RNS Number:1541L
Itochu Finance(Europe)PLC
15 May 2003


                              Floating Rate Note

XS0076005189         JPY 1,000,000,000.00        17 May 2004          Series 172

Please be advised that we have fixed the rate of interest for the above 
mentioned issue as detailed below:

1) Coupon Number  :  11
2) Interest Rate  :  1.3470000   %
3) Interest Period:  19 May 2003 to 17 Nov 2003
4) Days           :  182 Days
5) Interest Amount:  JPY 680,983.000000
                     per JPY 100'000'000/B 
6) Total interest :  JPY 6,809,830.000000


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