55KJ Nec Fin.7.5625%

RNS Number:1680L
City of Birmingham
18 April 2005

NEC / Birmingham Exchange Offer


BIRMINGHAM CITY COUNCIL has released a notice relating to its previously

announced Exchange Offer for the NEC Finance plc 10.625% Debenture Stock

due 2016 and 13.625% Debenture Stock due 2016. At the meeting held this

morning, Stockholders passed the resolution to grant the City the ability

to exchange the holders into a new unsecured Birmingham City Council 2030

Stock. The new stock will be priced at 10:00a.m. UK time, Tuesday, 19th

April 2005.



Further information:

UBS Investment Bank

Carlo Las Marias (020 7568 3118)

Tim Lacey (020 7567 8940)


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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