Notice of Repayment

RNS Number:9226U
First Debenture Finance PLC
23 April 2002


                          FIRST DEBENTURE FINANCE PLC
                                (the "Company")

                              Notice of Repayment


The Company announces that Commercial Union Trustees Limited, the trustee to the
£80,000,000 11.125 per cent. Severally Guarantee Debenture Stock 2018 (the
"Stock") has yesterday despatched notices of repayment to stockholders informing
them that upon the receipt of the proposed payment by Charter European Trust
plc, a guarantor of the Stock, of monies payable to the Company, the Trustee
will, provided no amounts which are payable in priority are due and unpaid, pay
each holder of the Stock the pro rata amount due to it in accordance with the
terms of the trust deed constituting the Stock and the conditions applicable to
the Stock.

For each £1 nominal amount of the Stock, it is proposed that the principal
amount of 29.25 pence will be repaid together with a premium of 44.2973 per
cent. of the sums repaid and interest accrued up to the date of repayment.
Following such payment, the nominal amount of each £1 unit of Stock thereafter
will be reduced to 70.75 pence. At the close of business on 8 May 2002, 29.25
pence of each £1 nominal amount of Stock will be redeemed and as of 9 May 2002,
the Stock will have a nominal value of 70.75 pence.


Enquiries:

Peter Ingram

Tel: [phone]

23rd April 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange