ALLIANCE & LEICESTER GROUP TREASURY PLC

RE: ALLIANCE & LEICESTER GROUP TREASURY PLC
    USD 300,000,000.00
    MATURING: 07-Sep-2006
    ISSUE DATE: 07-Sep-2001
    ISIN: XS0135204708

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
08-Dec-2003 TO 08-Mar-2004 HAS BEEN FIXED AT 1.330000 PCT

INTEREST PAYABLE VALUE 08-Mar-2004 WILL AMOUNT TO:
USD 3.35 PER USD 1,000.00 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