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RHONE-POULENC INFORMATION ON ESTIMATED RESULTS FOR 1992

 /NOTE TO EDITORS: The following is a press release containing excerpts of an interview conducted by Mr. Jean Pierre Tirouflet, chief financial officer of the Rhone-Poulenc Group. The full text of this interview is being published in this morning's edition of the French newspaper "Le Figaro."
 Call Arvind K. Sood of Rhone-Poulenc Inc., if you have any questions, though at this time there is no additional information on year-end results. The company will be releasing 1992 earnings results on Feb. 17, 1993./
 PARIS, Jan. 14 /PRNewswire/ -- Responding to questions from "Le Figaro" during an interview published today, on the effects of the current economic climate on Rhone-Poulenc's business, Jean-Pierre Tirouflet, Group Chief Financial Officer, notable remarked:
 "The most difficult time to reply precisely is just before the closing of our accounts. For 1992, we anticipated a 10 percent increase in operating income as compared with the previous year. Today, we have the impression that we will be a little below it. In spite of the good efforts made by the Health sector, the end of the year was difficult for chemicals due to the decline of the dollar and the delay in the purchasing of agrochemicals which will result in a transfer of results from 1992 to 1993. For these reasons, the range of the increase in operating income of 5 to 10 percent which is circulating in the financial markets seems to be a good range."
 "We generated more than FF 4 billion in divestments which is more than the initial forecast of FF 3 billion. In terms of capital gains on divestments, we should be around FF 1 billion. For these reasons, and thanks to the decline in our financial expenses, the 1992 net income will also increase as compared with 1991."
 "In 1992, our operating income should again increase despite a very difficult economic climate. More importantly, Rhone-Poulenc should once again have a positive cashflow, which signifies that after we have paid our financial expenses, our dividend, our capital expenditures and our additional working capital needs, we will still have a significant amount in the bank. This is a new situation for the group. And if the expected -- but not budgeted for -- decline in interest rates effectively follows, the effect will be noticeable in our cashflow and our results."
 "For the moment, we are maintaining our objective of a net debt to equity ration of 0.5 by the end of 1994...At the end of 1992, the ratio should be less than 0.8."
 -0- 1/14/93
 /CONTACT: Arvind Sood of Rhone-Poulenc, Inc., 908-821-3487/


CO: Rhone-Poulenc ST: New Jersey IN: SU: ERP

SH-LR -- NY016 -- 4769 01/14/93 10:07 EST
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Date:Jan 14, 1993
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