Municipality Finance plc

RE: Municipality Finance Plc
    USD 30,000,000.00
    MATURING: 16/Mar/2015
    ISSUE DATE: 16/Mar/2005
    ISIN: XS0213328106

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
16/Jun/2006 TO 19/Sep/2006 HAS BEEN FIXED AT 5.760630 PCT.

DAY BASIS 95/360

INTEREST PAYABLE VALUE 19/Sep/2006 WILL AMOUNT TO
USD 15,201.66 PER USD 1,000,000.00 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855 OR FAX: 44 (0)20 7508 3881.
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