RNS No 1532x
STINGRAY LIMITED

ISIN:               XS0098937765                  FROM:     29/07/99

1999-8) EUR11,500,000 FLOATING RATE SECURED LIMITED RECOURSE CROATIAN
CREDIT-LINKED NOTES DUE 20/12/1999

FULLY PAID                                        YIELD:    ACTUAL/360

(REPRESENTED BY NOTES TO BEARER OF EUR100,000 EACH)    

ISSUE PRICE:        100%

ISSUER:             DEUTSCHE BANK AG LONDON

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

END

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