Bondholder Notice

RNS Number:5532G
City Greenwich Lewisham Rail Link
29 October 2007

                             NOTICE TO BONDHOLDERS

#165,000,000 93/8 per cent. Secured Bonds due 2020 (the "Bonds") issued by City
                Greenwich Lewisham Rail Link plc (the "Issuer")


ISIN: XS0070020093

The terms and conditions of the Bonds (the "Conditions") provide that the Issuer
will pay interest on the outstanding principal amount of the Bonds at the rate
of 93/8 per cent. per annum semi-annually in arrear on 11 April and 11 October
in each year.

The Conditions further provide that principal amounts outstanding under the
Bonds will be repaid semi-annually in arrear from 11 April 2006 until 11 October
2020.

On this basis, the interest amount expressed on the interest coupons attached to
the Bonds (the "Coupons") should have reduced on each Interest Payment Date from
the Interest Payment Date falling on 11 October 2006 in an amount commensurate
with the principal amortisation schedule in the Conditions.  However, (and
notwithstanding that the correct amount of interest has been paid to the
Bondholders) the Coupons have been printed such that the amount of interest
specified on the face of each Coupon as being payable is expressed to be an
amount equal to 93/8 per cent. of the original principal amount outstanding
throughout the life of the Bonds and does not reduce over time in accordance
with the Bond Trust Deed.

In accordance with the Conditions, Prudential Trustee Company Limited in its
role as Bond Trustee and the Issuer have entered into a deed supplemental to the
Bond Trust Deed dated 11 October 1996 pursuant to which the paragraph commencing
"Coupon for..." is deleted up to but excluding the words "due on..." and
replaced by the words "Coupon for the amount of interest".

The Bondholders are hereby notified accordingly.

Dated 29 October 2007

City Greenwich Lewisham Rail Link plc


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