Noteholder Notice
01 August 2009 - 1:31AM
UK Regulatory
TIDM81NF TIDM81NK TIDM81NH TIDM81NM TIDM81NN TIDM81NR TIDM81NS TIDM81NT TIDM81NV
31 July 2009
Leek Finance Number Fifteen PLC
10 Upper Bank Street
London E14 5JJ
(the Issuer)
To the Noteholders of:
GBP425,000,000 Class Aa Mortgage Backed Floating Rate Notes
due 2037
Regulation S ISIN Number XS0216896372
Regulation S Common Code 021689637
US$310,000,000 Class Ab Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216896703
Common Code 021689670
Rule 144A ISIN Number US52426VAA61
Rule 144A Common Code 021776114
CUSIP 52426VAA6
EUR520,000,000 Class Ac Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216897859
Common Code 021689785
GBP10,000,000 Class Ma Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216898238
Common Code 021689823
EUR79,000,000 Class Mc Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216898741
Common Code 021689874
GBP20,000,000 Class Ba Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216900075
Common Code 021690007
EUR34,000,000 Class Bc Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216900406
Common Code 021690040
GBP43,000,000 Class Cc Mortgage Backed Floating Rate Notes
due 2037
ISIN Number XS0216901552
Common Code 021690155
Terms used but not defined in this notice bear the same meaning as set out
in the Master Framework Agreement made between, inter alios, the Issuer and
the Trustee dated 27 April 2005.
NOTICE IS HEREBY GIVEN TO THE NOTEHOLDERS that on 1 August 2009 (the
Vesting Date) Britannia Building Society (Britannia) will transfer all of
its engagements to the Co-operative Bank p.l.c (the Co-op) pursuant to
sections 97-102D of the Building Societies Act 1986, as modified by an
order made by HM Treasury under section 3 of the Building Societies
(Funding) and Mutual Societies (Transfers) Act 2007, and Britannia will
cease to exist. On and from the Vesting Date, Britannia's obligations under
the Transaction Documents to which it is a party will pass to the Co-op.
The Trustee has exercised its right under clause 17.1(a) of the Trust Deed
to concur with the Issuer and the other relevant parties in the
modification of the Britannia GIC Agreement to reflect the fact that on and
from the Vesting Date, Britannia's obligations will be subsumed by a bank.
Leek Finance Number Fifteen PLC
END
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