ALLIANCE & LEICESTER GROUP TREASURY PLC

RE:  ALLIANCE AND LEICESTER GROUP TREASURY PLC
     USD 6,038,000.00    
     MATURING: 22-Sep-2004
     ISSUE DATE: 22-Sep-2000
     ISIN: XS0118136828

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22-Sep-2003 TO 22-Dec-2003 HAS BEEN FIXED AT 1.160000 PCT.

INTEREST PAYABLE VALUE 22-Dec-2003 WILL AMOUNT TO 
USD 2.93 PER USD 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.