RNS No 2090c
SANWA AUSTRALIA FINANCE LIMITED


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
17-DEC-98.

Issue:              SANWA AUSTRALIA FINANCE (MTN) - SERIES 1
                    US$20,000,000 FRN/FIXED DUE 20/12/2006

ISIN NO:            XS0072257768        Payment Date    21/06/99 
Issue Nominal USD:  20,000,000.00
Period:             21-DEC-98           To          21-JUN-99
Number of Days:     182
Rate:               5.5925              PCT
Denomination USD:   100,000.00
Amount Payable      
Per Denomination:   2,827.32

From:
Jane Slate 
Global Trust Services, 380B
Telephone           44 (0) 1202 341286
Facsimile           44 (0) 1202 347939

END

RC ABSNKWOKUAAA
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