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Ford increases Danske krone note loan

January 28, 2003

Stock Exchange Announcement No. 3/2003

FCE Bank plc (“FCE”), a subsidiary of Ford Motor Company, increases its existing 3% Danske krone note loan which expires on December 12, 2005 (DK0003437572) by DKr100m. The increase takes effect on February 12, 2003, and raises the total number of notes in issue to DKr300m.

The notes have been fully underwritten by Danske Bank for resale at the current market price. The notes are available for sale from February 7, 2003.

The notes are registered at VP Securities Services and listed on the Copenhagen Stock Exchange.

FCE is the Ford Motor Company’s European automobile bank. The Bank’s primary objective is to support sales of Ford vehicles in Europe. FCE is a UK credit institution with banking status. Consequently, all notes issued by FCE have a 20% BIS weighting.

FCE has been awarded an A3 rating by Moody’s Investors Service, a BBB by Standard & Poor’s and a BBB+ rating by Fitch IBCA.

Copies of the “Euro Medium Term Note Programme” and the “Pricing Supplement” are available through Danske Bank’s branches in Denmark or on +45 43 39 49 69.