51JJ Arkle 2060 A

RNS No 4547t
BES OVERSEAS LIMITED
13th May 1998



RE:BES Overseas Ltd. US$ 10,000,000 Series A floating rate non-cumulative
guaranteed Non-voting preference shares
REF: KYG 106361010

Please note that the rate for the above was fixed as follows:
7.68438 for period 15 May 1998 to 17 August 1998 (94 days) (3 month US$
Libor=5.73438%) Pay date: 17 August 1998.
The dividend amount for this period is US$.50 per US$ 25.00 series a preference
share.


END

RC GCGBUSGBCCIS

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