Annual dividend payable to shareholders

The Board of Directors of the Bank for International Settlements has decided to propose to the Annual General Meeting to be held on 7 June 1999 the distribution of a dividend of 320 Swiss francs per share for the financial year ended on 31 March 1999.

This dividend will be payable on 1 July 1999 to shareholders registered in the Bank's books as at 20 June 1999.