RNS No 2249j
STINGRAY LIMITED


ISIN:  XS0098087876              FROM: 12/07/99     

1999-5) EUR22,050,000 FLOATING RATE SECURED LIMITED RECOURSE CROATION CREDIT
LINKED NOTES DUE 27/11/1999

FULLY PAID 
(Represented by Notes to Bearer of EUR150.000 EACH)


Issue Price: 100.04%        

Issuer:  ALLEN & OVERY             

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


END

PS SSUFWUUUUFEW
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