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FRENCH MINISTRY ISSUES STATEMENT ON RHONE-POULENC OFFERING

 PARIS, Jan. 26 /PRNewswire/ -- The following was issued today by the French Ministry of Economy and Finance:
 The information available concerning the French State offering of Rhone-Poulenc shares already shows the following results:
 The French tranche was heavily oversubscribed with 12.3 million shares being requested for the 2.7 million on offer. Approximately one million shares were ordered in the form of 100,000 A shares which guarantee the public the right to receive 10 shares. These figures show that the offer was warmly received by the public.
 Due to the overwhelming demand, it has been decided to increase the French offer of Rhone-Poulenc shares by 255,000, taking them from the international tranche, as provided for under the terms of the offering.
 Outside France, on the international and American markets, the demand was three times higher than the offer.
 Concerning the tranche reserved for employees, information about employees resident in France is the only information available at present. This shows, however, that more than 200,000 shares were requested by approximately 30 percent of the personnel.
 The public offering of Rhone-Poulenc ordinary shares in the French and non-French markets constitutes a large success.
 Commenting on these results, Michel Sapin, French Minister for Economy and Finance said, "the success of the Rhone-Poulenc operation is considerable. It confirms the confidence of the investors in the development prospects of the company and in that of the market in Paris."
 -0- 1/26/93
 /CONTACT: Arvind Sood of Rhone-Poulenc, 908-821-3487/


CO: Rhone-Poulenc ST: IN: SU: OFR

SM-TS -- NY036 -- 6305 01/26/93 10:51 EST
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Publication:PR Newswire
Date:Jan 26, 1993
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