RNS No 7277k
BURTON GROUP PLC
1st July 1997

REDEMPTION OF ZERO COUPON SECURED BONDS 1997 OF REDCASTLE PLC,
A WHOLLY OWNED SUBSIDIARY OF THE BURTON GROUP PLC

It is hereby announced that pursuant to the terms of the Trust
Deed  constituting #100,000,000 Zero Coupon Secured Bonds 1997
(the  "Bonds") dated 30th June 1992 between Redcastle plc (the
"Company") and The Law Debenture Trust Corporation p.l.c., all
Bonds  were  redeemed yesterday at their principal  amount  in
accordance with Condition 5(A) of the terms and conditions  of
the  Bonds.   Pursuant  to the terms of  the  Trust  Deed  and
related documents, the sum of #100,000,000, being a proportion
of   the   proceeds  of  sale  of  the  Company's  development
properties  to  Prudential Assurance Company  Limited  in  May
1994,  has been held on deposit pending its use for redemption
of the Bonds



  The Burton Group plc.  Registered in England.  Company No.
                            237511
     Registered Office: 214 Oxford Street  London  W1N 9DF


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