FCE Bank PLC
As Agent Bank, please be advised of the following rate determined on: 25-Sep-2003

Issue               : FCE Bank Plc - Series 136
                      EUR 40,000,000 (MTN)FRN due 29 Jun 2004
ISIN Number         : XS0099146416
Issue Nomin     EUR : 40,000,000.00
Period              : 29-Sep-2003 to 29-Dec-2003          Payment Date 29-Dec-2003
Number of Days      : 91
Rate                : 2.283
Denomination    EU  : 40,000,000.00

Amount Payable 
per Denomination    : 230,836.67

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438