FRN Variable Rate Fix

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RNS Number:7382H
GMAC,Australia(Finance)Ld
30 July 2001


RE:  GMAC AUSTRALIA (FINANCE) LTD
     GBP 6,000,000 EMTN
     MATURITY: AUGUST 2003
     ISIN: XS0086004735

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE PERIOD 30JUL01 TO
28AUG01 HAS BEEN FIXED AT 5.34 PCT PER ANNUM.

THE COUPON AMOUNT DUE 28AUG01 WILL AMOUNT TO:
GBP 424.27 PER GBP 100,000 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 44 207 508 3857 OR
FAX 44 207 508 3881.

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