Zenith Inv. Ld.

Re: Rate Fix

Zenith Investments Ld
27 June 2003


Zenith Investment Limited

27 June 2003

RE: RATE FIX NOTIFICATION

AS AGENT BANK, PLEASE BE ADVISED OF THE FOLLOWING RATE DETERMINED ON:
03-JUN-2003

ISSUE: ZEINTH INVESTMENTS LIMITED - SERIES 2003-8
JPY 5,520,000,000 Secured FRN Callable Notes due 12 June 2006
ISIN: XS0168690823
ISSUE NOMINAL JPY: 5,520,000,000.00
PERIOD: 05-JUN-2003 to 12-Sept-2003
PAYMENT DATE: 12-Sep-2003
NUMBER OF DAYS: 99
RATE: 0.05806
DENOMINATION JPY: 100,000.00
AMOUNT PAYABLE PER DENOMINATION: 159


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