SOUTHERN PACIFIC FINANCING 04-A PLC - Notice to Holders of Mortgage
Backed Floating Rate Notes
SOUTHERN PACIFIC FINANCING 04-A PLC (the "Issuer")
4th Floor
40 Dukes Place
London
EC3A 7NH
(a public limited company incorporated under the laws of England and Wales
with registered number 5018816)
NOTICE TO THE HOLDERS (the "Noteholders")
of those of the
£305,200,000 Class A Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0190203124 Common Code: 019020312)
(with Detachable A Coupons (ISIN: XS0190204106 Common Code: 019020410)
(The "Class A Notes")
£21,000,000 Class B Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0190204445 Common Code: 019020444)
(The "Class B Notes")
£11,550,000 Class C Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0190205178 Common Code: 019020517)
(The "Class C Notes")
£8,750,000 Class D Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0190205681 Common Code: 019020568)
(The "Class D Notes")
£3,500,000 Class E Mortgage Backed Floating Rate Notes due 2042
(ISIN: XS0190206143 Common Code: 019020614)
(The "Class E Notes")
together referred to as the "Notes".
of the Issuer presently outstanding
If you are in any doubt as to the action you should take, you
are recommended to seek your own financial and legal advice
immediately from your stockbroker, bank manager, solicitor,
accountant or other financial adviser authorised under the
Financial Services and Markets Act 2000 (if you are in the
United Kingdom), or from another
appropriately authorised independent financial or legal
adviser.
If you have recently sold or otherwise transferred your entire
holding(s) of Notes referred to below, you should immediately
forward this document to the purchaser or transferee or to the
stockbroker, bank or other agent through whom the sale or transfer
was effected for transmission to the purchaser or transferee.
Capitalised terms used in this Notice and not specifically
defined in this Notice will bear the same meaning as in the Master
Definitions Schedule dated 28 April
2004 between, amongst others, the Issuer and Capita IRG
Trustees Limited "Trustee"), as amended, restated, supplemented,
modified or otherwise varied from time to time (the "Master
Definitions Schedule").
References in this Notice to a "Class of Notes" shall be deemed
to be a reference to the Class A Notes, the Class B Notes, the
Class C Notes, the Class D Notes or the Class E Notes, as the case
may be.
We refer to the notice of Meetings dated 18 December 2012 (the "Notice of Meetings") and
the notice of adjourned Meetings dated 18
January 2013 (the " Notice of Adjourned Meetings").
NOTICE IS HEREBY GIVEN that at the separate adjourned meetings
of the holders of the Class B Notes and the Class C Notes, convened
by the Issuer for 1 February 2013 by
the Notice of Adjourned Meetings, the holders of the Class B Notes
and the Class C Notes have duly passed the Extraordinary Resolution
(as set out in the Notice of Meetings and the Notice of Adjourned
Meetings).
NOTICE IS ALSO HEREBY GIVEN that the separate adjourned meeting
of the holders of the Class E Notes convened by the Issuer for
1 February 2013 by the Notice of
Adjourned Meetings was inquorate and dissolved in accordance with
the terms of the Trust Deed.
Accordingly, the holders of each Class of Notes have not duly
passed the Extraordinary Resolution (as set out in the Notice of
Meetings and the Notice of Adjourned Meetings) and as such, the
proposed amendments set out in the Notice of Meetings and the
Notice of Adjourned Meetings will not be implemented.
This notice is given by the Issuer.
5 February 2013
Principal Paying Agent
The Bank of New York Mellon, London Branch
One Canada Square
London E14 5AL
Attention: CT Events Administration
Telephone: +44 20 7964 4958
Fax: +44 20 7964 2536 (for the attention of Debt Restructuring Services
E-mail: debtrestructuring@bnymellon.com
Issuer
Southern Pacific Financing 04-A PLC
4th Floor
40 Dukes Place
London EC3A 7NH
Telephone: +44 203 367 8200
Fax: +44 203 170 0246
E-mail: spvservices@capitafiduciary.co.uk
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EME_ACTIVE-556376588.1-GHUI 02/23/1970 4:16 1/P102/05/2013 11:31 AM