RNS No 3254k
NICHIMEN EUROPE PLC
23rd June 1998

TO COMPANY ANNOUNCEMENTS OFFICE

RE:      NICHIMEN EUROPE PLC
         YEN 600,000,000 EMTN PROGRAMME
         MATURING 25 JUNE 2001
        COMMON CODE 6722679
---------------------------------------------------------
WE WISH TO FORMALLY ADVISE YOU THAT THE RATE OF INTEREST
FOR THE PERIOD 25 JUNE 1998 TO 29 DECEMBER 1998 HAS
BEEN FIXED AT 5.61406 PCT (FIVE SPOT SIX ONE FOUR ZERO SIX
PER CENT).

THE RATE HAS BEEN CALCULATED BY TAKING THE 6 MONTH YEN
LIBOR,0.58594, FROM A MARGIN OF 6.2 PER CENT.

THE INTEREST PAYABLE ON THE RELEVANT INTEREST PAYMENT
DATE 29 DECEMBER 1998 AGAINST COUPON NO 3, WILL BE
JPY 2,916,192 (TWO MILLION, NINE HUNDRED AND SIXTEEN
THOUSAND, ONE HUNDRED AND NINETY TWO YEN) PER 100,000,000
DENOMINATION.

THIS AMOUNT HAS BEEN COMPUTED ON THE ACTUAL NUMBER OF DAYS
ELAPSED (187) DIVIDED BY 360.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 171 500 0150/0146 OR FAX:  44 171 500 0483.

RATE FIX DESK
CITIBANK N.A. LONDON

END

RC FJMABLLITBIP


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