Breaking News

Tweet TWEET

SOUTHERN PACIFIC SECURITIES 04-1 PLC: Notice To The Noteholders

SOUTHERN PACIFIC SECURITIES 04-1 PLC (the "Issuer")               


                                   4th Floor                                   
                                40 Dukes Place                                 
                                    London                                     


                               EC3A 7NH                                    
  (a public limited company incorporated under the laws of England and Wales    


                        with registered number 4930716)                        
                   NOTICE TO THE HOLDERS (the "Noteholders")                   
                                of those of the                                
      £177,700,000 Class A2 Mortgage Backed Floating Rate Notes due 2042       
                             (ISIN: XS0186713797)                              
                             (the"Class A2 Notes")                             
       £31,500,000 Class M Mortgage Backed Floating Rate Notes due 2042        
                      (ISIN: XS0186714506, US84359TAB35)                       
                             (the"Class M Notes")                              
        £6,000,000 Class B Mortgage Backed Floating Rate Notes due 2042        
                             (ISIN: XS0186715222)                              
                             (the"Class B Notes")                              
                     together referred to as the "Notes".                      
                      of the Issuer presently outstanding                      
        THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION         

If you are in any doubt as to the action you should take, you are recommended
to seek your own financial and legal advice immediately from your stockbroker,
bank manager, solicitor, accountant or other financial adviser authorised under
the Financial Services and Markets Act 2000 (if you are in the United Kingdom),
or from another appropriately authorised independent financial or legal
adviser.

If you have recently sold or otherwise transferred your entire holding(s) of
Notes referred to below, you should immediately forward this document to the
purchaser or transferee or to the stockbroker, bank or other agent through whom
the sale or transfer was effected for transmission to the purchaser or
transferee.

Capitalised terms used in this Notice and not specifically defined in this
Notice will bear the same meaning as in the Master Definitions Schedule dated
26 February 2004 between, amongst others, the Issuer and the Trustee, as
amended, restated, supplemented, modified or otherwise varied from time to time
(the "Master Definitions Schedule").

References in this Notice to a "Class of Notes" shall be deemed to be a
reference to the Class A2 Notes, the Class M Notes or the Class B Notes, as the
case may be.

NOTICE IS HEREBY GIVEN to the Noteholders that, at the resepctive Meetings of
the holders of the Notes, convened by the Issuer by the Notice to Noteholders
dated 18 December 2012 (the "Notice of Meetings") and held on 16 January 2013,
the Extraordinary Resolution (as set out in the Notices

of Meetings) was duly passed by the holders of each Class of Notes.

This notice is given by the Issuer

18 January 2013
                            Principal Paying Agent                             
                  The Bank of New York Mellon, London Branch                   
                               One Canada Square                               
                                London E14 5AL                                 
                      Attention: CT Events Administration                      
                          Telephone: +44 20 7964 4958                          
    Fax: +44 20 7964 2536 (for the attention of Debt Restructuring Services    
                    E-mail: debtrestructuring@bnymellon.com                    
                                    Issuer                                     
                     Southern Pacific Securities 04-1 PLC                      
                                   4th Floor                                   
                                40 Dukes Place                                 
                                London EC3A 7NH                                
                          Telephone: +44 203 367 8200                          
                             Fax: +44 203 170 0246                             
                   E-mail: spvservices@capitafiduciary.co.uk                   
    END

-0- Jan/23/2013 10:06 GMT