RNS No 6048w
ENGLISH PROPERTY CORPORATION PLC
15th July 1997

CIRCULAR RE:  REDEMPTION OF THE 9 7/8 PER CENT. FIRST MORTGAGE DEBENTURE STOCK
              1997/2002 (THE "STOCK") OF ENGLISH PROPERTY CORPORATION PLC 
              (THE "COMPANY")

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END
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