RNS No 7474c
DEPFA BANK EUROPE PLC
5th January 1999


RE: DEPFA BANK EUROPE PLC
    ITL20,000,000,000
    181197 - 180104
    ISIN NO. XS0082156851

KINDLY BE ADVISED THAT THE ISSUER IS TO EXERCISE THE CALL OPTION OF
ITL20 BILLION  OF THE ABOVE MENTIONED SECURITY VALUE  18-01-1999
KINDLY AMEND YOUR RECORDS ACCORDINGLY.

TRACEY EVANS
CORPORATE TRUST
BANKERS TRUST COMPANY LONDON

END

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