Source - RNS
RNS Number : 6005T
MALT HILL NO.1 PLC
13 October 2017
 

MALT HILL NO.1 PLC
(THE "ISSUER")

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT IMMEDIATELY YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000

 

NOTICE TO THE HOLDERS OF

the outstanding

£263,300,000 Class A Mortgage Backed Floating Rate Notes due 27 August 2053

(ISIN: XS1396865781)
(the "Class A Notes")

 

1        This Notice is supplemental to a notice dated 9 October 2017 (the First Notice), a copy of which is scheduled to this Notice. In the First Notice, the Issuer proposed a resolution in connection with the matters described therein and set a Voting Deadline of 16.00 p.m. (London time) on 13 October 2017. Under the terms of the First Notice, the Issuer reserved the right to extend the Voting Period described in the First Notice at its option.

2        The Issuer hereby extends the Voting Deadline to 16:00 p.m. (London time) on 27 October 2017 (the New Voting Deadline).

3        Noteholders who have already submitted their instructions in respect of the resolution need take no further action. Noteholders who have not yet submitted their instructions are urged to do so as soon as possible and, in any event, prior to the New Voting Deadline.

4        Noteholders should read the First Notice and the instructions for voting as set out therein.

5        All references in the First Notice to the "Voting Deadline" shall be construed as references to 16:00 p.m. (London time) on 27 October 2017.

6        All terms used but not defined herein shall have the meaning given to them in the First Notice.

7        If the Noteholders have any questions or require any clarifications with respect to the information set out in this Notice, the First Notice or the attached resolution, they may contact the Issuer at the address below.

 

This Notice is given by Malt Hill No.1 plc on Friday, 13 October 2017.

Malt Hill No.1 plc
35 Great St. Helen's
London EC3A 6AP

 

 

Schedule

MALT HILL NO.1 PLC
(THE "ISSUER")

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT IMMEDIATELY YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000

 

NOTICE TO THE HOLDERS OF

the outstanding

£263,300,000 Class A Mortgage Backed Floating Rate Notes due 27 August 2053

(ISIN: XS1396865781)
(the "Class A Notes")

 

1        We refer to the Class A Notes and to the trust deed dated 2 June 2016 between, amongst others, the Issuer, Citicorp Trustee Company Limited as trustee and UK Mortgages Corporate Funding Designated Activity Company as the Class Z VFN holder, pursuant to which the Class A Notes were issued (the "Trust Deed").

2        Unless otherwise defined in this notice, words and expressions defined in the Trust Deed have the same meaning when used in this notice.

3        On 14 August 2017, the Issuer was made aware that certain Mortgage Loans ("Relevant Mortgage Loans") which have been the subject of a Product Switch subsequently may not comply with Asset Conditions (o) and/or (m) on the relevant Monthly Test Date (the "Relevant Breaches"). Following this, the Issuer published a notice on 16 August 2017 (RNS Number: 1947O) informing Noteholders of such Relevant Breaches and delivered an initial notice to the Beneficial Title Seller on 4 September 2017 pursuant to the Mortgage Sale Agreement requesting that the Beneficial Title Seller enter into discussions with the Issuer to resolve the Relevant Breaches.

4        Following such discussions and in order to remedy the Relevant Breaches, the Issuer proposes to (the "Proposed Amendments"):

(a)        amend Asset Condition (o) at clause 6.4(o) (Asset Conditions) of the Mortgage Sale Agreement such that fixed rate Mortgage Loans with a fixed rate term of not more than 5 years and 9 months from the relevant Advance Date or Switch Date (as applicable) shall not constitute a breach of the Asset Conditions;

(b)        amend Asset Condition (m) at clause 6.4 (m) (Asset Conditions) of the Mortgage Sale Agreement such that the minimum margin requirement shall be calculated as 1.20 per cent over the lower of (i) the sum of (x) the breakeven swap rate and (y) the reset spread or (ii) the additional pool fixed rate (in each case, as calculated in accordance with the Interest Rate Swap Agreement);

(c)        modify the testing of Asset Condition (o) such that it is tested at the same time as Asset Conditions (m) and (g), such that such Asset Conditions (o), (m) and (g) only need to be complied with on and from the Interest Payment Date immediately following the end of the calendar month in which the relevant Switch Date occurs);

