TIDM11SF

RNS Number : 0704Q

Silverstone Master Issuer PLC

16 October 2019

SILVERSTONE MASTER ISSUER PLC

(incorporated in England and Wales with limited liability with registered number 06612744)

(the Issuer)

NOTICE

to the holders of:

GBP550,000,000 Series 2018-1 Class 2A Floating Rate Notes due 21 January 2070

(ISIN: Reg S Notes: XS1770381215 / Rule 144A Notes: XS1770381306)

(the Notes and the holders thereof, the Noteholders)

The Issuer has today given a Notice of Meeting in respect of the Notes for the purpose of soliciting a consent to the modification of the terms and conditions of the Notes and consequential or related amendments to the Transaction Documents for the Notes such that the existing Sterling LIBOR interest basis of the Notes is replaced by a Compounded Daily SONIA interest basis, as proposed by the Issuer for approval by Extraordinary Resolution of the Noteholders, all as further described in the Consent Solicitation Memorandum dated 16 October 2019.

To view the following items, please paste the following URL into the address bar of your browser:

   1.         NOTICE OF MEETING IN RESPECT OF THE Notes

http://www.rns-pdf.londonstockexchange.com/rns/0704Q_1-2019-10-16.pdf

   2.         INDICATIVE TIMETABLE FOR THE TIMING OF THE CONSENT SOLICITATION

http://www.rns-pdf.londonstockexchange.com/rns/0704Q_2-2019-10-16.pdf

Capitalised terms used but not defined herein shall have the meanings set out in the Consent Solicitation Memorandum.

Further information relating to the Noteholder Proposal can be obtained from the Solicitation Agent directly:

NatWest Markets Plc

250 Bishopsgate

London, ECM 4AA

United Kingdom

Attention: Liability Management

Telephone number: +44 (0)20 7678 5282

Email: liabilitymanagement@natwestmarkets.com

DISCLAIMER: This announcement must be read in conjunction with the Consent Solicitation Memorandum. The Consent Solicitation Memorandum contains important information which should be read carefully before any decision is made with respect to the Noteholder Proposal. If any Noteholder is in doubt as to the action it should take, it is recommended to seek its own legal or financial advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to vote in respect of the Noteholder Proposal. None of the Issuer, Nationwide Building Society, the Tabulation Agent, the Principal Paying Agent, the Solicitation Agent, the Note Trustee or the Issuer Security Trustee makes any recommendation as to whether or not or how Noteholders should vote in respect of the Noteholder Proposal.

The distribution of this announcement and the Consent Solicitation Memorandum in certain jurisdictions may be restricted by law and persons into whose possession this announcement and the Consent Solicitation Memorandum comes are requested to inform themselves about, and to observe, any such restrictions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCMFBLTMBTBMRL

(END) Dow Jones Newswires

October 16, 2019 05:31 ET (09:31 GMT)

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