SOUTHERN PACIFIC
SECURITIES 04-2 PLC
Notice to the
holders of all outstanding
€100,000,000 Class
A1a Mortgage Backed Floating Rate Notes due 2025
(Common Code Reg S: 019660982; Common Code 144A: 019695204; ISIN –
Reg S: XS0196609829; ISIN – 144A: US84359VAA08) Issue Price: 100
per cent.
U.S.$100,000,000 Class A1b Mortgage Backed Floating
Rate Notes due 2025
(Common Code Reg
S: 019661083; Common Code 144A: 019695298; ISIN – Reg S:
XS0196610835; ISIN – 144A: US84359VAB80) Issue Price: 100 per
cent.
£180,900,000 Class
A1c Mortgage Backed Floating Rate Notes due 2025
(Common Code Reg
S: 019661156; Common Code 144A: 019695344; ISIN – Reg S:
XS0196611569; ISIN – 144A: US84359VAC63) Issue Price: 100 per
cent.
€100,000,000 Class
A2a Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661202; Common Code 144A: 019695484; ISIN – Reg S:
XS0196612021; ISIN – 144A: US84359VAD47) Issue Price: 100 per
cent.
£235,200,000 Class
A2c Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661296; ISIN – Reg S: XS0196612963)
(with Class A2c
Detachable Coupons) (Common Code: 019741273; ISIN:
XS0197412736) Issue Price: 100 per cent. plus premium
U.S.$22,500,000 Class B1b Mortgage Backed Floating
Rate Notes due 2042
(Common Code Reg
S: 019661342; Common Code 144A: 019695891; ISIN – Reg S:
XS0196613425; ISIN – 144A: US84359VAH50) Issue Price: 100 per
cent.
£31,600,000 Class
B1c Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661482; Common Code 144A: 019695964; ISIN – Reg S:
XS0196614829; ISIN – 144A: US84359VAJ17) Issue Price: 100 per
cent.
€5,000,000 Class
C1a Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661539; Common Code 144A: 019696197; ISIN – Reg S:
XS0196615396; ISIN – 144A: US84359VAK89) Issue Price: 100 per
cent.
£19,400,000 Class
C1c Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661636; Common Code 144A: 019696278; ISIN – Reg S:
XS0196616360; ISIN – 144A: US84359VAM46) Issue Price: 100 per
cent.
€5,000,000 Class
D1a Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661652; Common Code 144A: 019696332; ISIN – Reg S:
XS0196616527; ISIN – 144A: US84359VAN29) Issue Price: 100 per
cent.
£19,400,000 Class
D1c Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661806; Common Code 144A: 019696383; ISIN – Reg S:
XS0196618069; ISIN – 144A: US84359VAQ59) Issue Price: 100 per
cent.
£7,000,000 Class E
Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg
S: 019661849; ISIN – Reg S: XS0196618499) Issue Price: 100
per cent.
(together the
“Notes”)
issued by Southern
Pacific Securities 04-2 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 30 (Option) of the Mortgage
Administration Agreement, confirming that it is exercising its
option to purchase all (but not some only) of the Loans and the
Collateral Security from 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) (Early Redemption)
that it will, on the Interest Payment Date falling in March 2018, redeem the Notes in accordance with
Condition 5(d) (Early Redemption).
Noteholders who have queries in relation to the above matters
should contact the Issuer - email: spvservices@linkgroup.co.uk;
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 29 July 2004.
9 February
2018
for and on behalf of
Southern Pacific Securities 04-2 plc