OPTIONAL REDEMPTION

Silverstone Master Issuer PLC

22 December 2025

 

NOTICE TO THE HOLDERS OF

SILVERSTONE MASTER ISSUER PLC
(incorporated in England and Wales with limited liability with registered number 06612744)

(the Issuer)

£500,000,000 Series 2024-1 Class 2A Residential Mortgage Backed Notes due January 2079

(Reg S ISIN: XS2950718770;

Reg S Common Code: 295071877)

and

£500,000,000 Series 2024-1 Class 3A Residential Mortgage Backed Notes due January 2079

(Reg S ISIN: XS2950719158;

Reg S Common Code: 295071915)

(the holders thereof, the Noteholders)

OPTIONAL REDEMPTION

NOTICE IS HEREBY GIVEN to the Noteholders that on 21 January 2026 (the Optional Redemption Date):

(a)        pursuant to Condition 5.4 of the Series 2024-1 Class 2A Notes, the Issuer shall redeem the Series 2024-1 Class 2A Notes in full at the aggregate redemption amount together with any accrued and unpaid interest in respect thereof, and interest shall cease to accrue on and after the Optional Redemption Date in respect of the Series 2024-1 Class 2A Notes;

(b)        pursuant to Condition 5.4 of the Series 2024-1 Class 3A Notes, the Issuer shall redeem the Series 2024-1 Class 3A Notes in full at the aggregate redemption amount together with any accrued and unpaid interest in respect thereof, and interest shall cease to accrue on and after the Optional Redemption Date in respect of the Series 2024-1 Class 3A Notes;

(c)        pursuant to Condition 7.2 of the Intercompany Loan Terms and Conditions, the Issuer shall require Funding 1 to prepay the Series 2024-1 Class 2A Term AAA Advance in full at the aggregate outstanding principal amount together with any accrued and unpaid interest in respect thereof, and interest shall cease to accrue on and after the Optional Redemption Date in respect of the Series 2024-1 Class 2A Term AAA Advance; and

(d)        pursuant to Condition 7.2 of the Intercompany Loan Terms and Conditions, the Issuer shall require Funding 1 to prepay the Series 2024-1 Class 3A Term AAA Advance in full at the aggregate outstanding principal amount together with any accrued and unpaid interest in respect thereof, and interest shall cease to accrue on and after the Optional Redemption Date in respect of the Series 2024-1 Class 3A Term AAA Advance.

Capitalised terms used in this notice shall have the meanings given to them in the terms and conditions of the Series 2024-1 Class 2A Notes and Series 2024-1 Class 3A Notes, respectively.

22 December 2025

 

END