33JQ Arkle 1bs

RNS No 2272q
SANWA AUSTRALIA FINANCE LIMITED


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
15-JAN-99.

Issue:                  SANWA AUSTRALIA FINANCE LIMITED - SERIES 16
                        US$8,000,000 (MTN) FRN DUE 16/7/08

ISIN NO:                XS 0088986772   Payment Date 16/04/99
Issue Nominal USD:      8,000,000.00
Period:                 19-JAN-99       To        16-APR-99
Number of Days:         87
Rate:                   5.76984
Denomination USD:       1,000,000.00
Amount Payable          
Per Denomination:       13,943.78


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


END

RC AVASKKOKAAAR

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