RNS Number:1430P
Westland Utrecht Hypotheekbank N.V.
21 December 2001


RE:  WESTLAND/UTRECHT HYPOTHEEKEN BANK N.V.
     EUR 100,000,000 SERIES 432 EMTN
     DUE: SEPTEMBER 2002
     ISIN: XS0118025088

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 27DEC01 TO 27MAR02 HAS BEEN FIXED AT 3.389 PCT.

THE COUPON AMOUNT DUE 27MAR02 WILL AMOUNT TO:
EUR 84.73 PER EUR 10,000 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 207 508 3857/3855 OR FAX: 44 207 508 3881.

RATEFIX DESK
CITIBANK N.A.,LONDON


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