Preferred Residential Secs 05-1 PLC Redemption Notice (0220I)

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RNS Number : 0220I

Preferred Residential Secs 05-1 PLC

16 March 2018

REDEMPTION NOTICE

PREFERRED RESIDENTIAL SECURITIES 05-1 PLC

Notice to the holders of all outstanding

EUR181,000,000 CLASS A1a Mortgage Backed Floating Rate Notes due 2024

Issue Price: 100 per cent.

GBP218,600,000 CLASS A2c Mortgage Backed Floating Rate Notes due 2043

with Detachable A2c Coupons due 2008

Issue Price: 100 per cent. plus a premium

EUR7,000,000 CLASS B1a Mortgage Backed Floating Rate Notes due 2043

Issue Price: 100 per cent.

GBP22,600,000 CLASS B1c Mortgage Backed Floating Rate Notes due 2043

Issue Price: 100 per cent.

GBP10,800,000 CLASS C1c Mortgage Backed Floating Rate Notes due 2043

Issue Price: 100 per cent.

GBP15,800,000 CLASS D1c Mortgage Backed Floating Rate Notes due 2043

Issue Price: 100 per cent.

GBP3,400,000 CLASS E Mortgage Backed Floating Rate Notes due 2043

Issue Price: 100 per cent.

(together, the "Notes")

issued by Preferred Residential Securities 05-1 PLC (the "Issuer")

The Issuer refers to its notice dated 13 February 2018 (the "Issuer's Notice").

NOTICE IS HEREBY GIVEN to the Noteholders that in accordance with the Issuer's notice to Noteholders of its intention to redeem the Notes pursuant to Condition 5(d) (Mandatory Redemption), as set out in the Issuer's Notice, the Issuer has redeemed the Notes in full at their Sterling Equivalent Principal Amount Outstanding including all accrued but unpaid interest on 15 March 2018. Accordingly, the listing of the Notes on the Official List of the FCA and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc will be cancelled on, or shortly after, 16 March 2018.

Noteholders who have queries in relation to the above matters should contact the Directors of Preferred Residential Securities 05-1 PLC c/o Wilmington Trust SP Services (London) Limited, Third Floor, 1 King's Arms Yard, London, EC2R 7AF; telephone number: [phone], email: [e-mail]; attn.: The Directors for further information.

Defined terms used in this notice will have the meaning given to them in the prospectus of the Issuer dated 21 April 2005.

16 March 2018

for and on behalf of

Preferred Residential Securities 05-1 PLC

This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2018 09:34 ET (13:34 GMT)