Banche Popolari Unite SCRL


RE: Banche Popolari Unite S.C.R.L
    EUR 130,000,000.00
    MATURING: 19/Apr/2013
    ISSUE DATE: 19/Apr/2006
    ISIN: XS0250815361

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19/Oct/2006 TO 19/Jan/2007 HAS BEEN FIXED AT 3.633000 PCT.

DAY BASIS 92/365

INTEREST PAYABLE VALUE 19/Jan/2007 WILL AMOUNT TO
EUR 928.43 PER EUR 100,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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