BJ88 Sg.issuer 34

    Dorada Corporation

RE: DORADA CORPORATION
    EUR 50,000,000.00
    MATURING: 03-Jan-2006
    ISSUE DATE: 01-Jly-2004
    ISIN: XS0195884753

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 03-Jan-2005 TO
01-Apr-2005 HAS BEEN FIXED AT 2.158000 PCT.

DAY BASIS 88/360

INTEREST PAYABLE VALUE 01-Apr-2005 WILL AMOUNT TO EUR 263,755.56 PER EUR
50,000,000.00 NOMINAL.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL: 44 020 7508
3858/3655 OR FAX: 44 020 7508 3881.

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