Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Thursday (February 17, 2005).

=======================================================

INTEREST PAYABLE ON FE DEPOSITS

=======================================================

                    BBA BID               MAXIMUM RATES

                    RATES                FOR PAYMENT OF

                                            INTEREST BY

                                             AUTHORISED

                                                DEALERS

=======================================================

US Dollars          Value 18-02-2005   Value 18-02-2005

-------------------------------------------------------

For  3 months and over but less than

     6 months       2.5700% PA               3.3200% PA

For  6 months and over but less than

    12 months       2.7900% PA               3.5400% PA

For 12 months       3.1213% PA               3.9963% PA

For  2 years        3.1213% PA               4.4963% PA

For  3 years        3.1213% PA               4.7463% PA

For  4 years        3.1213% PA               4.9963% PA

For  5 years        3.1213% PA               5.1213% PA

-------------------------------------------------------

POUND STERLING      Value 17-02-2005   Value 17-02-2005

-------------------------------------------------------

For  3 months and over but less than

     6 months       4.6413% PA               5.3913% PA

For  6 months and over but less than

    12 months       4.7031% PA               5.4531% PA

For 12 months       4.7863% PA               5.6613% PA

For  2 years        4.7863% PA               6.1613% PA

For  3 years        4.7863% PA               6.4113% PA

For  4 years        4.7863% PA               6.6613% PA

For  5 years        4.7863% PA               6.7863% PA

-------------------------------------------------------

EURO                Value 18-02-2005   Value 18-02-2005

-------------------------------------------------------

For  3 months and over but less than

     6 months       1.8828% PA               2.6328% PA

For  6 months and over but less than

    12 months       1.9248% PA               2.6748% PA

For 12 months       2.0506% PA               2.9256% PA

For  2 years        2.0506% PA               3.4256% PA

For  3 years        2.0506% PA               3.6756% PA

For  4 years        2.0506% PA               3.9256% PA

For  5 years        2.0506% PA               4.0506% PA

-------------------------------------------------------

JAPANESE YEN        Value 18-02-2005   Value 18-02-2005

-------------------------------------------------------

For  3 months and over but less than

     6 months       0.1981% PA               0.5519% PA

For  6 months and over but less than

    12 months       0.1838% PA               0.5663% PA

For 12 months       0.1575% PA               0.7175% PA

For  2 years        0.1575% PA               1.2175% PA

For  3 years        0.1575% PA               1.4675% PA

For  4 years        0.1575% PA               1.7175% PA

For  5 years        0.1575% PA               1.8425% PA

=======================================================

Copyright Business Recorder, 2005