RNS No 7399j
MISR INTERNATIONAL BANK
1st July 1997

GLOBAL OFFERING OF GLOBAL DEPOSITARY SHARES ("GDSs") OF MISR INTERNATIONAL BANK
("MI BANK") EACH GDS REPRESENTING 10 SHARES

Pursuant to core dealing rule 2.13 Merrill Lynch International, notifies you
that it is stabilising manager in the UK in connection with the above
transaction.  We confirm the following:

1)  The securities concerned are the GDSs.
2)  The stabilising manager is Merrill Lynch International (contact: David
    Jennison - Tel: 0171 867 3700)
3)  Stabilisation transactions may occur from 24 June 1997 for 30 days
    thereafter.
4)  The issue price of the GDSs is U.S. $15.80.
5)  Stabilisation may occur on SEAQ Internatinal.

END