99HV York Wtr Fin 29

RNS No 9738x
NICHIMEN EUROPE PLC
23 September 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
27SEP99 TO 27MAR00 HAS BEEN FIXED AT 0.505 PCT.

INTEREST PAYABLE VALUE 27MAR00 WILL AMOUNT TO
JPY 255,306 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 LJMRBLLJTBIL

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