Notice to Noteholders (0885X)

TIDM87TI

RNS Number : 0885X

Daneion 2007-1 PLC

30 November 2010

ISSUER ANNOUNCEMENT

DANEION 2007-1 PLC (the "Issuer")

(incorporated in England and Wales, Registered No. 6714742)

Registered Office: Fifth Floor, 6 Broad Street Place, London, EC2M 7JH

30 November 2010

EUR1,587,500,000 Class A Asset Backed Floating Rate Notes due 2014

(Common Code: 033272235; ISIN: XS0332722353)

EUR912,500,000 Class B Asset Backed Floating Rate Notes due 2014

(Common Code: 0332722437; ISIN: XS0332722437)

NOTICE is hereby given of a transaction (the "Transaction") involving the following:

(i) the Issuer's authorisation (as sole noteholder of the APC Loan Notes) to APC and the APC Security Trustee to enter into the Amendment Deed (as defined below) and give effect to the Transaction;

(ii) Eurobank EFG Private Bank (Luxembourg) S.A.'s authorisation by written resolution (as sole noteholder of the Notes) to the Issuer to, in turn, authorise APC and the APC Security Trustee to enter into the Amendment Deed and give effect to the Transaction;

(iii) the entry into an amendment deed (the "Amendment Deed") by the APC the APC Account Bank, the APC Subordinated Loan Provider and the APC Security Trustee dated 26 November 2007, which Amendment Deed permits the APC to draw an amount of EUR300,125,329.17 under the subordinated loan, as documented in the APC Subordinated Loan Agreement;

(iv) the use by the APC of the proceeds from the drawing under the subordinated loan to redeem on 30 November 2010:

(a) EUR190,500,000 in aggregate principal amount of the outstanding Class A APC Loan Note together with the accrued interest in the amount of EUR89,048.17 (the "Class A APC Redemption Amount"); and

(b) EUR109,500,000 in aggregate principal amount of the outstanding Class B APC Loan Note together with the accrued interest in the amount of EUR36,281.00 (the "Class B APC Redemption Amount" and, together with the Class A APC Redemption Amount, the "APC Redemption Amount"); and

(v) the use by the Issuer of the APC Redemption Amount to redeem on 30 November 2010:

(a) EUR190,500,000 in aggregate principal amount of the outstanding Class A Notes together with the accrued interest in the amount of EUR89 048.17; and

(b) EUR109,500,000 in aggregate principal amount of the outstanding Class B Notes together with the accrued interest in the amount of EUR36 281.00.

Unless otherwise defined herein, words and expressions used in this notice shall have the meanings and constructions ascribed to them in:

(a) the master definitions schedule set out in paragraph 1 (Definitions) of Schedule 1 (Master Definitions Schedule) to the APC master framework agreement (the "APC Master Framework Agreement") dated 26 November 2007 and signed by, inter alios, Daneion APC Limited (the "APC") and EFG Eurobank Ergasias S.A. ("Eurobank EFG"); and

(b) the master definitions schedule set out in paragraph 1 (Definitions) of Schedule 1 (Master Definitions Schedule) to the issuer master framework agreement (the "Issuer Master Framework Agreement") dated 26 November 2007 and signed by, inter alios, the APC, Eurobank EFG, and the Issuer.

We hereby give you notice of the relevant parties having entered into documentation (the "Documents") on 30 November 2010 to give effect to the Transaction.

Copies of each of the Documents, including the Amendment Deed, are available on request to the Issuer or the Principal Paying Agent at the address set out at the end of this Notice.

Copies of this Notice and the Documents and any related documents will not be mailed or otherwise distributed or sent in or into the United States, including to any Noteholder with addresses in the United States. Any U.S. person receiving such documents (including, without limitation, custodians, nominees and trustees) must not distribute or send them in, into or from the United States.

For further information, please contact the following:

Issuer

Daneion 2007-1 PLC

c/o Wilmington Trust SP Services (London) Limited Fifth Floor, 6 Broad Street Place

London

EC2M 7JH

Principal Paying Agent

Citibank, N.A. Citigroup Centre

Canada Square

London

E14 5LB

This information is provided by RNS

The company news service from the London Stock Exchange

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