATE.

PLEASE DISTRIBUTE ACCORDINGLY TO ANY PARTICIPANTS RELEVANT TO THIS ISSUE.

IF YOU HAVE ANY FURTHER QUERIES, PLEASE DO NOT HESITATE TO CONTACT ME.

Regards,
Dave Pule
0207-508-3765

Inter-amer 28 (LSE:38NU)
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