AS13 Eqty Rel2'a1'27

TIDMAS13

RNS Number : 3973T

Equity Release Funding (No. 2) plc

17 July 2020

17 July 2020

Equity Release Funding (No.2) PLC

(the "Issuer")

   Re:       GBP255,000,000 Class A2 Mortgage Backed Notes due 2032 (XS0147706237) 

Following a review of the data and process used to produce the Issuer's quarterly Investor Reports, a number of corrections have been made. The Issuer has today published a restated version of the quarterly Investor Report dated 18 May 2020, and has noted in this version all fields which have been restated. The document is available at www.erfunding.co.uk.

All changes are shown in the restated Investor Report. However, the Issuer notes in particular the following changes:

 
                        Voluntary Repayment   Time to sale 
                         Rate (%)              (days) 
 Published on 18 May 
  2020                  1.30                  225 
                       --------------------  ------------- 
 Restated on 17 July 
  2020                  2.36                  274 
                       --------------------  ------------- 
 Change                 1.06                  49 
                       --------------------  ------------- 
 

All processes that were previously used to generate the statistics have been reviewed, corrected and tested to ensure the issue has been fully resolved. The corrections do not affect the amounts of any payments which have been made under the Notes or to other parties to the securitisation transactions.

This announcement has been shared with Credit Rating Agencies that provide ratings for the Issuer's Portfolio.

This notice is given by:

Equity Release Funding (No.2) PLC

17 July 2020

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

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