EPORTS NO ECD CONVERTED IN JUL
11 August 1997
                            
                                Loxley  Plc  announced  in  the  25th  ECD conversion held in Jul 1997 
there  was  no holder attending at all. Previously, LOXLEY issued US$100 m 
valued  ECDs  on  Apr  20-May 20, 1995 entirely offered to foreigners with 
put option.
                            
                         
                                 
                                 
                                 
                                