RNS Number:7750O
City of Goteborg
17 December 2001

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

As Agent Bank, please be advised of the following rate determined on 14-Dec-2001

Issue:                    City of Gothenburg (MTN)
                          EUR125,000,000 FRN due 18/03/2002

ISIN Number:              XS0095551536

Issue Nominal EUR:        125,000,000.00
Period:                   18-Dec-2001 to 18-Mar-2002  Payment Date  18-Mar-2002
Number of Days:           90
Rate:                     3.296
Denomination EUR:         10,000.00
Amount Payable
per Denomination:         82.40

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