Notice to Noteholders

Lannraig Master Issuer PLC

19 May 2025

 

EXECUTION VERSION

NOTICE OF CANCELLATION OF ADMISSION TO LISTING ON THE OFFICIAL LIST AND CANCELLATION OF ADMISSION TO TRADING ON THE REGULATED MARKET OF THE LONDON STOCK EXCHANGE PLC

LANNRAIG MASTER ISSUER PLC

(Registered in England and Wales under number 7454283) (the "Issuer")

GBP 250,000,000 Series 2018-1 Class 2A Notes due 2069 ISIN XS1886621702 (the "Series 2018- 1 Class 2A Notes")

GBP 600,000,000 Series 2023-1 Class 1A Notes due 2069 ISIN XS2611217279 (the "Series 2023- 1 Class 1A Notes")

(above together, the "Notes")

NOTICE IS HEREBY GIVEN that:

(a)       the London Stock Exchange plc (the "Exchange") has been informed by the Issuer that on or about the date hereof, the Issuer has entered into a deed of termination with, amongst others, Clydesdale Bank plc as holder of the Notes whereby, amongst others, parties to the £10 billion residential buy to let mortgage backed note programme established on 30 September 2011 by the Issuer (the "Programme") agreed to the termination of the transaction documents pertaining to the Programme, the redemption in full of the outstanding Notes and the unwinding of the Programme;

(b)       the Exchange has been informed by the Issuer that the Issuer has fully redeemed all of the outstanding Notes on 19 May 2025 (the "Redemption Date"), pursuant to Condition 5(D) (Optional redemption in full or in part) of the Notes;

(c)       written request has been made to the Financial Conduct Authority (the "FCA") to cancel the listing of the Notes on the Official List maintained by the FCA with effect from the Redemption Date; and

(d)       the Exchange has been requested to cancel the admission of the Notes to trading on the Exchange with effect from the Redemption Date.

Dated:

19 May 2025

 

END