Paribas Capital Mkts

Purchase of Own Securities

PARIBAS CAPITAL MARKETS GROUP LIMITED
16 September 1999

Letter to Company Announcements Office

             Paribas Capital Markets Group Limited ('the Company')
                          Purchase of Warrants

In accordance with paragraph 15-15 of the Listings Rules, we write to inform you
that the Company has made the following purchases of its Warrants relating to
the Eurotop 100 Index: -

                                  Amount Purchased     Amount Remaining

Series A                            4,500,000             500,000
Series B                            4,500,000             500,000
Series C                            4,500,000             500,000
Series D                            4,500,000             500,000
Series E                            4,500,000             500,000
Series F                            4,500,000             500,000
Series G                            4,500,000             500,000
Series H                            4,500,000             500,000
Series I                            4,500,000             500,000
Series J                            4,500,000             500,000
Series K                            4,500,000             500,000
Series L                            4,500,000             500,000
Series M                            4,500,000             500,000
Series O                            1,800,000             200,000

All of the warrants acquired are to be cancelled.

Letter from Paribas Capital Markets Group Limited