FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on: 26-Sep-2003

Issue               : FCE Bank Plc - Series 126
                      EUR 10,000,000 (MTN)FRN due 30 Mar 2004
ISIN Number         : XS0096004774
Issue Nomin     EUR : 10,000,000.00
Period              : 30-Sep-2003 to 30-Dec-2003          Payment Date 30-Dec-2003
Number of Days      : 91
Rate                : 2.332
Denomination    EU  : 10,000,000.00

Amount Payable 
per Denomination    : 58,947.78

Institutional       Telephone   44(0) 1202 34 1286

Trust Services      Facsimile   44(0) 1202 34 7438