ALLIANCE & LEICESTER GROUP TREASURY PLC

RE: ALLIANCE AND LEICESTER GROUP TREASURY PLC
    USD 12,159,000.00
    MATURING: 12-Apr-2005
    ISSUE DATE: 06-Apr-2001
    ISIN: XS0127633369

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
06-Oct-2003 TO 06-Jan-2004 HAS BEEN FIXED AT 1.180000 PCT.

INTEREST PAYABLE VALUE 06-Jan-2004 WILL AMOUNT TO:
USD 3.02 PER USD 1,000.00 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