38NU Inter-amer 28

    Spintab AB

AB SPINTAB - UP TO USD 125,000,000 UNDATED SUB FR STEP-UP NOTES DTC848929AA3 -
USD 35,000,000.00 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 ACCRUED 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.

DAVE PULE, +44 207 508 3765

Inter-amer 28 (LSE:38NU)
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