============= Page 1 of 1 ============= Interoffice Memorandum To: See Distribution List From: Kenneth L. Lay Subject: Enron LOC RECEIVED JUN 28 2001 Vidae Nicholson SioWer Relations Department: Executive Date: June 26, 2001 This serves as notice of my intent to repay my outstanding loan balance of $4,000,000 plus interest in full with shares of Enron stock as of this day, June 26, 2001. 00 CC: Rocky Emery Bob Butts Mary Joyce Elaine Overturf EC38648B0050274 Respect Form 000-469-E(7/92) Integrity Communication Excellence EXH063-00336 GOVERNMENT EXHIBIT 4118 Crim. No. H-04-25 (S-2)