AK06 Places Tr 33

    Municipality Finance PLC

RE: MUNICIPALITY FINANCE PLC
    EUR 75,000,000.00
    MATURING: 21/Feb/2012
    ISSUE DATE: 21/Feb/2002
    ISIN: XS0143653896

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
22/May/2006 TO 21/Aug/2006 HAS BEEN FIXED AT 2.843000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 21/Aug/2006 WILL AMOUNT TO:
EUR 718.65 PER EUR 100,000.00 DENOMINATION

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 20 7508 3858/3855 OR FAX: 44 20 7508 3881

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