RNS No 5379t
DEPFA BANK EUROPE PLC
11th November 1998

TO COMPANY ANNOUNCEMENTS OFFICE

RE:DEPFA BANK EUROPE PLC

ISIN NO:XS0083585595

PLEASE BE ADVISED THAT THE ISSUER HAS REPURCHASED AND CANCELLED
ITL 29.000.000.000 OF THE ABOVE ISSUE VALUE 121198. THE OUTSTANDING
UNDER THIS ISSUE ARE NOW ITL 271.000.000.000.

TRACEY EVANS
CORPORATE TRUST AND AGENCY SERVICES
TEL 44 171 982 1982
BANKERS TRUST COMPANY LONDON

END

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