Residential Mortgage Secs 23 PLC Notice to Noteholders (1304C)

TIDM55RX

RNS Number : 1304C

Residential Mortgage Secs 23 PLC

23 June 2016

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

NOTICE TO THE HOLDERS OF THE

GBP24,100,000 Class A Mortgage Backed Floating Rate Notes due 2034

(ISIN: XS0398239771; Common Code: 039823977)

(the "Class A Notes")

GBP27,200,000 Class B Mortgage Backed Floating Rate Notes due 2041

(ISIN: XS0398242056; Common Code: 039824205)

(the "Class B Notes")

issued by

Residential Mortgage Securities 23 Plc

on 6 May 2009

The Class A Notes and Class B Notes are together referred to as the "Notes".

Capitalised terms used but not otherwise defined in this notice shall have the meanings, as applicable, set out in the terms and conditions of the Notes in the trust deed (the "Trust Deed") dated 6 May 2009 and entered into between Residential Mortgage Securities 23 Plc (the "Issuer" or the "Transaction", as the context requires) and Capita Trust Company Limited (the "Trustee"), the master definitions schedule (the "Master Definitions Schedule") dated 6 May 2009 and signed for the purposes of identification by Linklaters LLP and White & Case LLP the master securitisation agreement (the "Master Securitisation Agreement") dated 6 May 2009, as amended on 29 February 2012 and the Issuer's notice to Noteholders (the "Notice to Noteholders") dated 1 December 2015.

The Issuer refers to its Notice to Noteholders regarding remedial action to be taken following the S&P Downgrade of Barclays.

The Issuer confirms that following the implementation of remedial action in relation to the GIC Provider and the Transaction Account Bank, the GIC Account and Transaction Account were transferred from Barclays to HSBC on 16 June 2016.

The Issuer will keep the Noteholders updated on developments in respect to the proposed remedial action in relation to the Collection Accounts and Liquidity Facility referred to in the Notice to Noteholders.

Issuer

Residential Mortgage Securities 23 PLC

4(th) Floor

40 Dukes Place

London

EC3A 7NH

Tel: [phone]

Fax: [phone]

Email: [e-mail]

Trustee

Capita Trust Company Limited

4th Floor

40 Dukes Place

London

EC3A 7NH

Fax: [phone]

Email: [e-mail]

Principal Paying Agent

HSBC Bank plc

8 Canada Square

London

E14 5HQ

Fax: [phone]

Email: [e-mail]

This notice is given by the Issuer.

Dated 21 June 2016

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 23, 2016 11:01 ET (15:01 GMT)