RNS Number:3884U
E.L.A.N. Ld
19 January 2004

E.L.A.N LIMITED



19 January 2004



RE: RATE FIX NOTIFICATION



AS AGENT BANK, PLEASE BE ADVISED OF THE FOLLOWING RATE DETERMINED ON:
16-Jan-2004



ISSUE: E.L.A.N Limited -Series 2002-16 - Class A

USD 986,400,000 Amortising Secured FRN Due 21 May 2012

ISIN: XS0152045910

PERIOD: 20-JAN-2004 TO 20-FEB-2004

ISSUE NOMINAL USD: 986,400,000.00

NUMBER OF DAYS: 31

RATE: 1.30725

PAYMENT DATE: 20-FEB-2004

DENOMINATION USD: 973,667,572.89

AMOUNT PAYABLE PER DENOMINATION: 1,096,045.42

POOL FACTOR: 0.987092







Institutional

Trust Services

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This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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