(d)        amend the Interest Rate Swap Agreement such that Issuer and the Interest Rate Swap Provider may agree a lower additional pool fixed rate in respect of each Mortgage Loan from time to time; and

(e)        make consequential amendments to the Interest Rate Swap Agreement such that any Mortgage Loan, including the Relevant Mortgage Loans, which meet the Asset Conditions as amended by the amendment deed in the form set out in Annex 1 (Amendment Deed) to the Proposed Resolutions (as defined below) (the "Amendment Deed") shall continue to form part of the notional on and from the notional determination date falling in July 2017 under the Interest Rate Swap Agreement.

5        To implement the Proposed Amendments, the Issuer is seeking the approval of Noteholders holding not less than 75 per cent. of the aggregate Principal Amount Outstanding of the Class A Notes then outstanding, to be given by way of an Electronic Consent to the terms of the proposed resolutions (the "Proposed Resolutions") as set out in Schedule 1 (Proposed Resolutions), and to approve, instruct and direct the entry by the Trustee into the Amendment Deed.

6        The Beneficial Title Seller has approached each of Fitch and Moody's (the "Rating Agencies"), and each Rating Agency has reviewed the Proposed Amendments. The Beneficial Title Seller understands that the ratings of the Class A Notes will not be affected or downgraded following the implementation of the Proposed Amendments.

7        Pursuant to the Trust Deed, for so long as all the outstanding Class A Notes are represented by the Temporary Global Notes and/or the Permanent Global Notes and held within the Clearing Systems, then, in respect of any resolution proposed by the Issuer (i) where the terms of the Proposed Resolutions have been notified to the Noteholders through the relevant Clearing Systems, each of the Issuer and the Trustee shall be entitled to rely upon approval of such resolution proposed by the Issuer or the Trustee (as the case may be) given by way of electronic consents communicated through the electronic communications systems of the relevant Clearing Systems in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. of the aggregate Principal Amount Outstanding of the Class A Notes ("Electronic Consent") and the Proposed Resolutions approved by way of an Electronic Consent shall take effect as an Extraordinary Resolution and shall be binding upon all Class A Noteholders and also upon the Class Z VFN Holder.

8        Noteholders are urged to take steps to arrange for voting for or against the Proposed Resolutions by Electronic Consent as detailed below as soon as possible and, in any case, on or before 16.00 p.m. (London time) on Friday, 13 October 2017 (the "Voting Deadline"), the period from the date of this notice until the Voting Deadline, being the "Voting Period".

9        In accordance with normal practice, the Trustee expresses no opinion on the information described above, on the Amendment Deed, or on the Proposed Resolutions and recommends that any Noteholders who are in any doubt as to the information described above or as to what action they should take with regard to the Proposed Resolutions should seek their own independent financial and legal advice. Further, the Trustee has not been involved in the formulation of the terms of the Proposed Resolutions and expresses no views on the Proposed Resolutions, the Amendment Deed or its terms or this notice and nothing in this notice or in the Proposed Resolutions or the Amendment Deed should be construed as a recommendation to the Noteholders from the Trustee to either approve or reject the Proposed Resolutions proposed. The Trustee is not responsible for, and has no liability in relation to, the accuracy, completeness, validity or correctness of the statements made or documents referred to in this notice or in the Proposed Resolutions or in the Amendment Deed or for any omissions from the Proposed Resolutions or this notice or for any written or oral information made available to any person receiving this notice or its advisers and any such liability is expressly disclaimed.

10      Voting

The attention of the Noteholders is drawn, in particular, to the voting procedures of Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme (the "Clearing Systems") set out below.

Clearing System Procedures

The Class A Notes are currently represented by the Global Notes deposited with Euroclear Bank S.A./N.V. as common safekeeper for the Clearing Systems.

In respect of the Class A Notes which are represented by the Global Notes and held within the Clearing Systems, the Issuer shall notify the Noteholders of the terms of the Proposed Resolutions through the Clearing Systems. Each of the Issuer and the Trustee shall be entitled to rely upon approval of the Proposed Resolutions given by way of electronic consents communicated through the electronic communications systems of the relevant Clearing Systems in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. of the aggregate Principal Amount Outstanding of the Class A Notes (the "Requisite Percentage") by the close of business on the Voting Deadline.

