Tokyo-Mitsubishi International PLC

As Agent Bank, please be advised of the following rate determined on: 23-Sep-2003

Issue               : Tokyo-Mitsubishi International plc - Series 318
                      JPY1,000,000,000 Fix/FRN due 25 September 2017
ISIN Number         : XS0154602618
Issue Nomin     JPY : 1,000,000,000.00
Period              : 25-Sep-2003 to 25-Mar-2004          Payment Date 25-Mar-2004
Number of Days      : 180
Rate                : 1.78
Denomination    JPY : 100,000,000

Amount Payable 
per Denomination    : 890,000

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438