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Westland/Utrecht Hypotheekbank N.V.

RE: WESTLAND/UTRECHT HYPOTHEEKBANK BANK N.V.
    GBP 15,000,000.00
    MATURING: 22-Aug-2006
    ISSUE DATE: 22-Aug-2001
    ISIN: XS0134492957

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
23-Feb-2004TO 24-May-2004 HAS BEEN FIXED AT 4.283750 PCT.

INTEREST PAYABLE VALUE 24-May-2004 WILL AMOUNT TO
GBP 10,650.85 PER GBP 1,000,000.00 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.

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