RNS Number:4213U
E.L.A.N. Ld
20 January 2004

E.L.A.N LIMITED



20 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 C

USD 2,500,000 Amortising Secured FRN Due 21 May 2012

ISIN: XS0152047295

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

ISSUE NOMINAL USD: 2,500,000.00

NUMBER OF DAYS: 31

RATE: 3.6

PAYMENT DATE: 20-FEB-2004

DENOMINATION USD: 1,000,000.00

AMOUNT PAYABLE PER DENOMINATION: 3,100.00

POOL FACTOR: 0.4







Institutional

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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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