BANCAJA INTERNATIONAL FINANCE

RE: BANCAJA INTERNATIONAL FINANCE
    EUR 100,000,000.00
    MATURING: 30-Jun-2004
    ISSUE DATE: 01-Feb-2002
    ISIN: XS0141935709

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
30-Sep-2003 TO 30-Dec-2003 HAS BEEN FIXED AT 2.282000 PCT

INTEREST PAYABLE VALUE 30-Dec-2003 WILL AMOUNT TO:
EUR 576.84 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.