RNS No 3839u
FLASH LTD,
OSCAR LTS, 
SOCRATES LTD,
PUNCH LTD, 
MAZE LTD,
SHUTTLE LTD
8th January 1998


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE: 8 January 1998

Application has been made to the London Stock Exchange for the following
securities to be admitted to the Official List:
______________________________________________________________________________

DETAILS OF ISSUE:   U.S.$3,000,000,000 Secured Euro Medium Term Note Programme
              
ISSUER:             Flash Ltd, Oscar Ltd, Socrates Ltd, Punch Ltd, Maze Ltd,
                    Shuttle Ltd

INCORPORATED IN:    Cayman Islands

GUARANTOR:          N/A

INCORPORATED IN:    N/A
                   

Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

The Chase Manhattan Bank
Trinity Tower
9 Thomas More Street
London E1 9YT

Copies of the particulars relating to the issue may also be obtained from the
London Stock Exchange, London Stock Exchange Tower, Old Broad Street (beside
main entrance), London EC2, for the two business days following the date of
this formal notice.


END

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