NOTICE TO THE HOLDERS OF
£729,000,000 Class A Commercial Mortgage Backed Floating Rate Notes due 2020
ISIN (Reg S Notes) XS0294756449 ISIN (Rule 144a Notes)
£100,000 Class X Commercial Mortgage Backed Notes due 2020
ISIN (Reg S Notes) XS0294756878 ISIN (Rule 144a Notes)
£48,000,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2020
ISIN (Reg S Notes) XS0294757173 ISIN (Rule 144a Notes)
£54,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2020
ISIN (Reg S Notes) XS0294757256 ISIN (Rule 144a Notes)
£53,500,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2020
ISIN (Reg S Notes) XS0294757504 ISIN (Rule 144a Notes)
£9,930,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2020
ISIN (Reg S Notes) XS0294757686 ISIN (Rule 144a Notes)
(together the "Notes")
Indus (Eclipse 2007-1) plc (the "Issuer")
Words and expressions used in this notice and not defined herein shall have the meaning given to them in the prospectus dated 4 April 2007 in respect of the issuance of £894,530,000 commercial mortgage backed floating rate notes due 2020 by the Issuer.
Pursuant to paragraph 13.7 of Schedule 1 to the Servicing Agreement, the Special Servicer has made the following information (shown in quotation marks below) available to the Issuer. The Issuer and Trustee note that they have not been involved in the preparation of this information and in accordance with normal practice the Issuer and the Trustee express no opinion in respect of the information contained in this Notice. Furthermore, this Notice is issued without prejudice to any and all of the Issuer's and Trustee's rights under the Transaction Documents, all of which are expressly reserved.
This Notice is solely directed to the holders of the Notes and should not be relied upon or used by any other person.
"Greater London Portfolio
The loan comprises two office buildings in London: 55 Old Broad Street, EC2 located in the City of London and 25 Camperdown Street, E1 located on the eastern fringe of the City of London.
LPA Receivers appointed have advised the Special Servicer that following the exchange of contracts on 30 May 2012 in respect of the 55 Old Broad Street asset, completion occurred as scheduled on 29 June 2012.
A gross sale price of £54.15m was achieved for 55 Old Broad Street: this is in line with a recent valuation commissioned by the Special Servicer.
This follows the sale of the Central House asset which completed on 15 June 2012 at a gross sale price of £8.6m, representing a 6.2% premium to a recent valuation commissioned by the Special Servicer."
Indus (Eclipse 2007-1) plc
35 Great St Helen's
BNY Mellon Corporate Trustee Services Limited
One Canada Square
(in its capacity as Trustee)
Date: 2 July 2012
This announcement has been issued through the