RNS No 0835f
NEW ZEALAND


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE: 28 July 1999
______________________________________________________________________________


DETAILS OF ISSUE: US$3,000,000,000 Euro Medium Term Note Programme
                  Annual Technical Update    

ISSUER:           Her Majesty the Queen in Right of New Zealand
  
INCORPORATED IN:  


GUARANTOR:        N/A

INCORPORATED IN:  N/A
            
Listing Particulars relating to the issue may be obtained during usual
business hours for fourteen days from the date of this formal notice from:

Morgan Stanley & Co. International Limited
25 Cabot Square
Canary Wharf
London E14 4QA

Copies of the listing particulars relating to the issue may also be obtained
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.


END

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