Noteholders should note that in order to provide their approval to the Proposed Resolutions, direct participants in the Clearing Systems ("Accountholders") must ensure that:

(a)        they give electronic voting instructions (each an "Electronic Consent Instruction") to the relevant Clearing System (in accordance with its procedures) TO APPROVE the Proposed Resolutions such that the electronic consents will be communicated to the Issuer and the Trustee on or before the Voting Deadline. By submitting or delivering an Electronic Consent Instruction through the Clearing Systems in respect of the Proposed Resolutions, Accountholders are deemed to authorise the relevant Clearing System to disclose the identity and holdings of the Accountholders and of the beneficial owners of the Class A Notes (the "Beneficial Owners") to the Trustee; and

(b)        the relevant Clearing System has received irrevocable instructions (with which such Accountholders have complied) to block the Class A Notes in the securities account to which they are credited from and including the day on which that Electronic Consent Instruction is delivered to the relevant Clearing System so that no transfers may be effected in relation to such Class A Notes at any time after such date until the first to occur of (1) if the Proposed Resolutions are approved by the Requisite Percentage, the date of the Amendment Deed; and (2) if the Proposed Resolutions are not approved by the Requisite Percentage, the business day in London immediately following the Voting Deadline. The Class A Notes should be blocked in accordance with the relevant procedures of the relevant Clearing System and the deadlines required by such Clearing System. Accountholders who do not wish to approve the Proposed Resolutions need take no action.

Accountholders are requested to confirm deadlines with their respective custodians as further procedural deadlines may exist. This will ensure any approval will be received by the Clearing Systems before the Voting Deadline.

Beneficial Owners of the Class A Notes which are not direct participants in the Clearing Systems must contact their broker, dealer, bank, custodian, trust company or other nominee to arrange for the Accountholders in the relevant Clearing System through which they hold the Class A Notes to deliver an Electronic Consent Instruction in accordance with the requirements of such Clearing System and procure that the Class A Notes are blocked in accordance with the normal procedures of such Clearing System and the deadlines imposed by such Clearing System.

NOTEHOLDERS SHOULD NOTE THAT:

(A)          THE VOTING PERIOD MAY BE EXTENDED BY THE ISSUER AT ITS OPTION OR AT THE REQUEST OF ANY NOTEHOLDER (IN THE ISSUER'S SOLE DISCRETION) BY THE ISSUER GIVING NOTICE THEREOF TO NOTEHOLDERS THROUGH THE CLEARING SYSTEMS; AND

(B)          ANY VOTES SUBMITTED BY A NOTEHOLDER VIA THE RELEVANT ACCOUNTHOLDER TO THE RELEVANT CLEARING SYSTEM DURING THE VOTING PERIOD MAY BE CHANGED BY THE RELEVANT ACCOUNTHOLDER DURING THE VOTING PERIOD ONLY PRIOR TO THE VOTING DEADLINE SUBJECT TO AND IN ACCORDANCE WITH THE PROCEDURES OF THE RELEVANT CLEARING SYSTEMS.

11      If the Noteholders have any questions or require any clarifications with respect to the information set out in this Notice or the attached Proposed Resolutions, they may contact the Issuer at the address below.

 

This Notice is given by Malt Hill No.1 plc on Monday, 9 October 2017

Malt Hill No.1 plc
35 Great St. Helen's
London EC3A 6AP

 

Schedule 1
Proposed Resolutions

MALT HILL NO.1 PLC
(THE "ISSUER")

£263,300,000 Class A Mortgage Backed Floating Rate Notes due 27 August 2053

(ISIN: XS1396865781)

Noteholders are being asked to consider and, if thought fit, to approve the following resolution as set out below by way of Electronic Consent. Pursuant to paragraph 21 (Written Resolution and Electronic Consent) of Schedule 6 (Provisions for Meetings of Noteholders) of the Trust Deed, an approval of this resolution given by way of electronic consents communicated through the electronic communications systems of the relevant Clearing Systems in accordance with their operating rules and procedures by or on behalf of the holders of not less than 75 per cent. of the aggregate Principal Amount Outstanding of the Class A Notes by close of business on the Voting Deadline shall take effect and will be binding on Noteholders (whether or not they participated in such Electronic Consent) as if they were an Extraordinary Resolution.

