RNS No 2758q
DEPFA BANK PLC

FROM:     6-1-98

159) ITL 15,000,000,000 STEP-UP INSTRUMENTS DUE 16/4/2004
                        FULLY PAID
                        (Represented by Notes to Bearer of ITL 5,000,000 each)

Issue Price:        90.45%

Issuer:             CLIFFORD CHASE

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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