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RESULTS OF RHONE-POULENC OFFERING TO BE ANNOUNCED

 PARIS, Jan. 22 /PRNewswire/ -- The following press release relating to Rhone-Poulenc (NYSE: RPR) was issued by the French Ministry of Economy and Finance:
 The results for the public offering of shares in Rhone-Poulenc which was announced on Jan. 18, 1993 and whose subscription orders were received in France between January 19 and 21, will be published on Monday January 25 at the end of the day, allowing the Societe des Bourse Francaise the time needed to centralize and check the orders.
 Initial available information shows that the offering has received a very favorable welcome from investors and the public and that should result in a large success.
 Moreover, on January 29 the French State will file a document concerning the public offer to exchange Preferred Investment Certificates (PICs) for Rhone-Poulenc ordinary shares using the ratio of one PIC for one ordinary share conforming to the announcement made on Oct. 29, 1992. This public exchange offer should start in the days which follow.
 At the same time, according to a similar calendar, Phone-Poulenc will propose a public offer to exchange Participating Shares Series A, issued outside of France by the Group, also announced on October 29 at a ratio of one PSSA for one ordinary share.
 -0- 1/22/93
 /CONTACT: Arvind K. Sood of Rhone-Poulenc, 908-821-3487/
 (RPR)


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

KD-TM -- NY073 -- 8107 01/22/93 17:23 EST
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Publication:PR Newswire
Date:Jan 22, 1993
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