RESOLUTION

"THAT THE HOLDERS OF THE OUTSTANDING CLASS A NOTES HEREBY IRREVOCABLY RESOLVE TO:

(i)       assent to and sanction, and authorise, direct, request and empower the Trustee to assent to amendments to the Asset Conditions and the following Transaction Documents in the form set out in the amendment deed in the form set out in Annex 1 (Amendment Deed) (the "Amendment Deed"):

(a)        the Mortgage Sale Agreement; and

(b)        the Interest Rate Swap Agreement;

(ii)      authorise, direct, request and empower the Trustee (i) to concur in, and execute, the Amendment Deed, to effect the amendments referred to in paragraph (i) of this resolution, and (ii) to concur in, execute and do all such other deeds, instruments, acts and things as may be necessary or desirable to carry out and give effect to this resolution;

(iii)     discharge and exonerate the Trustee from all liability for which it may have become or may become responsible under the Trust Deed, any other Transaction Document or the Notes in respect of any act or omission in connection with this resolution or its implementation, the amendments referred to in paragraph (i) of this resolution or the implementation of this resolution; and

(iv)      sanction and assent to every abrogation, variation, amendment, modification, compromise or arrangement in respect of the rights of the Noteholders against the Issuer or against any of their property whether such rights shall arise under the Trust Deed or otherwise be involved in or resulting from the amendments referred to in paragraph (i) of this resolution and the implementation of this resolution.

WE HEREBY ACKNOWLEDGE THE FOLLOWING:

(i)       that in accordance with accepted and usual practice, the Trustee, its directors, employees or affiliates express no view on the merits of the amendments referred to in this resolution or their impact on the interests of existing Noteholders;

(ii)      none of the Trustee or any of its directors, employees or affiliates have independently verified the information contained herein, or the completeness or accuracy of that information, or any other information provided by the Issuer in connection with this resolution or the amendments referred to in this resolution;

(iii)     the Trustee has not been involved in the preparation of this resolution and any documents prepared in connection with it (including, but not limited to, the Amendment Deed) and nothing herein shall constitute a recommendation, representation, warranty or undertaking to us by the Trustee. We acknowledge that we have independently investigated and evaluated this resolution and entered into this resolution accordingly;

(iv)      none of the Trustee (or any of its directors, employees, affiliates or advisers) accepts any responsibility to the Noteholders in relation to the impact of the amendments set out in the Amendment Deed or this resolution on the Noteholders' tax or accounting affairs."

Annex 1
Amendment Deed

 

 

 

 

 

Dated ---___________________ 2017

 

UK MORTGAGES CORPORATE FUNDING DESIGNATED ACTIVITY COMPANY
as Beneficial Title Seller

and

GODIVA MORTGAGES LIMITED
as Legal Title Holder

and

MALT HILL NO.1 PLC
as Issuer

and

CITICORP TRUSTEE COMPANY LIMITED
as Trustee

and

COVENTRY BUILDING SOCIETY
as Servicer

and

BNP PARIBAS
as Interest Rate Swap Provider

 

AMENDMENT DEED

relating to the Mortgage Sale Agreement and Interest Rate Swap Agreement each dated 2 June 2016 in connection with the issue by the Issuer of £263,300,000 Class A Mortgage Backed Floating Rate Notes due August 2053 and up to £150,000,000 Class Z Mortgage Backed Variable Funded Note due August 2053

 

 

 

AMENDMENT AGREEMENT

relating to a facility agreement and asset management agreement dated 10 December 2015 and 11 December 2015 respectively

 

 

Ref: L-262903

 

Linklaters LLP

 

This Deed (this "Deed") is dated ___________________ 2017 and made between:

(1)        UK MORTGAGES CORPORATE FUNDING DESIGNATED ACTIVITY COMPANY, a designated activity company limited by shares and incorporated under the laws of Ireland with registered number 567943, acting through its office at 5 George's Dock, I.F.S.C., Dublin 1, Ireland (the "Beneficial Title Seller");

(2)        GODIVA MORTGAGES LIMITED, a private limited company incorporated under the laws of England and Wales, registered under number 05830727 whose registered office is at Oak Tree Court, Binley Business Park, Harry Weston Road, Coventry, CV3 2UN (the "Legal Title Holder", which expression shall include such person holding legal title to the Mortgage Loans and the Related Security for the time being);

