54NV Dp World 30 U

RNS Number:2321E
Naples (Province of)
25 November 2002



As Agent Bank, please be advised of the following rate determined on: 
25-Nov-2002.

Issue             : Province Of Naples - Series 1 
                    EUR33,714,000 (MTN) FRN Due 27/5/2014 
ISIN Number       : XS0097828189
Issue Nominal EUR : 33,714,000.00 
Period            : 27-Nov-2002  To  27-May-2003    Payment Date  27-May-2003 
Number of Days    : 181 
Rate              : 3.185          Pool Factor:  0.76669
Denomination EUR  : 766.69 
Amount Payable
Per Denomination  : 12.28
 
From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438

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END
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