RNS Number:4480B
Stirling Water Seafield Finance PLC


FORMAL NOTICE FOR SPECIALIST SECURITIES


PUBLICATION DATE: 26 November 1999

______________________________________________________________________________


DETAILS OF ISSUE: Further Issue of #29.6m 5.822% Guaranteed Secured Bonds
                  Due 2026
                  
ISSUER:           Stirling Water Seafield Finance Plc
  
INCORPORATED IN:  Scotland

GUARANTOR:        MBIA Assurance S.A.

INCORPORATED IN:  France
            
  

Listing Particulars relating to the issue may be obtained during usual
business hours for fourteen days from the date of this formal notice from:


McGregor Donald
63 Queen Victoria Street
London
EC4N 4ST


Copies of the listing particulars relating to the issue may also be obtained
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.



END
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