RNS Number:4830S
E.L.A.N. Ld
25 November 2003

E.L.A.N LIMITED



25 November 2003



RE: RATE FIX NOTIFICATION



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



ISSUE: E.L.A.N Limited -Series 2002-21

USD$20,000,000 Secured CDO Linked Notes due 2009

ISIN: XS0154366115

PERIOD: 28-Nov-2003 TO 01-Mar-2004

ISSUE NOMINAL US: 20,000,000.00

NUMBER OF DAYS: 94

RATE: 2.02

PAYMENT DATE: 02-Mar-2004

DENOMINATION US: 500,000.00

AMOUNT PAYABLE PER DENOMINATION: 2,637.22





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.






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

RC FEIFIISDSELF