78JC Ashtead 27

RNS No 7949v
MITSUBISHI CHEMICAL (UK) PLC
17th November 1998


TO: COMPANY ANNOUNCEMENTS OFFICE

RE:MITSUBISHI CHEMICAL (UK) PLC
YEN 1,000,000,000 SERIES 38 EMTN
DUE 19 NOVEMBER 2004
ISSUE DATE: 19 NOVEMBER 1997
ISIN: XS0082123505

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19NOV98 TO 19MAY99 HAS BEEN FIXED AT 0.08 PCT.

INTEREST PAYABLE VALUE 19MAY99 WILL BE:

YEN 39,671 PER YEN 100,000,000 DENOMINATION.
------------------------------------------------------------
IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL:  44 171 508 3857/3855 OR FAX:  44 171 508 3881.

FROM: RATEFIX DESK
      CITIBANK N.A., LONDON


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