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THE BODY SHOP INTERNATIONAL ESTABLISHES A SPONSORED ADR PROGRAM WITH MORGAN STANLEY TRUST COMPANY

 LONDON, Aug. 6 /PRNewswire/ -- The Body Shop International Plc, which manufactures and sells naturally based cosmetics and skin and hair care products, announced today that it has established a sponsored American Depositary Receipt (ADR) program. Each ADR will represent five ordinary shares of The Body Shop, and will begin trading today in the over-the-counter market. Morgan Stanley Trust Company, a subsidiary of Morgan Stanley Group, will act as depositary for the ADRs. Approximately 10 percent of the issued capital is already held by U.S. investors.
 "The ADR program will provide an efficient mechanism for U.S. investors to hold our shares and enable the company to properly communicate with those shareholders," said Gordon Roddick, chairman of The Body Shop International Plc.
 The Body Shop International Plc, which began in Brighton, England, in 1976, has 950 shops in 42 countries, 135 of which are in the United States. The company produces in excess of 400 personal-care products, including shampoos, soaps, fragrances, body oils, powders, moisturizers and cleansers from naturally based ingredients and processes throughout the world.
 -0- 8/6/93
 /CONTACT: Anthony Gallagher of Morgan Stanley Trust Company, 718-754-4607/


CO: The Body Shop International Plc ST: IN: REA SU:

TS -- NY011 -- 0185 08/06/93 08:46 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
Words:208
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