ALLIANCE & LEICESTER GROUP TREASURY PLC   

RE: ALLIANCE & LEICESTER GROUP TREASURY PLC
    GBP 35,000,000.00
    MATURING: 18-Jun-2004
    ISSUE DATE: 18-Apr-2001
    ISIN: XS0128078051

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 20-Oct-2003 to
19-Jan-2004 HAS BEEN FIXED AT 3.812500 PCT.

INTEREST PAYABLE VALUE 19-Jan-2004 WILL AMOUNT TO
GBP 95.05 PER GBP 10,000.00 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.