54NV Dp World 30 U

RNS Number:2141L
Naples (Province of)
25 May 2000

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
25/MAY/2000.

Issue:             PROVINCE OF NAPLES - SERIES 1
                   EUR33,714,000 (MTN) FRN DUE 27/5/2014
ISIN NO:           XS0097828189              
Issue Nominal EUR: 33,714,000.00
Period:           29/MAY/2000    To   27/NOV/2000     Payment Date 27-NOV-2000
Number of Days:   182
Rate:             4.817                   Pool Factor:   0.93334  
Denomination EUR: 933.34
Amount Payable
Per Denomination: 22.73

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939

END

RC UVASRRRRVUAR

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