RNS Number:3938I
Dorada Corporation
06 March 2003

The International Stock Exchange
of the United Kingdom
and Northern Ireland Limited
Broad Street
London EC2N 1HP

Attention:  Company Announcements Office

                                      6th March 2003

Dear Sirs,

Dorada Corporation (the "Issuer")

US $5,000,000,000 Euro-Medium Term Note Programme


In our capacity as Investment Manager and Group Funding Manager to the Issuer we
hereby notify you for the purposes of Rule 15.14 of the Listing Rules of the 
exercise by the Issuer of a call option over its own listed debt securities 
issued under the Programme:


Listed Securities:                      NOK 100,000,000 Notes
                                        due 20th March 2009,
                                        Series No.7
                                        ISIN XS009557644.2

Exercise Date:                          6th March 2003

Value Date:                             20th March 2003

Nominal Amount                          NOK 100,000,000

Remaining Nominal Amount                Nil


The Nominal Amount of all Notes repurchased will be cancelled on receipt.

Yours faithfully,

Sean Murphy

Managing Director

CAI Credit Structures


Tel: 0207 500 1798

Fax: 0207 836 0078

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