Preferred Residential Securities 7 Notice to Noteholders (7865E)

TIDM72UH

RNS Number : 7865E

Preferred Residential Securities 7

13 February 2018

PREFERRED RESIDENTIAL SECURITIES 7 PLC

Notice to the holders of all outstanding

GBP206,400,000 CLASS A1 Mortgage Backed Floating Rate Notes due 2025

(Common Code: 018309572; ISIN: XS0183095727)

Issue Price: 100 per cent.

GBP309,600,000 CLASS A2 Mortgage Backed Floating Rate Notes due 2041

(Common Code: 018309793; ISIN: XS0183097939)

with Detachable A Coupons due 2006

(Common Code: 018309882; ISIN: XS0183098820)

Issue Price: 100 per cent. plus a premium

GBP40,500,000 CLASS B Mortgage Backed Floating Rate Notes due 2041

(Common Code: 018310155; ISIN: XS0183101558)

Issue Price: 100 per cent.

GBP37,500,000 CLASS C Mortgage Backed Floating Rate Notes due 2041

(Common Code: 018310228; ISIN: XS0183102283)

Issue Price: 100 per cent.

GBP6,000,000 CLASS D Mortgage Backed Floating Rate Notes due 2041

(Common Code: 018310287; ISIN: XS0183102879)

Issue Price: 100 per cent.

(together the "Notes")

issued by Preferred Residential Securities 7 PLC

(the "Issuer")

The Issuer would like to draw Noteholders attention to the following notice that was published on today's date in the Financial Times which shall constitute the notice to Noteholders pursuant to Condition 14:

NOTICE IS HEREBY GIVEN to the Noteholders that the Mortgage Administrator has delivered a notice to the Issuer in accordance with the provisions of Clause 16 (Repurchase Option in Respect of the Loans) of the Mortgage Administration Agreement, confirming that it is exercising its option to purchase the remaining Loans owned by, or the beneficial interest of which is vested in, the Issuer on the Interest Payment Date falling in March 2018.

Accordingly, the Issuer is hereby providing notice to the Noteholders in accordance with Condition 5(d) (Mandatory Redemption) that it will, on the Interest Payment Date falling in March 2018, redeem the Notes in accordance with Condition 5(d) (Mandatory Redemption).

Noteholders who have queries in relation to the above matters should contact the Issuer:

Preferred Residential Securities 7 PLC

c/o Wilmington Trust SP Services (London) Limited

Third Floor

1 King's Arms Yard

London, EC2R 7AF

Attention: The Directors

Tel: [phone]

Email: [e-mail]

Defined terms used in this notice will have the meaning given to them in the prospectus of the Issuer dated 31 December 2003.

13 February 2018

for and on behalf of

Preferred Residential Securities 7 PLC

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 13, 2018 10:27 ET (15:27 GMT)