51JJ Arkle 2060 A

RNS No 5928d BES OVERSEAS LIMITED 3 May 1999  To:  The Bank of New York  Re: 
10,000,000 USD Series A Floating Rate of BES Overseas Ltd.
     Non-cumulative Guaranteed Non-Voting Preference Shares The Director of BES
Overseas Limited hereby direct the Bank of New York, as registrar, transfer
agent and paying agent, to set a record date of May 12th, 1999, for the payment
of the quarterly dividend in the aggregate amount of USD 4,300,000 (USD 0.43 per
share) on the above mentioned Preference Shares for payment of dividends value
May 17th, 1999.  Instructions for payment should be sent to Mr. Joaquim
Garnecho, General Manager, Banco Espirito Santo e Comercial de Lisboa, 320 )Park
Avenu, New York,New York 10022-6815. By copy of this letter, we hereby notify
the London Stock Exchange of the  setting of such record date in respect of the
above referenced Preference Shares.  From:  Pedro Simoes de Almeida
       Director END  DIVBZFFBKEKLBKV 

Arkle 2060 A (LSE:51JJ)
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Arkle 2060 A (LSE:51JJ)
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