BN22 Citi Fun 24

    MELROSE FINANCING NO1

RE: MELROSE FINANCING NO 1 PLC
    GBP 26,250,000.00
    MATURING: 15/Feb/2008
    ISSUE DATE: 27/Feb/2001
    ISIN: XS0125701127

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15/Feb/2005 TO 16/May/2005 HAS BEEN FIXED AT 10.892500 PCT

INTEREST PAYABLE VALUE 16/May/2005 WILL AMOUNT TO:
GBP 334.59 PER GBP 10,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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