THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

XELO Public Limited Company

AIB International Centre

International Financial Services Centre

Dublin 1

Ireland

(the "Issuer")

XELO Public Limited Company Series 2006 (Spinnaker III Europe TRED 1 Series 1) EUR 10,000,000 Secured Limited Recourse Credit-Linked Notes due 2016 (ISIN: XS0278577878) (the "Notes")

EUR 10,000,000 principal amount of the Notes was repurchased by the Issuer on 15 June 2012. The Notes have therefore been cancelled. The Notes are to be delisted with immediate effect.

This Notice is given by XELO Public Limited Company

Dated: 15 June 2012

Contact

Simmons & Simmons LLP

Attention: Arijit Tiwari  

+44 (0)20 7825 4091

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.