RNS No 4981x
DEPFA BANK EUROPE PLC

FROM 12.1.98

137) CHF 25,000,000 1.65% NOTES DUE 15.1.99

FULLY PAID
(REPRESENTED BY NOTES TO BEARER OF CHF 100,000 EACH)

IP  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 FCCCKPDKDQDK
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