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Media Release: Sale of Emerging Markets Fund Management

Document date:  Mon 08 Mar 1999
Published:  Mon 08 Mar 1999 00:00:00
Document No:  146174
Document part:  A
Market Flag:  N

HOMEX - Melbourne                                                     

Following its withdrawal from emerging markets trading activities and
the closure of London capital markets in 1998, ANZ today announced
completion of the sale of ANZ Emerging Markets Fund Management.

Ashmore Group Limited, a new company involving some of the unit's
management, emerged as the purchaser following an extensive tender
process managed by an external adviser.

For media enquiries, please contact:

Paul Edwards
Head of Group Media Relations