FCE Bank PLC

As Agent Bank, please be advised of the following rate determined on:26-Nov-2004

Issue               : FCE Bank Plc - Series 150
                      GBP200,000,000 (MTN)FRN due 26/05/05
ISIN Number         : XS0111537477
Common Code/        : 111537477
144A ISIN
Issue Nomin     GBP : 200,000,000.00
Period              : 26-Nov-2004 to 28-Feb-2005     Payment Date 28-Feb-2005
Number of Days      : 94
Rate                : 5.04125
Denomination    GB  : 1,000.00      10,000.00       100,000.00

Amount Payable 
per Denomination    : 12.97         129.70          1,296.93

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 1267
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