(3)        MALT HILL NO.1 PLC, a public limited company incorporated in England and Wales whose registered office at 35 Great St Helen's, London EC3A 6AP (company number 10024253) (the "Issuer");

(4)        CITICORP TRUSTEE COMPANY LIMITED, a limited company incorporated under the laws of England and Wales with registered number 235914, acting through its office at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, acting pursuant to and in accordance with the provisions of the Trust Deed and with the benefit of the protections set out therein (the "Trustee");

(5)        COVENTRY BUILDING SOCIETY, a building society incorporated under the Building Societies Act 1986 of England and Wales, whose principal address is at Oak Tree Court, Binley Business Park, Harry Weston Road, Coventry, CV3 2UN (the "Servicer" or "CBS"); and

(6)        BNP PARIBAS (the "Interest Rate Swap Provider")

Whereas:

(A)       By way of Extraordinary Resolution passed by way of Electronic Consent dated [●] approved by the Class A Noteholders, the Class A Noteholders agreed to amend the Mortgage Sale Agreement and the Interest Rate Swap Agreement pursuant to this Deed and have directed the Trustee to execute this Deed.

(B)       UK Mortgages Corporate Funding Designated Activity Company, in its capacity as the Class Z VFN Holder, hereby agrees to amend the Mortgage Sale Agreement and the Interest Rate Swap Agreement pursuant to this Deed.

(C)       As a consequence, the Parties now wish, subject to and in accordance with this Deed, to implement the amendments in order to give effect to the resolutions referred to in the Written Resolution.

IT IS AGREED as follows:

1         DEFINITIONS AND INTERPRETATION

1.1      Definitions

In this Deed:

"Effective Date" means the date of this Deed;

"Incorporated Terms Memorandum" means the incorporated terms memorandum dated 2 June 2016 in relation to the issue of £263,300,000 Class A Mortgage Backed Floating Rate Notes due August 2053 and up to £150,000,000 Class Z Mortgage Backed Variable Funded Note due August 2053 between, among others, each Party to this Deed and signed for the purpose of identification by each of the Transaction Parties; and

"Party" means a party to this Deed.

1.2      Master Definitions Schedule

Unless otherwise defined in this Deed or the context requires otherwise, words and expressions used in this Deed have the meanings and constructions ascribed to them in the Master Definitions Schedule set out in Schedule 1 to the Incorporated Terms Memorandum.

2         AMENDMENTS

2.1      Amendments to the Mortgage Sale Agreement

With effect from and as of the Effective Date,

2.1.1       the words "the sum of (a) the breakeven swap rate and (b) the reset spread (in each case, as calculated in accordance with the Interest Rate Swap Agreement)" at Clause 6.4(m) (Asset Conditions) of the Mortgage Sale Agreement shall be deleted and replaced with the following paragraph:

"the lower of (i) the sum of (a) the breakeven swap rate and (b) the reset spread or (ii) the additional pool fixed rate (in each case, as calculated in accordance with the Interest Rate Swap Agreement)"

2.1.2       Clause 6.4(o) (Asset Conditions) of the Mortgage Sale Agreement shall be deleted in its entirety and be replaced with the following paragraph:

"(o)           where the relevant Mortgage Loan has a fixed rate of interest, the relevant fixed rate term (being the period in which the Mortgage Loan bears a fixed rate of interest) does not exceed 5 years and 9 months from the relevant Advance Date or Switch Date (as applicable)"

2.1.3       the words "other than paragraphs (g) and (m)" in all places at each of Clauses 6.2.7 (Product Switches), 6.4 (Asset Conditions) and 11.2.1 (Remedies) of the Mortgage Sale Agreement shall be deleted and replaced with the following paragraph:

"other than paragraphs (g), (m) and (o)"  

2.2      Amendments to Interest Rate Swap Agreement

With effect from and as of the Effective Date, in relation to the ISDA Confirmation forming part of the Interest Rate Swap Agreement:

2.2.1       the following words shall be inserted at limb (ii) of the Relevant Fixed Rate Loan provision after the words "longer than 5 years":

"… and 9 months…"

