51JJ Arkle 2060 A

RNS Number:4156F
BES Overseas Ld
11 February 2000


          10.000.000 USD SERIES A FLOATING RATE OF BES OVERSEAS LTD.
           NON-CUMULATIVE GUARANTEED NON-VOTING PREFERENCE SHARES

The Directors of BES Overseas Limited hereby direct the Bank of New York, as
registrar, transfer agent and paying agent, to set a record date of February
10th, 2000, for the payment of the quarterly dividend in the aggregate amount of
USD 5,100,000 (USD 0.51 per share) on the above mentioned Preference Shares for
payment of dividends value February 15th, 2000. Instructions for payment should
be sent to Mr. Joaquim Garnecho, General Manager, Banco Espirito Santo, 320 Park
Avenue, New York, New York 10022-6815.


END
MSCSFIFSFSSSEFE

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