Fennica No.5 PLC

Re: Rate Fix

Fennica No.5 PLC
18 May 2004

Fennica No 5 plc



18 May 2004



RE: RATE FIX NOTIFICATION



AS AGENT BANK, PLEASE BE ADVISED OF THE FOLLOWING RATE DETERMINED ON: 18 May
2004



ISSUE: Fennica No. 5 plc -Class A1

EUR 464,900,000 Floating Rate Class A Asset Backed Notes 2054

ISIN: XS0118907848

ISSUE NOMINAL EUR: 464,900,000.00

PERIOD: 20-May-2004 TO 22-Nov-2004

PAYMENT DATE: 22-Nov-2004

RATE: 2.392

NUMBER OF DAYS: 186

DENOMINATION EU: 100,000.00

AMOUNT PAYABLE PER DENOMINATION: 1,235.87



ISSUE: Fennica No. 5 plc - Class B

EUR 25,600,000 Floating Rate Class B Asset Backed Notes 2054

ISIN: XS00118908069

ISSUE NOMINAL EUR: 25,600,000.00

PERIOD: 20 May 2004 TO 22 Nov 2004

PAYMENT DATE: 22 Nov 2004

RATE: 2.792

NUMBER OF DAYS: 186

DENOMINATION EU: 100,000.00

AMOUNT PAYABLE PER DENOMINATION: 1,442.53













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