RNS Number:7550T
E.L.A.N. Ld
31 December 2003

E.L.A.N LIMITED



31 December 2003



RE: RATE FIX NOTIFICATION



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



ISSUE: E.L.A.N Limited -Series 2002-22

EUR 15,000,000 Secured FRN due 12 Mar 2007

ISIN: XS0154587124

PERIOD: 29-Dec-2003 TO 29-Mar-2004

ISSUE NOMINAL EUR: 15,000,000.00

NUMBER OF DAYS: 91

RATE: 3.89

PAYMENT DATE: 29-Mar-2004

DENOMINATION EU: 10,000.00

AMOUNT PAYABLE PER DENOMINATION: 98.33

POOL FACTOR:







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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