83NS Lanark M.i.2a1

RNS No 1431m
STINGRAY LIMITED


FORMAL NOTICE FOR SPECIALIST SECURITIES


PUBLICATION DATE: 9 July 1999

______________________________________________________________________________


DETAILS OF ISSUE: Euro 22,050,000 Floating Rate Secured Limited Recourse
                  Croatian Credit-Linked Notes due 27th November, 1999
 
ISSUER:           Stingray Limited
  
INCORPORATED IN:  Cayman Islands


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:


Dresdner Bank AG London Branch
20 Fenchurch Street
London EC3P 3DB

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

FN AWSVKKNKBRAR

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