FRN Variable Rate Fixes

3i GROUP PLC
25 October 1999


RE: 3I GROUP PLC
    GBP 10,000,000 SERIES 77237 EMTN
    DUE  OCTOBER 2002
    ISIN: XS0070837264


THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE
PERIOD 25OCT99 TO 24JAN00 HAS BEEN FIXED AT 6.02 PCT PER ANNUM.

THE COUPON AMOUNT DUE 24JAN00 WILL AMOUNT TO:
GBP  1,496.78  PER GBP 100,000 DENOMINATION.
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RE: 3I GROUP PLC
    GBP 10,000,000 SERIES 77218 EMTN
    DUE  APRIL 2001
    ISIN: XS0065884172

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE
PERIOD 25OCT99 TO 25JAN00 HAS BEEN FIXED AT  6.43  PCT PER ANNUM.

THE COUPON AMOUNT DUE 25JAN00 WILL AMOUNT TO:
GBP 1,620.71  PER GBP 100,000 DENOMINATION.
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