RNS Number:0881B
Shinhan Bank
18 November 1999


To:   Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
18/Nov/99.

Issue:              Shinhan Bank (MTN) - Series 4
                    US$100,000,000 Due 21/8/2000
ISIN NO:            XS0068596823         
Issue Nominal USD:  100,000,000.00
Period:             22/Nov/1999  To  22/Feb/2000   Payment Date  22/Feb/2000
Number of Days:     92
Rate:               6.35375 
Denomination USD:   10,000.00      500,000.00     1,000,000.00
Amount Payable
Per Denomination:   162.37         8,118.68       16,237.36

From:
Jane Slate                           Telephone 44 (0) 1202 34 1286
Capital Markets Fiduciary Services   Facsimile 44 (0) 1202 34 7939


END
RC FFAFIAUUUFDF
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