Auburn Securities 5 PLC Notice to Noteholders (2536D)

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RNS Number : 2536D

Auburn Securities 5 PLC

29 January 2018

RNS Announcement of Auburn Securities 5 PLC

Please read the important information below - "IMPORTANT INFORMATION" - before attempting to access this service, as your right to do so is conditional upon complying with the requirements set out below.

29 January 2018

To: The Noteholders

Auburn Securities 5 PLC (the "Issuer")

Redemption in full of the Notes

GBP255,600,000 Class A2 Mortgage Backed Floating Rate Notes due December 2041

(ISIN: XS0228779764)

GBP20,000,000 Class M Mortgage Backed Floating Rate Notes due December 2041

(ISIN: XS0228780002)

GBP9,000,000 Class B Mortgage Backed Floating Rate Notes due December 2041

(ISIN: XS0228780341)

GBP18,000,000 Class C Mortgage Backed Floating Rate Notes due December 2041

(ISIN: XS0228780937)

GBP11,250,000 Class D Mortgage Backed Floating Rate Notes due December 2041

(ISIN: XS0228781158)

GBP5,650,000 Class E Mortgage Backed Floating Rate Notes due December 2041

(ISIN: XS0228781315)

(together, the "Notes")

We refer to the trust deed constituting the Notes (the "Trust Deed"), dated 23 September 2005, and the master definitions schedule relating thereto (the "Master Definitions Schedule") dated 23 September 2005, as amended and restated from time to time, both made between, amongst others, the Issuer and the Trustee. Capitalised terms used but not otherwise defined in this notice shall have the meanings ascribed to them in the Master Definitions Schedule.

As the Issuer of the Notes, we hereby give you notice pursuant to Condition 5(d)(i) of the Notes that the Issuer wishes to redeem all the outstanding Notes in full on the Interest Payment Date falling in March 2018 (the "Redemption Date") in accordance with Condition 5(d)(i) of the Notes.

Pursuant to Condition 5(d)(i) of the Notes, we have delivered to the Trustee, a certificate signed by two directors confirming that, on the Redemption Date, the Issuer will have the funds, not subject to any interest of any other persion, required to redeem the Notes in full at their Principal Amount Outstanding (together with accrued interest), and to pay any amounts required to be paid in priority to or pari passu with the Notes outstanding in accordance with the Priority of Payments, on the basis that Capital Home Loans Limited has agreed to acquire the Mortgage Pool from the Issuer on or prior to the Redemption Date.

For further information, please contact Graham Conway on [phone].

IMPORTANT INFORMATION:

THE ABOVE ANNOUNCEMENT IS A COMMUNICATION TO THE MARKET. NOTHING IN THIS ANNOUNCEMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS OR A PROSPECTUS EQUIVALENT DOCUMENT.

THIS ANNOUNCEMENT HAS BEEN DELIVERED TO YOU ON THE BASIS THAT YOU ARE A PERSON INTO WHOSE POSSESSION THIS ANNOUNCEMENT MAY BE LAWFULLY DELIVERED IN ACCORDANCE WITH THE LAWS OF THE JURISDICTION IN WHICH YOU ARE LOCATED AND YOU MAY NOT, NOR ARE YOU AUTHORISED TO, DELIVER THIS ANNOUNCEMENT TO ANY OTHER PERSON. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN JURISDICTIONS OTHER THAN THE UNITED KINGDOM MAY BE RESTRICTED BY LAW AND THEREFORE PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES ABOUT, AND OBSERVE, SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Your right to access this service is conditional upon complying with the above requirement.

END

This information is provided by RNS

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January 29, 2018 12:02 ET (17:02 GMT)