Zenith Investments Ld
19 November 2003


Zenith Investment Limited

19 November 2003

RE: RATE FIX NOTIFICATION

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

ISSUE: ZEINTH INVESTMENTS LIMITED - SERIES 2003-3

EUR 50,000,000 Secured FR Volkswagen AG Linked Notes due 21 August 2004

ISIN: XS0162203615

ISSUE NOMINAL EUR: 50,000,000.00

PERIOD: 21-Nov-2003 to 23-Feb-2004

PAYMENT DATE: 23-Feb-2004

NUMBER OF DAYS: 94

RATE: 2.153

DENOMINATION EUR: 100,000.00

AMOUNT PAYABLE PER DENOMINATION: 562.17


Institutional

Trust Services

Telephone        44 (0) 1202 34 1286

Facsimile        44 (0) 1202 34 7438


This announcement has been issued through the Companies Announcement Service of
                            The Irish Stock Exchange


                      This information is provided by RNS
            The company news service from the London Stock Exchange