RE: Redemption of Notes

RNS Number:1765T
E.L.A.N. Ld
26 October 2005


                                              Stock Exchange Announcement




               For immediate release                                   25 October 2005




                                            E.L.A.N. Limited (the "Issuer")



             EUR 5,000,000 Secured Fixed Rate Credit Linked Notes due May 2008 Series 2001-6 (the "Notes")


                                                Re: Redemption of Notes









The Issuer wishes to advise that pursuant to Condition 7(b)(ii) (as amended by
the Special Conditions) an Underlying Assets Redemption Event has occurred and
the Notes were redeemed in whole for the Early Redemption Liquidation Amount
(Euro5,289,400) on the Underlying Assets Redemption Event Date (24 October 2005).



Following completion of the redemption no Notes are outstanding and accordingly,
the Notes will be delisted from the Official List of the Irish Stock Exchange.




Enquiries


SPV Services
Tel:  +44 1534 504000
Fax:  +44 1534 504444













This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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