Rexam PLC

RE: REXAM PLC
    EUR 9,500,000.00
    MATURING: 29-May-2008
    ISSUE DATE: 29-May-2003
    ISIN: XS0168848983

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
28-Nov-2003 TO 28-May-2004 HAS BEEN FIXED AT 2.954000 PCT

INTEREST PAYABLE VALUE 28-May-2004 WILL AMOUNT TO:
EUR 1,493.41 PER EUR 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881