Notice to Noteholders
03 Abril 2003 - 8:43AM
UK Regulatory
RNS Number:6063J
Navio Company Limited
3 April 2003
Letter to RNS
Notice to Noteholders
Navio Company Limited
EUR 14,000,000 Credit Linked Notes due 10 May 2011("the Notes")
ISIN number: XS0130683997
We, the Company, hereby give notice that the Calculation Agent has given
notice in accordance with the terms and conditions of the Notes (the
"Conditions"), that a Credit Event has occurred in respect of BRITISH ENERGY
PLC, one of the Reference Entities in respect of the Notes.
In accordance with the Conditions, the Calculation Agent will determine a
Final Price for the Defaulted Credit and shall adjust the Interest Bearing
Amount accordingly.
The Interest Bearing Amount shall be adjusted in accordance with the Conditions.
Terms not otherwise defined herein have the meaning given to them in the
Conditions.
Letter from Navio Company Limited
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