FRN Variable Rate Fix

3I GROUP PLC
                  

RE: 3i Group Plc
    USD 25,000,000.00
    MATURING: 25/Nov/2008
    ISSUE DATE: 25/Nov/2005
    ISIN: XS0235888624

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
27/Feb/2006 TO 25/May/2006 HAS BEEN FIXED AT 4.930000 PCT.

DAY BASIS 87/360

INTEREST PAYABLE VALUE 25/May/2006 WILL AMOUNT TO
USD 1,191.42 PER USD 100,000.00 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: [phone]/3855 OR FAX: [phone].