68VY Eqty Rel4.a1 39

TIDM68VY

RNS Number : 6052Z

Equity Release Funding (No.4) PLC

15 March 2017

NOTICE

to the holders of the

GBP125,000,000 Class A1 Mortgage Backed Floating Rate Notes due 2039 (XS0197423188);

GBP215,000,000 Class A2 Mortgage Backed Floating Rate Notes due 2039 (XS0197423345);

GBP61,000,000 Class B Mortgage Backed Floating Rate Notes due 2049 (XS0197423774);

GBP16,500,000 Class C Mortgage Backed Deferrable Interest Floating Rate Notes due 2049 (XS0197424236); and

GBP1,000,000 Class D Mortgage Backed Deferrable Interest Floating Rate Notes due 2049 (XS0197424400)

(together, the "Notes")

of Equity Release Funding (No.4) PLC (the "Issuer")

Notice is hereby given to the holders of the Notes (the "Noteholders") that certain amendments have been made to the definitions as used in the Credit Facility Agreement originally entered into between the Issuer, Funding for Equity Release Securitisation Transaction (No. 4) Ltd. ("FFERST4") and Citicorp Trustee Company Limited as trustee (the "Trustee") dated 30 July 2004 (the "Credit Facility Agreement") (such amendments, the "Amendments"). The relevant definitions are currently set out in the Master Definitions and Construction Schedule which is referenced in the Credit Facility Agreement.

The Amendments clarify the drafting of the relevant definitions in the original documentation for the avoidance of doubt. As such, the Credit Facility Agreement has been amended as follows:

(i) the definition of Credit Facility Adjustment Fee has been amended to correct a drafting deficiency in the original documentation and to reflect the manner in which determinations and payments have been made under the relevant Transaction Documents to date;

(ii) the definition of FFERST4 Hedge Agreement has been amended so that any reference to the FFERST4 Hedge Agreement shall be construed as a reference to that document as the same may have been, or may from time to time be amended, varied, novated, supplemented or otherwise transferred in accordance with its terms; and

(iii) the definition of FFERST4 Hedge Provider has been amended so that any reference to FFERST4 Hedge Provider shall be construed so as to include any permitted successors, transferees and assigns.

The Amendments were effected by way of a deed of amendment (the "Deed of Amendment") dated 9 March 2017 entered into between the Issuer, the Credit Facility Provider and the Trustee. The Deed of Amendment was entered into in accordance with Clause 9.1(a) (Modification) of the Trust Deed on the basis that the Amendments, in the opinion of the Trustee, are not materially prejudicial to the interests of the Noteholders.

Copies of the Deed of Amendment are available from the Issuer upon request of Noteholders producing such evidence of their holding of Notes as the Issuer may reasonably require using the contact details below.

Capitalised terms used, but not otherwise defined, in this Notice shall have the meanings given to them in the Master Definitions and Construction Schedule.

This Notice is given by

EQUITY RELEASE FUNDING (NO.4) PLC

c/o Wilmington Trust SP Services (London) Limited, Third Floor, 1 King's Arms Yard, London EC2R 7AF

T +44 (0)20 7397 3600

F +44 (0)20 7397 3601

E TTeam@WilmingtonTrust.com

15 March 2017

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 15, 2017 13:09 ET (17:09 GMT)

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