NOTICE TO THE HOLDERS OF THE OUTSTANDING
NOTES
PAVILLION
MORTGAGES 2021- PLC
(the
Issuer)
£523,013,000.00 Class A
Mortgage Backed Floating Rate Notes due August 2064
(the Class A
Notes) (ISIN: XS2404211786, Common Code:
240421178)
£32,837,000.00 Class B
Mortgage Backed Floating Rate Notes due August 2064
(the Class
B Notes) (ISIN: XS2404212081, Common
Code: 240421208)
£26,867,000.00 Class C
Mortgage Backed Floating Rate Notes due August 2064
(the Class
C Notes) (ISIN: XS2404213055, Common
Code: 240421305)
£8,956,000.00 Class D
Mortgage Backed Floating Rate Notes due August 2064
(the Class
D Notes) (ISIN: XS2404213212, Common
Code: 240421321)
£5,373,000.00 Class E
Mortgage Backed Floating Rate Notes due August 2064
(the Class
E Notes) (ISIN: XS2404213568, Common
Code: 240421356)
£10,449,000.00 Class R
Floating Rate Notes due August 2064 (the Class R Notes)
(ISIN: XS2404214293, Common Code: 240421429)
(together, the Notes)
100 Class X
Certificates (ISIN: XS2404214962, Common Code: 240421496)
and
100 Class Y
Certificates (ISIN:
XS2404215696, Common Code: 240421569)
(together, the
Certificates)
The Notes are admitted to the Official List and
to the London Stock Exchange plc and to trading on its regulated
market.
This announcement may contain inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014, including the Market Abuse Regulation
(EU) 596/2014 as it forms part of UK domestic law by virtue of the
European (Withdrawal) act 2018.
Capitalised terms used, but not defined herein,
shall have the meaning given thereto in the Prospectus dated 16
December 2021 in relation to the issue and offering of the
Notes.
NOTICE IS
HEREBY GIVEN that the Portfolio Option Holder
has exercised the Portfolio Purchase Option resulting in the Notes
being redeemed (and the Certificates cancelled) on the Payment Date
falling in February 2025 (such date being 25 February
2025).
This notice is given by:
PAVILLION
MORTGAGES 2021-1 PLC
Address: 10th Floor 5 Churchill Place, London,
England, E14 5HU
Dated 28 February 2025
