From a K-S(0) and Lambda enriched data sample the rare Pontecorvo reactions
(p) over bar d --> Lambda K-0 and (p) over bar d-->Sigma(0)K(0) were clear
ly observed for the first time. Analyses for missing K-L(0) or charged deca
ying K-S(0) in the final state show surprisingly similar branching ratios (
approximate to 2.10(-6)) for both reactions. This rules out a description o
f these reaction by a two step mechanism and favours strongly a model of a
statistically decaying fireball, formed in the annihilation process. From c
omparison to the channel (p) over bar d --> p pi(-) open strangeness is fou
nd to be produced at a level of 10%. Additional reactions of the Pontecorvo
type were identified where the recoiling baryon is a neutron and the meson
decays to (KSKS0)-K-0.