81RB Sandwell 2 'a'

TIDM81RB

RNS Number : 9023T

Sandwell Commercial Finance No2 PLC

22 March 2023

Sandwell Commercial Finance No.2 Plc Notice to Noteholders

NOTICE TO THE HOLDERS OF THE OUTSTANDING:

GBP17,150,000 Class C Mortgage Backed Floating Rate Notes due 2037

(ISIN: XS0229030712; Common Code: 022903071),

GBP21,700,000 Class D Mortgage Backed Floating Rate Notes due 2037

(ISIN: XS0229031017; Common Code: 022903101),

GBP14,000,000 Class E Mortgage Backed Floating Rate Notes due 2037

(ISIN: XS0229031280; Common Code: 022903128),

(together, the "Notes")

of

Sandwell Commercial Finance No. 2 PLC

(the "Issuer")

In light of the announcement by the FCA that 3-month synthetic sterling LIBOR will cease permanently at the end of March 2024, the Issuer has requested the Servicer to seek to engage with the holders of the Notes to canvas opinion on the potential options for the remaining LIBOR exposures. Such discussions will not bind the Issuer or holders of the Notes.

Noteholders are requested to disclose their identity and provide proof of holding to the Servicer or the Issuer as soon as possible in order to participate in discussions. Noteholders are encouraged to take their own advice as to the potential implications of the cessation of LIBOR.

The Issuer reserves the right to take any necessary action if resolution cannot be achieved by way of Noteholder discussions.

Noteholders seeking further information should contact the Servicer at:

_StructuredFinance@westbrom.co.uk

DISCLAIMER

Nothing in this announcement constitutes or should be construed as constituting an offer of securities issued by the Issuer ("Securities"), an offer to purchase any Securities or an offer to modify the terms and conditions of any Securities.

This Notice is given by:

Sandwell Commercial Finance No. 2 Plc

Wilmington Trust SP Services (London) Ltd

Third Floor, Kings Arms Yard

London EC2R 7AF

Dated 23 March 2023

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END

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