RNS No 7472a
HAVEN FUNDING (32) PLC
23rd October 1998


Haven Funding (32) Plc has issued a further #11.15m of 7% bonds due 2032.  The
proceeds of the new bonds are to be on lent by Haven Funding (32) Plc to Mercian
Housing Association Limited.  The loan will be secured by rental cashflow from
a portfolio of social housing as well as cash and securities.  The increase
takes the total issue size to #93.5m.

For further information please call Philip Jenkins (0171 653 4878) or John
Shinton (0171 653 4877) at Royal Bank of Canada Europe Ltd.

END

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