RNS Number:2321E
Naples (Province of)
25 November 2002



As Agent Bank, please be advised of the following rate determined on: 
25-Nov-2002.

Issue             : Province Of Naples - Series 1 
                    EUR33,714,000 (MTN) FRN Due 27/5/2014 
ISIN Number       : XS0097828189
Issue Nominal EUR : 33,714,000.00 
Period            : 27-Nov-2002  To  27-May-2003    Payment Date  27-May-2003 
Number of Days    : 181 
Rate              : 3.185          Pool Factor:  0.76669
Denomination EUR  : 766.69 
Amount Payable
Per Denomination  : 12.28
 
From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
RC UVASRUORAUAA
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