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Zenith Inv. Ld. (05NW)

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Tuesday 30 January, 2001

Zenith Inv. Ld.

Listing Particulars

Zenith Investments Ld
30 January 2001


FORMAL NOTICE FOR SPECIALIST SECURITIES

PUBLICATION DATE:      30th January 2001

Application has been made to the UK Listing Authority for the following
securities to be admitted to the Official List.

______________________________________________________________________________


DETAILS OF ISSUE:         U.S. $20,000,000 Secured Floating Rate State of 
                          Israel Linked Notes
  
ISSUERS:                  Zenith Investments Limited
                           
INCORPORATED IN:          Cayman Islands

GUARANTORS:               N/A 

INCORPORATED IN:          N/A

Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

The Chase Manhattan Bank
Trinity Tower
9 Thomas More Street
London E1 9YT

In addition, a copy of the Particulars is available for inspection at the
Document Viewing Facility at the Financial Services Authority, 25 The North
Colonnade, London E14 5HS.