REG - Silverstone Mst Iss - OPTIONAL REDEMPTION

M&t BankAnnouncement

05/06/2023 17:00

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RNS Number : 6990B  Silverstone Master Issuer PLC  05 June 2023

NOTICE TO THE HOLDERS OF

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

(the Issuer)

 

£550,000,000 Series 2018-1 Class 2A Residential Mortgage Backed Notes due 21
January 2070

(Reg S ISIN: XS1770381215, Rule 144A ISIN: XS1770381306; Reg S Common Code:
177038121, Rule 144A Common Code: 177038130)

 

(the holders thereof, the Noteholders)

 

OPTIONAL REDEMPTION

NOTICE IS HEREBY GIVEN to the Noteholders that on 21 July 2023 (the Optional
Redemption Date):

(a)        pursuant to Condition 5.4 of the Series 2018-1 Class 2A
Notes, the Issuer shall redeem the Series 2018-1 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 2018-1 Class 2A Notes; and

(b)        pursuant to Condition 8.2 of the Intercompany Loan Terms and
Conditions, the Issuer shall require Funding 1 to prepay the Series 2018-1
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 2018-1 Class 2A Term AAA Advance.

Capitalised terms used in this notice shall have the meanings given to them in
the terms and conditions of the Series 2018-1 Class 2A Notes.

5 June 2023

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