Granite Mortgages 04-2 PLC Completion of sale of mortgage loans (2345I)

TIDM39XK

RNS Number : 2345I

Granite Mortgages 04-2 PLC

07 December 2015

Granite Mortgages 04-2 plc (the "Issuer")

(Incorporated in England and Wales as a public limited company under registered number 05057377)

7 December 2015

EUR 1,340,000,000 Series 2 Class A1 Notes due 2044 (ISIN: XS0193212825)

EUR 92,000,000 Series 2 Class B Notes due 2044 (ISIN: XS0193215414)

EUR 53,500,000 Series 2 Class M Notes due 2044 (ISIN: XS0193216578)

EUR 89,000,000 Series 2 Class C Notes due 2044 (ISIN: XS0193217030)

GBP 244,000,000 Series 2 Class A2 Notes due 2044 (ISIN: XS0193213807)

GBP 752,100,000 Series 3 Class A Notes due 2044 (ISIN: XS0193218350)

GBP 38,900,000 Series 3 Class B Notes due 2044 (ISIN: XS0193218863)

GBP 26,500,000 Series 3 Class M Notes due 2044 (ISIN: XS0193219754)

GBP 48,500,000 Series 3 Class C Notes due 2044 (ISIN: XS0193220927)

COMPLETION OF THE SALE OF MORTGAGE LOANS

We refer to the notice published by the Issuer entitled "AMENDMENTS TO TRANSACTION DOCUMENTS" dated 13 November 2015 (the "Notice"). Terms used and not defined herein shall have the same meanings given thereto in (i) the master definitions schedule dated 26 March 2001 as amended, supplemented and varied from time-to-time, (ii) the issuer master definitions schedule, dated 26 May 2004, and (iii) the Notice.

As contemplated in the Notice, NRAM has exercised the Seller Call Option today in accordance with the terms of the Mortgage Trust Deed which requires the sale of the Mortgage Loans to the Purchaser (being Cerberus European Residential Holdings B.V.) by the Mortgages Trustee.

The proceeds of the sale of the Mortgage Loans shall be applied in the redemption of the Notes with the result that the Notes shall be redeemed in full, together with the payment of any accrued but unpaid interest, on the Payment Date scheduled to fall on 20 December 2015.

For further information, please contact:

NRAM plc

Croft Road

Crossflatts

Bingley

West Yorkshire

BD16 2UA

   Attention:          Neil Vanham 
   Telephone:        [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 07, 2015 09:01 ET (14:01 GMT)