20th Sep 2007 15:16
Bank of Scotland Plc20 September 2007 HBOS Group Reorganisation Act 2006 17 September 2007 Permanent Financing (No. 7) PLC (the Seventh Issuer) The following is a notice to the holders of the Notes (as defined below) issuedby the Seventh Issuer on 23 March 2005. The Seventh Issuer wishes to give notice to the holders of the: $1,400,000,000 Series 2 Class A Asset Backed Floating Rate Notes due September 2014 (ISIN: US71419VAD91 - Common Code: 021554910 - CUSIP: 71419VAD9) $60,700,000 Series 2 Class B Asset Backed Floating Rate Notes due June 2042 (ISIN: US71419VAE74 - Common Code: 021555037 - CUSIP: 71419VAE7) $59,200,000 Series 2 Class C Asset Backed Floating Rate Notes due June 2042 (ISIN: US71419VAF40 - Common Code: 021555118 - CUSIP: 71419VAF4) €1,700,000,000 Series 3 Class A Asset Backed Floating Rate Notes due September 2032 (ISIN: XS0215348896 - Common Code: 021534889 - CUSIP: N/A) €73,700,000 Series 3 Class B Asset Backed Floating Rate Notes due June 2042 (ISIN: XS0215349944 - Common Code: 021534994 - CUSIP: N/A) €71,800,000 Series 3 Class C Asset Backed Floating Rate Notes due June 2042 (ISIN: XS0215351254 - Common Code: 021535125 - CUSIP: N/A) £850,000,000 Series 4 Class A Asset Backed Floating Rate Notes due September 2032 (ISIN: XS0215352906 - Common Code: 021535290 - CUSIP: N/A) £36,800,000 Series 4 Class B Asset Backed Floating Rate Notes due June 2042 (ISIN: XS0215353896 - Common Code: 021535389 - CUSIP: N/A) £35,900,000 Series 4 Class C Asset Backed Floating Rate Notes due June 2042 (ISIN: XS0215355081 - Common Code: 021535508 - CUSIP: N/A)£500,000,000 Series 5 Asset Backed Floating Rate Notes due September 2032 (ISIN: XS0215356485 - Common Code: 021535648 - CUSIP: N/A) each issued by the Seventh Issuer (the Noteholders and the Notes, respectively) constituted by a Trust Deed dated 23 March 2005 (as supplemented and amended)between the Seventh Issuer and The Bank of New York (the Trustee) as trustee for the Noteholders Notice is hereby given to the Noteholders that, pursuant to the HBOS GroupReorganisation Act 2006 (the HBOS Group Reorganisation Act) and with effect from17 September 2007 (the Reorganisation Date), The Governor and Company of theBank of Scotland (the Bank) was registered as a public company under theCompanies Act 1985 and changed its name to Bank of Scotland plc and the businessand all property and liabilities of Halifax plc (Halifax) were transferred tothe Bank. In this regard, there is no need for the parties to the Transaction Documents toenter into any further documentation in order to construe the TransactionDocuments as referring to the Bank in place of Halifax since the HBOS GroupReorganisation Act provides that every existing contract relating to Halifaxshall be construed and have effect on and from the Reorganisation Date as if theBank had been a party thereto instead of Halifax and as if any reference(however worded and whether express or implied) to Halifax was substituted witha reference to the Bank. However, certain Transaction Documents to which Halifax and/or the Bank is aparty may be amended and restated or supplemented and amended in connection withthe next issue of notes by the Seventh Issuer so that the representations andwarranties and covenants contained therein reflect that they will be given by acompany incorporated in Scotland and registered as a public company under theCompanies Act 1985. Copies of any such further Transaction Documents will available for inspectionby Noteholders at the specified offices of the Paying Agents set out below: UK PRINCIPAL PAYING AGENT US PAYING AGENT Citibank, N.A. Citibank, N.A. Citigroup Centre 14th Floor Canada Square 388 Greenwich Street New York Canary Wharf New York 10013 London E14 5LB All defined terms, unless defined herein or the context otherwise requires,shall have the meanings given to them in the Amended and Restated MasterDefinitions and Construction Schedule dated 1 March 2007 and the Seventh IssuerMaster Definitions and Construction Schedule dated 23 March 2005. For further information, please contact: Permanent Master Issuer plc c/o SFM Corporate Services Limited 35 Great St. Helen's London EC3A 6AP Telephone : 020 7398 6300 Fax : 020 7398 6325 DISCLAIMER - INTENDED ADDRESSEES Please note that the information contained in the base prospectus of the Issuerdated 17 March 2005 (the Base Prospectus) may be addressed to and/or targeted atpersons who are residents of particular countries (specified in the BaseProspectus) only and is not intended for use and should not be relied upon byany person outside these countries and/or to whom the offer contained in theBase Prospectus is not addressed. Prior to relying on the information containedin the Base Prospectus you must ascertain from the Base Prospectus whether ornot you are part of the intended addressees of the information containedtherein. Nothing in this service constitutes an offer to sell or issue or thesolicitation of an offer to buy or subscribe for securities in the United Statesor any other jurisdiction. Your right to access this service is conditional upon complying with the aboverequirements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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