BPE Finance International Limited

RE: BPE FINANCE INTERNATIONAL LIMITED
    EUR 300,000,000.00
    MATURING: 16-Dec-2005
    ISSUE DATE: 16-Dec-2002
    ISIN: XS0158980119

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
16-Dec-2003 TO 16-Mar-2004 HAS BEEN FIXED AT 2.228000 PCT

INTEREST PAYABLE VALUE 16-Mar-2004 WILL AMOUNT TO:
EUR 5.63 PER EUR 1,000.00 DENOMINATION
EUR 56.32 PER EUR 10,000.00 DENOMINATION
EUR 563.19 PER EUR 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881