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OrixAustraliaSecPty (68MS)

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Wednesday 19 May, 2004

OrixAustraliaSecPty

Doc re. Pricing Supplement

Orix Australia (Securities) Pty Ltd
19 May 2004



Pricing Supplement
Issuer:                           ORIX Australia (Securities) Pty Ltd
Series Number                     48
Description:                      JPY4,000,000,000
Currency/ Principal Amount:       Japanese Yen
Issue Price:                      100 per cent
Final Exercise Date
Issue Date:                       17 May 2004
Maturity Date:                    27 April 2005
ISIN:                             XS0191932333

     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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