17JC Hungary 31 U

RNS Number:5196H
Itochu Finance(Europe)PLC
25 July 2001

RE:-     ITOCHU FINANCE (EUROPE) PLC
         USD 20,000,000 EURO MEDIUM TERM NOTE PROGRAMME
         MATURING 23 JANUARY 2002
         ISIN: XS0073362922

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27JUL01 TO 23JAN02 HAS BEEN FIXED AT 3.67125 PCT.

INTEREST PAYABLE VALUE 23JAN02 WILL AMOUNT TO
USD 1,835.63 PER USD 100,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK
ON TEL: 44 171 508 3857 OR FAX: 44 171 508 3881

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