REDEMPTION
NOTICE
SOUTHERN PACIFIC
SECURITIES 05-1 PLC
Notice to the
holders of all outstanding
€153,000,000 Class A1a Mortgage
Backed Floating Rate Notes due 2025
Issue Price: 100 per cent.
£160,850,000 Class A1c
Mortgage Backed Floating Rate Notes due 2025
Issue Price: 100 per cent.
€153,000,000 Class A2a Mortgage
Backed Floating Rate Notes due 2043
Issue Price: 100 per cent.
£230,850,000 Class A2c Mortgage
Backed Floating Rate Notes due 2043
(with Class A2c Detachable Coupons)
Issue Price: 100 per cent.
£45,500,000 Class B1c Mortgage
Backed Floating Rate Notes due 2043
Issue Price: 100 per cent.
£26,250,000 Class C1c Mortgage
Backed Floating Rate Notes due 2043
Issue Price: 100 per cent.
£22,750,000 Class D1c Mortgage
Backed Floating Rate Notes due 2043
Issue Price: 100 per cent.
£3,500,000 Class E Mortgage Backed
Floating Rate Notes due 2043
Issue Price: 100 per cent.
(together the
“Notes”)
issued by Southern
Pacific Securities 05-1 PLC (the “Issuer”)
The Issuer refers to its notice dated 9
February 2018 (the "Issuer's Notice").
NOTICE IS HEREBY GIVEN to the Noteholders that in accordance
with the Issuer's notice to Noteholders of its intention to redeem
the Notes pursuant to Condition 5(d) (Early Redemption), as
set out in the Issuer's Notice, the Issuer has redeemed the Notes
in full at their Sterling Equivalent Principal Amount Outstanding
including all accrued but unpaid interest on 12 March 2018. Accordingly, the listing of
the Notes on the Official List of the FCA and the admission of the
Notes to trading on the Regulated Market of the London Stock
Exchange plc will be cancelled on, or shortly after, 13 March 2018.
Noteholders who have queries in relation to the above matters
should contact the Directors of Southern Pacific Securities 05-1
PLC, 6th Floor, 65 Gresham Street, London EC2V 7NQ; email:
spvservices@linkgroup.co.uk; attn.: The Directors for further
information.
Defined terms used in this notice will have the meaning given to
them in the prospectus of the Issuer dated 15 February 2005.
13 March
2018
for and on behalf of
Southern Pacific Securities 05-1 PLC
