Notice to Noteholders re Redemption (1342M)

TIDM35YP

RNS Number : 1342M

Permanent Financing (No.6) PLC

10 August 2011

RNS ANNOUNCEMENT

PERMANENT FINANCING (NO. 6) PLC

(the Sixth Issuer)

NOTICE OF REDEMPTION

GBP500,000,000 Series 5 Class A1 Asset Backed Floating Rate Notes due June 2042 (Common Code: 020532874 & ISIN: XS0205328742)

GBP500,000,000 Series 5 Class A2 Asset Backed Floating Rate Notes due June 2042 (Common Code: 020532696 & ISIN: XS0205326969)

GBP34,800,000 Series 5 Class B Asset Backed Floating Rate Notes due June 2042 (Common Code: 020532777 & ISIN: XS0205327777)

GBP33,700,000 Series 5 Class C Asset Backed Floating Rate Notes due June 2042 (Common Code: 020532815 & ISIN: XS0205328155)

10 August 2011

Notice is given by the Sixth Issuer to the Sixth Issuer Noteholders that the Seller on the next Funding 1 Interest Payment Date occurring on 12 September 2004 intends to make a payment to Funding 1 pursuant to and in compliance with Clause 7.1(a) of the Mortgages Trust Deed in an amount which together with the Funding 1 Available Principal Receipts that will be available to Funding 1 in accordance with the Funding 1 Pre-Enforcement Principal Priority of Payments will be sufficient to enable Funding 1 to repay the full amount outstanding under the:

-- Sixth Issuer Series 5A1 Term AAA Advance;

-- Sixth Issuer Series 5A2 Term AAA Advance;

-- Sixth Issuer Series 5B Term AA Advance; and

-- Sixth Issuer Series 5C Term BBB Advance,

so that the Sixth Issuer is able to redeem the following Sixth Issuer Notes in full on 12 September 2011 pursuant to and in compliance with Condition 5(D):

-- GBP500,000,000 Series 5 Class A1 Asset Backed Floating Rate Notes due June 2042;

-- GBP500,000,000 Series 5 Class A2 Asset Backed Floating Rate Notes due June 2042;

-- GBP34,800,000 Series 5 Class B Asset Backed Floating Rate Notes due June 2042;

-- GBP33,700,000 Series 5 Class C Asset Backed Floating Rate Notes due June 2042.

All defined terms used in this notice shall have the meaning given to them in the Sixth Issuer Master Definitions and Construction Schedule dated 18 November 2004 and the Amended and Restated Master Definitions and Construction Schedule dated 15 July 2011 (as applicable).

For further information please contact:

Bank of Scotland plc

Structured Securitisation Group

10 Gresham Street

London

EC2V 7AE

Attention: Gavin Parker

This information is provided by RNS

The company news service from the London Stock Exchange

END

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