Municipality Finance plc

RE: Municipality Finance Plc
    USD 30,000,000.00
    MATURING: 16/Mar/2015
    ISSUE DATE: 16/Mar/2005
    ISIN: XS0213328106

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19/Sep/2006 TO 18/Dec/2006 HAS BEEN FIXED AT 5.810000 PCT.

DAY BASIS 90/360

INTEREST PAYABLE VALUE 18/Dec/2006 WILL AMOUNT TO
USD 14,525.00 PER USD 1,000,000.00 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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