54NV Dp World 30 U

RNS Number:4559B
Naples (Province of)
25 November 1999

To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
25-NOV-1999.

Issue:              PROVINCE OF NAPLES - SERIES 1
                    EUR33,714,000 (MTN) FRN DUE 27/5/2014

ISIN NO:            XS0097828189             Payment Date: 29-MAY-2000
Issue Nominal EUR:  33,714,000.00
Period:             29-NOV-1999     To      29-MAY-2000
Number of Days:     182
Rate:               3.645                    Pool Factor:  0.93334
Denomination EUR:   933.34
Amount Payable
Per Denomination:   17.20

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939

END

RC AVSOKKBKAUAA

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