2.2.2       the following words shall be inserted at the Additional Pool provision after the words "longer than 5 years:"

"… and 9 months…"

2.2.3       the following words shall be inserted at the end of the Additional Pool Fixed Rate provision:

"Notwithstanding the above, a lower Additional Pool Fixed Rate in respect of each Mortgage Loan may be agreed from time to time between Party A and Party B""

2.3      Notification

The Issuer confirms that:

2.3.1       each Rating Agency has been notified of the amendments to the Transaction Documents as set out in this Deed in accordance with paragraph 10.1 (Transaction Documents) of Part 1 (General Legal Terms) of the Common Terms; and

2.3.2       it shall cause such amendments to be notified to the Noteholders and the other Secured Creditors in accordance with the Notices Condition and the Transaction Documents as soon as practicable after the Effective Date.

2.4      Confirmation

The Interest Rate Swap Provider and the Issuer agree that any Mortgage Loan which has been the subject of a breach of Clause 6.4(m) (Asset Conditions) or Clause 6.4(o) (Asset Conditions) of the Mortgage Sale Agreement prior to the Effective Date shall, provided that such Mortgage Loans meet the Asset Conditions (as amended by this Deed) on the Effective Date, be a Performing Fixed Rate Loan in the Mortgage Portfolio within the Additional Pool and form part of the Fixed Notional Amount on and from the Notional Determination Date falling in July 2017 (each term as defined in the ISDA Confirmation forming part of the Interest Rate Swap Agreement).

3         MISCELLANEOUS

3.1      Transaction Document

The Issuer and the Trustee agree to designate this Deed as a Transaction Document.

3.2      Incorporation of Common Terms

The Common Terms apply to this Deed and shall be binding on the parties to this Deed as if set out in full in this Deed.

3.3      Conflict with Common Terms

If there is any conflict between the provisions of the Common Terms and the provisions of this Deed, the provisions of this Deed shall prevail save where any provision of this Deed relates to VAT, in which case the VAT provisions of the Common Terms shall prevail and provided that the provisions of Paragraph 7 (Restriction on Enforcement of Security, Non-Petition and Limited Recourse) of Part 1 of the Common Terms shall prevail at all times.

3.4      Governing Law and Jurisdiction

This Deed, all matters arising from or connected with it and any non-contractual obligations arising out of or in connection it shall be governed, and construed in accordance with English law in accordance with Paragraph 1 (Governing Law) of Part 3 of the Common Terms. Paragraph 2 (Jurisdiction) of Part 3 of the Common Terms applies to this Deed as if set out in full in this Deed.

 

SIGNATURES

 

In witness whereof this Deed has been entered into as a deed on the date shown on the first page.

 

The Beneficial Title Seller

 

PRESENT when the COMMON SEAL of

UK MortgageS Corporate Funding Designated Activity Company

was affixed hereto:        

 

 

 

 

 

______________________

Director

 

______________________

Director/Secretary

 

 

 

 

The Legal Title Holder

EXECUTED and DELIVERED as a DEED by                                                      

GODIVA MORTGAGES LIMITED                                                                       

acting by:

 

Duly authorised attorney:

 

Witnessed by:

 

Name:

 

Address:

 

 

 

The Servicer

EXECUTED and DELIVERED as a DEED by

COVENTRY BUILDING SOCIETY

 

acting by:

 

Duly authorised attorney:

 

Witnessed by:

 

Name:

 

Address:

 

 

 

The Issuer

 

 

 

EXECUTED and DELIVERED as a DEED by

MALT HILL NO.1 PLC
 

acting by two Directors:

 

 

 

Intertrust Directors 1 Limited:

 

 

 

Intertrust Directors 2 Limited:

 

 

       

 

 

 

The Trustee

EXECUTED and DELIVERED as a DEED by

CITICORP TRUSTEE COMPANY LIMITED:

 

 

acting by:                                                                                                         

 

Duly authorised attorney:

 

 

 

Witnessed by:

 

Name:

 

Address:

 

 

 

 

 

 

 

The Interest Rate Swap Provider

EXECUTED and DELIVERED as a DEED by

BNP PARIBAS:

 

 

acting by:                                                                                                         

 

Duly authorised attorney:

 

 

 

Witnessed by:

 

Name:

 

Address:

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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