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OrixAustraliaSecPty (68MS)

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Monday 01 September, 2003

OrixAustraliaSecPty

Doc re. Pricing Supplement

Orix Australia (Securities) Pty Ltd
01 September 2003


Pricing Supplement

Issuer:                           Orix Australia (Securities) Pty
Series Number                     38
Description:                      JPY5,000,000,000
Currency/ Principal Amount:       Japanese Yen
Issue Price:                      100 per cent
Specified Denomination            JPY 100,000,000
Issue Date:                       11 August 2003
Maturity Date:                    11 August 2004
ISIN:                             XSO174293026

     A copy of the above document has been submitted to the UK Listing Authority
      and will shortly be available for inspection at the UK Listing Authority's
                                Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade Canary Wharf
London
E14 5HS

Tel. no. (0)20 7066 1000

(Documents will normally be available for inspection within six normal
business hours of this notice being given).


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