Sanwa Australia Fin. - FRN Variable Rate Fix

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RNS No 9287v
SANWA AUSTRALIA FINANCE LIMITED
20th November 1998


To:    Company Announcements Office

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

Issue:              Sanwa Australia Finance Limited US$50,000,000
                    Guaranteed Floating / Fixed Notes due May 2006

ISIN NO:            XS0066258517                    Payment Date 24-05-1999
Issue Nominal:      USD50,000,000.00
Period:             24-Nov-1998         To          24-May-1999
Number of Days:     181
Rate:               5.62313
Denomination:       USD100,000.00
Amount Payable      
Per Denomination:   2,827.18


From:
Jane Slate 
Global Trust Services, 380B
Telephone           44 (0) 1202 341286
Facsimile           44 (0) 1202 347939


END

RC AROOKWRKAUAA

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