78JC Ashtead 27

RNS No 3565x
MITSUBISHI CHEMICAL (U.K.) PLC
17 May 1999

RE:MITSUBISHI CHEMICAL
JPY 1,000,000,000 SERIES 38 EMTN
DUE NOVEMBER 2004
ISSUE DATE: 19 NOVEMBER 1997
ISIN: XS0082123505

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19MAY99 TO 19NOV99 HAS BEEN FIXED AT 0.319 PCT.

INTEREST PAYABLE VALUE 19NOV99 WILL AMOUNT TO :
JPY 160,811 PER JPY 100,000,000 DENOMINATION.
-------------------------------------------------------------

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 171 508 3857/3855 OR FAX:  44 171 508 3881.

FROM:

RATEFIX DESK
CITIBANK N.A., LONDON

END

RC ARMRBLLIBBJL

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