RNS Number:4598R
BES Overseas Ld
14 February 2002


DATE: 13TH February 2002

RATE FIX NOTICE:

Issue:                       BES Overseas Ltd
                             $10,000,000 Series A Floating Rate Non-Cumulative
                             Guaranteed Non-Voting Preference Shares

ISIN Code:                   KYG106361010

Interest Rate:              3.85%
3 Month USD LIBOR           1.90%
Interest Period:            15th February 2002 to 15th May 2002
Calculation Basis           Actual/360
Days in Period:             89
Interest Payment Date:      15th May 2002
Dividend per USD 25.00      USD 0.24         


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