ALLIANCE & LEICESTER GROUP TREASURY PLC
RE:ALLIANCE & LEICESTER GROUP
    USD 300,000,000.00
    MATURING: 27-Oct-2005
    ISSUE DATE: 27-Oct-2000
    ISIN: XS0119307519

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27-Oct-2003 TO 27-Jan-2004 HAS BEEN FIXED AT 1.310630 PCT

INTEREST PAYABLE VALUE 27-Jan-2004 WILL AMOUNT TO:
USD 33.49 PER USD 10,000.00 DENOMINATION
USD 334.94 PER USD 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881