Variable Rate Fix - Replacement

3i Group PLC
20 January 2000

The issuer has made the following amendment to the FRN Variable Rate Fix
announcement released under RNS No 0949E at 07:01 today.  The interest rate
period should read '19 Jan 2000 to 19 April 2000' and not '19 November 1999 to
19 April 2000' as previously shown.

The full amended text is shown below 


 RE: 3I GROUP PLC
 GBP 15,000,000 SERIES 77200 EMTN
 DUE  19 OCTOBER 2000
 ISIN: XS0064055840


THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD 19JAN00 TO 19APR00 HAS BEEN FIXED AT  6.11219 PCT PER ANNUM. 

THE COUPON AMOUNT DUE 19APR00 WILL AMOUNT TO:
GBP 1,523.86 PER GBP 100,000 DENOMINATION.
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