IIB Capital PLC

As Agent Bank, please be advised of the following rate determined on:
19-Apr-2006

Issue               : IIB Capital Plc - Series 202991
                      EUR 50,000,000 FRN Due 21 Oct 2015
ISIN Number         : XS0233490944
Common Code/
144A ISIN           : 23349094
Issue Nomin     EUR : 50,000,000.00
Period              : 21-Apr-2006 to 21-Jul-2006       Payment Date 21-Jun-2006
Number of Days      : 91
Rate                : 2.978
Denomination    EU  : 100,000.00     50,000,000.0

Amount Payable      : 752.77         376,386.11 
per Denomination

Rate Fix Desk                     Telephone   44(0) 1202 34 1286
Institutional Trust Services      Facsimile   44(0) 1202 34 1267

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