Rexam PLC

RE: REXAM PLC
    EUR 10,000,000.00
    MATURING: 09-Oct-2006
    ISSUE DATE: 09-Oct-2003
    ISIN: XS0177700555

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
05-Jan-2004 TO 13-Apr-2004  HAS BEEN FIXED AT 2.854000 PCT

INTEREST PAYABLE VALUE 13-Apr-2004 WILL AMOUNT TO:
EUR 753.14 PER EUR 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3857/3855 OR FAX: 44 20 7508 3881