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First Pacific Cptl (78JZ)


Tuesday 08 January, 2002

First Pacific Cptl

Fthr re Cancels Conv Bonds

First Pacific Capital (1997) Ld
8 January 2002

First Pacific Capital (1997) Limited

8th 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 07-01-2002:        US$39,810,000.00

2.     Amount of Bonds outstanding on 07-01-2002:     US$207,964,000.00

3.     Whether the Bonds are to be cancelled:         Yes


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