09:10     NISSHO N0503<01477> - Withdrawal of Listing                         

    Market participants are requested to note that listing of the Euroyen     
    Reverse Dual Currency Notes due 2005 issued by Nissho Iwai HK (Cayman)    
    Ltd. (stock code: 1477) will be withdrawn after the close of business     
    today (22/03/2005).