RNS No 1558r
STINGRAY LIMITED


FORMAL NOTICE FOR SPECIALIST SECURITIES


PUBLICATION DATE: 29 July 1999

______________________________________________________________________________


DETAILS OF ISSUE: EUR11,500,000 Floating Rate Secured Limited Recourse
                  Croatian Credit-Linked Notes Due 20 December 1999

ISSUER:           Stingray Limited
  
INCORPORATED IN:  Cayman Islands

GUARANTOR:        N/A

INCORPORATED IN:  N/A
            
  
Listing 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 listing particulars relating to the issue may also be obtained
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.

END

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