KG International

Purchase of Own Securities

KG International Trade & Finance PLC
24 November 1999


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

                         Euro Medium Term Note Programme

We wish to inform you that we have today repurchased all of the following issue
of Notes (the 'Notes') made under our Euro Medium Term Note Programme and listed
on the London Stock Exchange:

                    Series No.47 JPY 3,000,000,000 Fixed Rate Notes
                    Due 6th November 2000 (Issue Date 31st July 1995)

The Notes will be cancelled by us, after which cancellation none of this issue
of Notes will remain outstanding.


LETTER FROM:   KG INTERNATIONAL TRADE & FINANCE PLC