BPE Finance International Limited

Please be advised that the following issue has redeemed early;

ISIN:                       XS0161970503
Issuer:                     BPE FINANCE
Call Date:                  14TH FEBRUARY 2005
Redemption amount:          EUR 15,000,000.00
New amount O/S:             NIL
Bpe Fin.0nts38 (LSE:68LE)
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