RNS No 9367v
TISZAI VEGYI KOMBINAT RT


                          BUSINESS REPORT 1998
                    OF THE TISZAI VEGYI KOMBINAT RT
             FINANCIAL STATEMENTS AS OF 31 DECEMBER 1998
               PREPARED IN ACCORDANCE WITH HUNGARIAN
                         ACCOUNTING PRINCIPLES

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

END

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