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Mannesmann Plans Further Bond for Refinancing

25 August 1999

Mannesmann Plans Further Bond for Refinancing

    DUSSELDORF, Germany, Aug. 25 -- Mannesmann will issue a
further Eurobond with a five year maturity via Mannesmann Finance B.V.,
located in the Netherlands.  The bookbuilding process will start as of today,
August 25, 1999.
    The proceeds from this issue are again intended to serve the refinancing
of the outstanding short term debt which was incurred due to the successful
acquisition of majority stakes in the Italian telecommunications companies
Omnitel and Infostrada.
    The issue will be launched by a banking syndicate under the lead of
Deutsche Bank, Dresdner Bank and Warburg Dillon Read.