Statement re Notice of Redemption (8898A)

TIDM69FR

RNS Number : 8898A

Permanent Financing (No.9) PLC

08 February 2011

RNS ANNOUNCEMENT

PERMANENT FINANCING (NO. 9) PLC (the Ninth Issuer)

NOTICE OF REDEMPTION

$1,000,000,000 Series 3 Class A Asset Backed Floating Rate Notes due June 2033

(Reg S Common Code: 024834760 & Reg S ISIN: XS0248347600

& 144A Common Code: 24852121 & 144A ISIN: US71419XAG88)

$38,000,000 Series 3 Class B Asset Backed Floating Rate Notes due June 2042

(Reg S Common Code: 024835090 & Reg S ISIN: XS0248350901

& 144A Common Code: 24852148 & 144A ISIN: US71419XAH61)

$41,900,000 Series 3 Class C Asset Backed Floating Rate Notes due June 2042

(Reg S Common Code: 024835146 & Reg S ISIN: XS0248351461

& 144A Common Code: 24852229 & 144A ISIN: US71419XAJ28)

8 February 2011

Notice is given by the Ninth Issuer to the Ninth Issuer Noteholders that the Seller on the Funding 1 Interest Payment Date intends to make a payment to Funding 1 pursuant to and in compliance with Clause 7.1(a) of the Mortgages Trust Deed in an amount which together with the Funding 1 Available Principal Receipts that will be available to Funding 1 in accordance with the Funding 1 Pre-Enforcement Principal Priority of Payments will be sufficient to enable Funding 1 to repay the full amount outstanding under the:

-- Ninth Issuer Series 3 Term AAA Advance;

-- Ninth Issuer Series 3 Term AA Advance; and

-- Ninth Issuer Series 3 Term BBB Advance,

so that the Ninth Issuer is able to redeem the following Ninth Issuer Notes in full on 10 March 2011 pursuant to and in compliance with Condition 5(B):

-- $1,000,000,000 Series 3 Class A Asset Backed Floating Rate Notes due June 2033;

-- $38,000,000 Series 3 Class B Asset Backed Floating Rate Notes due June 2042; and

-- $41,900,000 Series 3 Class C Asset Backed Floating Rate Notes due June 2042.

All defined terms used in this notice shall have the meaning given to them in the Ninth Issuer Master Definitions and Construction Schedule dated 22 March 2006 and the Amended and Restated Master Definitions and Construction Schedule dated 6 July 2010 (as applicable).

For further information please contact:

Bank of Scotland plc

Structured Securitisation Group

10 Gresham Street

London

EC2V 7AE

Attention: Gavin Parker

This information is provided by RNS

The company news service from the London Stock Exchange

END

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