52HX Guin.ptnr 91/8%

RNS No 8621v
NORTHERN COUNTIES HOUSING ASSOCIATION LIMITED
15th June 1998

FORMAL NOTICE FOR SPECIALIST SECURITIES


PUBLICATION DATE: 15 June 1998


Application has been made to the London Stock Exchange for the following
securities to be admitted to the Official List:
______________________________________________________________________________



DETAILS OF ISSUE: #30,000,000 9.125 per cent. Guaranteed Secured Stock
                  2025      
                  

ISSUER:           Northern Counties Housing Association Limited

  
INCORPORATED IN:  England

                  
GUARANTOR:        Financial Security Assurance (U.K.) Limited
                   

INCORPORATED IN:  England

Particulars relating to the issue may be obtained during usual business hours
for fourteen days from the date of this formal notice from:

Winkworth & Pemberton         Northern Counties Housing Association Ltd
35 Great Peter Street         Princes Building    
Westminster                   15 Oxford Court
London                        Oxford Street
SW1P 3LR                      Manchester M2 3WQ    
 
Copies of the particulars relating to the issue may also be obtained from the
London Stock Exchange (Throgmorton Street entrance), Old Broad Street, London
EC2N 1HP for the two business days following the date of this formal notice.


END

FN SFIFIEUAUFFM

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