RNS Number:2037S
E.L.A.N. Ld
18 November 2003

E.L.A.N LIMITED

18 November 2003

RE: RATE FIX NOTIFICATION

AS AGENT BANK, PLEASE BE ADVISED OF THE FOLLOWING RATE DETERMINED ON:
16-Nov-2003

ISSUE: E.L.A.N Limited -Series 2002-16 - Class B
USD85,000,000 Secured FRN Due 21 May 2012
ISIN: XS0152046305
PERIOD: 20-Nov-2003 TO 22-Dec-2003
ISSUE NOMINAL US: 85,000,000.00
NUMBER OF DAYS: 32
RATE: 2.82
PAYMENT DATE: 22-Dec-2003
DENOMINATION US: 250.67
AMOUNT PAYABLE PER DENOMINATION: 100,000.00

Institutional
Trust Services
Telephone: 44 (0) 1202 34 1286
Fax: 44 (0) 1202 34 7438


This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.






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