RNS Number:8478Y
E.L.A.N. Ld
19 May 2004

E.L.A.N LIMITED



19 May 2004



RE: RATE FIX NOTIFICATION



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



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

USD986,400,000 Amortising Secured FRN Due 21 May 2012

ISIN: XS0152045910

PERIOD: 20-May-2004 TO 21-Jun-2004

ISSUE NOMINAL USD: 986,400,000.00

NUMBER OF DAYS: 32

RATE: 1.32725

PAYMENT DATE: 21-Jun-2004

DENOMINATION US: 973,667,572.89

AMOUNT PAYABLE PER DENOMINATION: 1,148,711.37

POOL FACTOR: 0.987092







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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