Imperial Chemical Industries PLC

As Agent Bank, please be advised of the following rate determined on: 08-Jan-2004

Issue               : Imperial Chemical Industries plc - Series 45
                      USD 10,000,000 MTN/FRN due 12 Oct 2010
ISIN Number         : XS0118419968
Issue Nomin     GBP : 10,000,000.00
Period              : 12-Jan-2004 to 13-Apr-2004          Payment Date 13-Apr-2004
Number of Days      : 92
Rate                : 1.89
Denomination   GBP  : 10,000.00     100,000.00

Amount Payable 
per Denomination    : 48.30         483.00

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438