RNS Number:9770S
E.L.A.N. Ld
08 December 2003

E.L.A.N. Limited

Whiteley Chambers

Don Street

St. Helier

Jersey

JE4 9WG

Channel Islands






9 December 2003

Dear Sirs

(1)        U.S.$3,000,000 Secured Pass-through Notes due June 2009, Series
2002-10D issued by E.L.A.N. Limited (the "Issuer") (ISIN: XS0149690397) (the
"Notes")

(2)        Further Notes Notice

Terms used and not defined herein shall have the same meanings given thereto in
the terms and conditions of the Notes.

In accordance with Condition 7b(iii) of the Notes (which Condition is set out in
the Special Conditions in the Applicable Supplement) we, as Issuer, hereby give
you notice (such notice to constitute a Further Notes Notice) that the Issuer
will issue Further Notes (the "Proposed Further Notes") in an aggregate
principal amount of U.S.$3,000,000 on 10 December 2003 in accordance with
Condition 1(c) of the Notes, which Further Notes will be fungible in due course
with the Notes so as to form a single series.

Pursuant to Condition 7(b)(iii) of the Notes, Noteholders are required to
confirm their acceptance on or before 10 December 2003 to the satisfaction of
the Issuer and Dealer that the Noteholders will subscribe for all Proposed
Further Notes.  Failure by the Noteholders to confirm their acceptance on or
before the date set out above that the Noteholders will subscribe for all
Proposed Further Notes will constitute a Further Notes Subscription Event and,
inter alia, the Notes will redeem in accordance with Condition 7(b)(iii).

Yours faithfully





E.L.A.N. Limited



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.












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ISEUWAAROKRURAA