RNS Number:2904U
Gold Bullion Securities Ld
15 January 2004



Pricing Supplement
Issuer:                           Gold Bullion Securities Limited
Series Number
Description:                      1,000,049 Secured Undated Zero Coupon Notes
Currency/ Principal Amount:
Issue Price:                      99.99.5082 per cent
Specified Denominations:
Issue Date:                       8 January 2004
Maturity Date:
ISIN:                             GB 0033855668

     A copy of the above document has been submitted to the UK Listing Authority
      and will shortly be available for inspection at the UK Listing Authority's
                                Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade Canary Wharf
London
E14 5HS

Tel. no. (0)20 7066 1000

(Documents will normally be available for inspection within six normal
business hours of this notice being given).


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