BPE FINANCE INTERNATIONAL LIMITED

RE: BPE FINANCE INTERNATIONAL LTD 
    EUR 300,000,000.00
    MATURING: 14-Jun-2004
    ISSUE DATE: 13-Dec-2002
    ISIN: XS0158886522

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
15-Dec-2003 TO 15-Mar-2004 HAS BEEN FIXED AT 2.150000 PCT.

INTEREST PAYABLE VALUE 15-Mar-2004 WILL AMOUNT TO
EUR 54.35 PER EUR 10,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.