Result of Meeting (0255J)

TIDM56VM

RNS Number : 0255J

Permanent Financing (No.7) PLC

23 June 2011

PERMANENT FINANCING (NO. 7) PLC

(the "Seventh Issuer")

(Incorporated as a public limited company in England and Wales

with registered number 5330776)

NOTICE OF RESULTS OF MEETING

In respect of a meeting (the "Meeting") of the holders of the:

GBP500,000,000 Series 5 Class A Residential Mortgage Backed Notes due 2032 (ISIN: XS0215356485)

(the "Existing Noteholders" and the "Existing Notes" respectively)

convened on 23 June 2011

at

the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD.

Results of the Meeting

NOTICE IS HEREBY GIVEN to the Existing Noteholders that, at a meeting of the Existing Noteholders, the Extraordinary Resolution (as defined in the Notice) set out in such Notice was duly passed.

Accordingly, but subject to the passing of (i) an extraordinary resolution which is substantially similar to the Extraordinary Resolution (the Permanent 6 Extraordinary Resolution) by the holders of the Series 5 Class B GBP34,800,000 Residential Mortgage Backed Notes due 2042 (ISIN XS0205327777) issued by Permanent Financing (No. 6) PLC (the Permanent 6 Class B Noteholders) at an adjourned meeting of the Permanent 6 Class B Noteholders and (ii) an extraordinary resolution which is substantially similar to the Extraordinary Resolution (the Permanent Master Issuer First Extraordinary Resolution) by the holders of (A) the 2006-1 Series 4 Class B EUR129,300,000 Residential Mortgage Backed Notes due 2042 (ISIN: XS0270510810) and the 2007-1 Series 4 Class B GBP41,300,000 Residential Mortgage Backed Notes due 2042 (ISIN: XS0288100836) (the Permanent Master Issuer Class B Noteholders) and (B) the 2006-1 Series 4 Class C EUR129,300,000 Residential Mortgage Backed Notes due 2042 (ISIN: XS0270511115) and the 2007-1 Series 4 Class C GBP41,300,000 Residential Mortgage Backed Notes due 2042 (ISIN: XS0288104408) (the Permanent Master Issuer Class C Noteholders), each issued by Permanent Master Issuer PLC, at separate adjourned meetings of the Permanent Master Issuer Class B Noteholders and the Permanent Master Issuer Class C Noteholders, or the other conditions set out in the Extraordinary Resolution being fulfilled, the modifications referred to in the Extraordinary Resolution will be implemented with effect on and from 15 July, 2011.

The Permanent 6 Extraordinary Resolution was not passed at a meeting of the Permanent 6 Class B Noteholders (the Permanent 6 Meeting) as a quorum requirement (which required a particular aggregate Principal Amount Outstanding of such Notes to be held or represented at such Meeting) was not met at the Permanent 6 Meeting. At any adjournment of the Permanent 6 Meeting, the quorum required shall be only two or more persons being or representing relevant Noteholders, whatever the aggregate Principal Amount Outstanding of such Notes so held or represented. The adjourned Permanent 6 Meeting is due to be held on 7 July 2011.

The Permanent Master Issuer First Extraordinary Resolution was not passed at separate meetings of the Permanent Master Issuer Class B Noteholders and the Permanent Master Issuer Class C Noteholders (together, the Permanent Master Issuer Meetings) as a quorum requirement (which required a particular aggregate Principal Amount Outstanding of such Notes then outstanding to be held or represented at such Meetings) was not met at the Permanent Master Issuer Meetings. At any adjournment of the Permanent Master Issuer Meetings, the quorum required shall be only two or more persons being or representing relevant Noteholders, whatever the aggregate Principal Amount Outstanding of such Notes then outstanding so held or represented. The adjourned relevant Permanent Master Issuer Meetings are due to be held on 7 July 2011.

This Notice is given by

Permanent Financing (No. 7) PLC

35 Great St Helen's

London EC3A 6AP

Dated 23 June 2011.

This information is provided by RNS

The company news service from the London Stock Exchange

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