RNS No.1899v
BRITISH STEEL PLC
9 September 1999

SCHEME OF ARRANGEMENT
COMPANY NAME
*BRITISH STEEL PLC
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *BS.
SEDOL CODE              *141-147
TERMS                   *For Each Ord Share of 50p in British Steel
                         Shareholders will receive:
                         1 Ord Shr of 50p in BSKH & either 35p in cash or
                         35p Nominal amount of BSKH Loan Notes.     
DEALING COMMENCE NEW SHS*06-10-99
PROVISIONAL EX ALL DATE *06-10-99
RECORD DATE             *05-10-99
NOTES                   *

END



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