RNS No 2605a
ESPIRITO SANTO INVESTMENT PLC


ISIN:     XS0102697669        FROM:     30/09/99

22) EUR2,500,000 BRAZILIAN RISK CREDIT LINKED NOTES DUE 28/12/99

FULLY PAID                    YIELD:    ACTUAL/360

(Represented by Notes to Bearer of EUR250,000 each)

Issue Price:        100%

Issuer:             Citibank NA

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.


END

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