54NV Dp World 30 U

RNS Number:6532N
Naples (Province of)
23 November 2001

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

As Agent Bank, please be advised of the following rate determined on: 
23-NOV-2001.

Issue             :  PROVINCE OF NAPLES - SERIES 1
                     EUR33,714,000 (MTN) FRN DUE 27/5/2014

ISIN NO           :  XS0097828189

Issue Nominal EUR :  33,714,000.00
Period            :  27-NOV-2001  To  28-MAY-2002    Payment Date  28-MAY-2002 
Number of Days    :  182
Rate              :  3.487            POOL FACTOR:  0.83335
Denomination EUR  :  833.35
Amount Payable
Per Denomination  :  14.69

From:  JP Morgan

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