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First Pacific Cptl (78JZ)


Tuesday 22 January, 2002

First Pacific Cptl

FirstPac Cancels US$8m CBs

First Pacific Capital (1997) Ld
22 January 2002

First Pacific Capital (1997) Limited

22 January 2002

Information on the repurchase of certain of the US$350 Million Convertible Bonds
due 2002 issued by First Pacific Capital (1997) Limited and guaranteed by and
convertible into shares of First Pacific Company Limited (the 'Bonds):

1.     Amount of Bonds acquired on 21-01-2002:     US$7,975,000.00

2.     Amount of Bonds outstanding on 21-01-2002:     US$166,698,000.00

3.     Whether the Bonds are to be cancelled:     Yes

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