FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on:19-Sep-2005

Issue               : FCE Bank Plc - Series Al
                      USD 250,000,000 (MTN) FRN due 21 Mar 2006
ISIN Number         : XS0126309649
Common Code/        : 126309649
144A ISIN
Issue Nomin     USD : 250,000,000.00
Period              : 21-Sep-2005 to 21-Dec-2005      Payment Date 21-Dec-2005
Number of Days      : 91
Rate                : 4.22
Denomination    US  : 1,000.00  10,000.00  100,000.00

Amount Payable 
per Denomination    : 10.67        106.67    1,066.72

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267

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