RNS No 7904t
STINGRAY LIMITED
22 July 1999

FORMAL NOTICE FOR SPECIALIST SECURITIES


PUBLICATION DATE: 22 July 1999

______________________________________________________________________________


DETAILS OF ISSUE: EUR 30,000,000 10% Turkish CBO Senior Notes
                  due 15 September 1999

ISSUER:           Stingray Limited
  
INCORPORATED IN:  Cayman Islands


GUARANTOR:        N/A

INCORPORATED IN:  N/A
            
  

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


The Chase Manhattan Bank
Trinity Tower
9 Thomas More Street
London E1 9YT 


Copies of the listing particulars relating to the issue may also be obtained
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.

END

FN AARNKKSKBUAR
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