32AV Finnvera 27

RNS No 4015w
DAINIPPPON INK AND CHEMICALS INCORPORATED
7th August 1997


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE: 7 August 1997

Application has been made to the London Stock Exchange for the following
programme to be established

______________________________________________________________________________
_______________________________________________________________________

DETAILS OF ISSUE:   US$1,000,000,000 Programme for the Issuance of Debt       
                      Instruments.  Annual Technical Update 1997

ISSUER:             Dainippon Ink and Chemicals,Incorporated ("DIC")
                    Reichhold Finance USA Inc. ("RFU")
                    Reichhold Finance Europe B.V. ("RFE")

INCORPORATED IN:    Japan
                    Delaware USA
                    The Netherlands

GUARANTOR:          DIC provides a keep-well to each of RFU and RFE.  In      
                    addition, RFU has the benefit of a keep-well from DIC   
                    Americas, Inc. (DICA).  Neither keep-well is a guarantee

INCORPORATED IN:    DIC - Japan
                    DICA - State of Delaware USA                    

Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

Morgan Stanley & Co. International Limited
25 Cabot Square
Canary Wharf
London E14 4QA

Copies of the particulars relating to the issue may also be obtained from the
London Stock Exchange, London Stock Exchange Tower, Old Broad Street (beside
main entrance), London EC2, for the two business days following the date of
this formal notice.


END

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