Tokyo-Mitsubishi International PLC
As Agent Bank, please be advised of the following rate determined on: 06-Nov-2003

Issue               : Tokyo-Mitsubishi International plc - Series TMI-127
                      JPY 19,000,000,000 (MTN) FRN due 8/2/2005
ISIN Number         : XS0107248055
Issue Nomin     JPY : 19,000,000,000.00
Period              : 10-Nov-2003 to 09-Feb-2004          Payment Date 09-Feb-2004
Number of Days      : 91
Rate                : 0.45625
Denomination    JPY : 100,000,000

Amount Payable 
per Denomination    : 115,329
Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438