RNS No 396m
SANWA AUSTRALIA FINANCE LTD
6th March 1998


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
06-MAR-98.

Issue:              SANWA AUSTRALIA FINANCE (MTN) - SERIES 12
                    US$10,000,000 FRN/FIXED DUE 10/9/2007

ISIN NO:            XS0079754494
Issue Nominal:      $10,000,000
Period:             10-MAR-98           To    10-SEP-98
Number of Days:     184
Rate:               6.21875             PCT
Denomination:       $100,000
Amount Payable      
Per Denomination:   $3,178.47


From:
John Patten
Global Trust Services, 380B
Telephone           44 (0) 1202 347935
Facsimile           44 (0) 1202 347939


END


RC ANOOKWUKORAR
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