RNS No 6998t
ARGO COMPANY LIMITED
27th January 1999


Letter to: Company Announcements

ARGO COMPANY LIMITED
Debt Issuance Programme 2
USD 25,000,000 Index Linked Notes due 16th April 2000 (the "NOTES")
Series Number 2.43

Please be advised that this company has repurchased the principal amount of USD
16,000,000 of the above-mentioned issue for value 3rd February 1999, and that
these notes will subsequently be destroyed.

Letter from: Argo Company Limited


END

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