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AK16 Citi Fun 31

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Name Symbol Market Type
Citi Fun 31 LSE:AK16 London Medium Term Loan
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Notice to Noteholders

03/04/2003 3:33pm

UK Regulatory


RNS Number:6051J
Emilius Company Limited
3 April 2003



Letter to RNS

Notice to Noteholders

EUR 5,000,000 Portfolio Credit Linked Notes due 3 December 2011 (the "Notes")

ISIN number XS0138370589

We, the Company, hereby give notice that the Calculation Agent has given notice
in accordance with the terms and conditions of the Notes (the "Conditions"), 
that a Credit Event has occurred in respect of BRITISH ENERGY PLC, one of the 
Reference Entities in respect of the Notes.

In accordance with the Conditions, the Calculation Agent will determine a Final
Price for the Defaulted Credit and shall adjust the Interest Bearing Amount
accordingly.

Terms not otherwise defined herein have the meaning given to them in the 
Conditions.


Letter from Emilius Company Limited


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

END

MSCEAALDESEDEFE

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