SOUTHERN PACIFIC SECURITIES 04-1 PLC
4th Floor
40 Dukes Place
London
EC3A 7NH
(a public limited company incorporated in England & Wales with registered
number 04930716)
INSTRUMENTHOLDER IDENTIFICATION REQUEST
£177,700,000 Class A2 Mortgage Backed Floating Rate Notes due 2042
Reg S ISIN: XS0186713797
£31,500,000 Class M Mortgage Backed Floating Rate Notes due 2042
Rule 144A Notes ISIN: US84359TAB35; CUSIP: 84359TAB3
Reg S ISIN: XS0186714506
£6,000,000 Class B Mortgage Backed Floating Rate Notes due 2042
Reg S ISIN: XS0186715222
Purpose of this Request
The Issuer has been requested by Lloyds Bank plc as Liquidity Facility Provider
("Lloyds") to send out this identification request on their behalf. Lloyds
would like to identify the Instrumentholders for the reasons set out in the
attached Notice from Lloyds.
The Issuer has been informed by Lloyds that any information gathered through
this exercise, subject to applicable laws and regulations, will be kept
confidential within the group consisting of Lloyds and its professional
advisers, and will be used by members of that group only to contact
Instrumentholders.
Action Requested and Deadline
Lloyds requests that Instrumentholders and custodians return to its duly
appointed Information Agent, Lucid Issuer Services Limited, a completed
Instrumentholder Reply Form in the form attached as a schedule hereto by email
to lloyds@lucid-is.com, or an electronic instruction through the relevant
clearing system, no later than 5p.m.London timeon 25 September 2014 in respect
of each Beneficial Holder for whom they hold the securities specified above.
Instrumentholders will be expected to provide evidence, to the satisfaction of
Lucid, of their holdings in any of the Instruments as of close of business on 1
2 September 2014.
IMPORTANT COMMUNICATION FROM LLOYDS BANK PLC FOR THE INSTRUMENTHOLDERS OF:
SOUTHERN PACIFIC SECURITIES 04-1 PLC
Lloyds Bank plc as the Liquidity Facility Provider under Southern Pacific
Securities 04-1 Plc securitisation would like to put forward proposals around
the restructuring of the liquidity facility, encompassing a reduction of the
amount of the liquidity facility commitment by way of amending the Liquidity
Facility Agreement. This would benefit the Instrumentholders by reducing costs
incurred by the Issuer and therefore increase the amounts available to
Instrumentholders. The amendment proposals will also include significant
consent fees available to all classes of Instrumentholders required to vote to
support the amendments. Consent fees will be payable to Instrumentholders who
vote to approve the proposed amendments in the event that the amendments are
effected.
Lloyds Bank plc wishes to identify Instrumentholders to facilitate forthcoming
communication about the proposals.
For and on behalf of
Lloyds Bank plc
If you have any questions or require any clarification about this Notice,
please contact Lucid at the contact details below.
In accordance with normal practice, neither the Issuer nor the Trustee(nor any
of their respective advisors) has been involved in the formulation of this N
otice or has verified the information contained in any part of the Notice.
Further, neither the Issuer nor the Trustee(nor any of their respective
advisors) expresses any opinion as to the purpose or merits of the contents of
this Notice or as to the action Instrumentholders should take in relation
thereto. Neither the Issuer nor the Trustee(nor any of their respective
advisors) makes any representation regarding the accuracy, sufficiency,
relevance or otherwise of anyinformation contained in this Notice or otherwise
disclosed or to be disclosed to Instrumentholder by Lloyds, its advisers or
agents. Neither the Issuer nor the Trustee(nor any of their respective
advisors) accepts any liability in relation to the matters set out in this N
otice or in connection with any communications or dealings with Lloydsor its
advisers or agents.
Please note that nothing in this Notice is intended to amount to an invitation
or inducement to engage in investment activity nor does it constitute or form
part of, and should not be construed as, an offer for sale, exchange or
subscription of, or a solicitation of any offer to buy, exchange or subscribe
for any securities of the Issuer or any other entity. The distribution of this
Notice may nonetheless be restricted by law in certain jurisdictions. Persons
into whose possession this Notice comes are required by the Issuer and the
Trustee and to inform themselves about, and to observe, any such restrictions.
This Notice does not constitute a solicitation in any circumstances in which
such solicitation is unlawful. Neither the Issuer nor the Trustee will incur
any liability for its own failure or the failure of any other person or persons
to comply with the provisions of any such restrictions.
This Notice is given by the Issuer.
Queries may be addressed to the Information Agent as follows:
Lucid Issuer Services Limited
Attention: Victor Parzyjagla
Telephone: + 44 20 7704 0880
Fax: + 44 20 7067 9098
E-mail: lloyds@lucid-is.com
This Notice is dated 15 September 2014.
Schedule
INSTRUMENTHOLDER REPLY FORM
A. As of the close of business on 12 September 2014 (the "Record Date"), the
person identified in section D below was the Beneficial Holder of the following
Securities:
Title of the Securities Class ISIN Position
Southern Pacific A2 XS0186713797 £
Securities 04-1 PLC
Southern Pacific M XS0186714506 £
Securities 04-1 PLC
Southern Pacific B XS0186715222 £
Securities 04-1 PLC
B. The name of the Direct Participant who is shown in the records of the
clearing and settlement systems of Euroclear or Clearstream is: ________
C. The Direct Participant's DTC ☐* or Euroclear ☐* or Clearstream ☐* account
number is: _____________
*please tick as appropriate
D. The name and contact details of the Beneficial Holderof the Instruments are
Name of Beneficial Holder:
Authorized Employee of Beneficial
Holder:
(if institutional)
Domicile:
Telephone Number:
E-mail Address:
E. The contact details of the Direct Participant (mentioned in section B above)
of the Instruments is:
Authorized Employee of Custodian:
Department:
Title:
Telephone Number:
E-mail:
Signature:
Please return all pages of this form by 5 p.m. London time on 25 September 2014
to:
Lucid Issuer Services Limited
Attention: Victor Parzyjagla
Fax: + 44 20 7067 9098
E-mail: lloyds@lucid-is.com
If you have any questions on any part of this form, please call Lucid on + 44
20 7704 0880.
