99HV York Wtr Fin 29

RNS No 5888a
NICHIMEN EUROPE PLC
23rd March 1999


RE:      NICHIMEN EUROPE PLC
         JPY 500,000,000 SERIES 60 EMTN
 DUE 25 MARCH 2002
 ISIN: XS0074948828


PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
25MAR99 TO 27SEP99 HAS BEEN FIXED AT 0.48594 PCT.

INTEREST PAYABLE VALUE 27SEP99 WILL AMOUNT TO
JPY 251,069 PER JPY 100,000,000 DENOMINATION.
-----------------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 508 3855 / 3857 OR FAX:  44 171 508 3881.


ISSUER SERVICES
CITIBANK N.A. LONDON

END

RC JJMRBLLMTBML

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