36PU Elan Inst Nts40

RNS Number:2772Z
E.L.A.N. Ld
01 June 2004

E.L.A.N LIMITED



1st June 2004



RE: RATE FIX NOTIFICATION



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



ISSUE: E.L.A.N Limited -Series 2002-25

EUR50,000,000 Secured Floating Rate Credit Linked Notes due 2 dec 2004

ISIN: XS0155915522

PERIOD: 02-Jun-2004 TO 02-Sep-2004

ISSUE NOMINAL EUR: 50,000,000

NUMBER OF DAYS: 92

RATE: 2.087

PAYMENT DATE: 02-Sep-2004

DENOMINATION EU: 100,000.00

AMOUNT PAYABLE PER DENOMINATION: 533.34

POOL FACTOR: 533.34







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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