IIB Capital PLC



As Agent Bank, please be advised of the following rate determined on: 22-Aug-2008
Issue              � IIB Capital plc - Series 211625
                     EUR 20,000,000.00 FRN Due 25-Nov-2015
ISIN Number        � XS0236375969
Common Code / 144A � 23637596
 ISIN
Issue Nomin EUR    � 20,000,000.00
Period             � 26-Aug-2008 to 25-Nov-2008            Payment Date 25-Nov-2008
Number of Days     � 91
Rate               � 5.094
Denomination EUR   � 100,000.00            � 20,000,000.00        �

Amount Payable per � 1,287.65              � 257,530.00           �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601



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