RNS No 9885f
DEPFA-BANK EUROPE PLC

FROM: 23/12/97

127) $5,000,000 2.75% LISD/DEM Linked Notes due 16/3/98

FULLY PAID
(Represented by Notes to Bearer of $10,000 each)

Issue Price:        100%

Issuer:             Clifford Chance 

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END

PS OCBCBPDDDPBB
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