SOUTHERN PACIFIC
SECURITIES 04-1 PLC
Notice to the
holders of all outstanding
€325,700,000 Class
A1a Mortgage Backed Floating Rate Notes due 2029
(Common Code Reg S: 018671158; ISIN – Reg S: XS0186711585)
U.S.$310,000,000 Class A1b Mortgage Backed Floating
Rate Notes due 2029
(Common Code Reg S: 018671310; Common Code 144A: 018730723; ISIN –
Reg S: XS0186713102; ISIN – 144A: US84359TAA51)
£177,700,000 Class
A2 Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 018671379; ISIN – Reg S: XS0186713797)
(with Class A2
Detachable Coupons) (Common Code: 018671409; ISIN:
XS0186714092)
£31,500,000 Class
M Mortgage Backed Floating Rate Notes due 2042
(Common Code
Reg S: 018671450; Common Code 144A: 018738678; ISIN – Reg S:
XS0186714506; ISIN – 144A: US84359TAB35)
£6,000,000 Class B
Mortgage Backed Floating Rate Notes due 2042
(Common Code
Reg S: 018671522; ISIN – Reg S: XS0186715222)
(together the
“Notes”)
issued by Southern
Pacific Securities 04-1 plc
(the
“Issuer”)
The Issuer would like to draw Noteholders attention to the
following notice that was published on today’s date in the
Financial Times which shall constitute the notice to Noteholders
pursuant to Condition 14:
NOTICE IS HEREBY GIVEN to the Noteholders that the Mortgage
Administrator has delivered a notice to the Issuer in accordance
with the provisions of Clause 30 (Option) of the Mortgage
Administration Agreement, confirming that it is exercising its
option to purchase all (but not some only) of the Loans and the
Collateral Security from the Issuer on the Interest Payment Date
falling in March 2018.
Accordingly, the Issuer is hereby providing notice to the
Noteholders in accordance with Condition 5(d) (Optional
Redemption) that it will, on the Interest Payment Date falling
in March 2018, redeem the Notes in
accordance with Condition 5(d) (Optional Redemption).
Noteholders who have queries in relation to the above matters
should contact the Issuer - email: spvservices@linkgroup.co.uk;
attn.: The Directors for further information.
Defined terms used in this notice will have the meaning given to
them in the prospectus of the Issuer dated 23 February 2004.
9 February
2018
for and on behalf of
Southern Pacific Securities 04-1 plc