The following replaces the announcement released today at 17.06 RNS No. 1605H as the below paragraph has been included 'On 28 December 2011 the Issuer announced that it had received a Credit Event Notice from the Swap Counterparty in relation to the Countrywide Kaufland Reference Obligation'. All other information remains unchanged. The full amended text appears below.
FOR IMMEDIATE RELEASE
To: The Irish Stock Exchange
28 Anglesea Street
Attn: Regulatory Information Services
6 July 2012
Epic (Drummond) Limited
a private limited company incorporated in Ireland
with company registration number 437106
to the holders of the outstanding
€871,175,000 Class A Floating Rate Notes due 2022 (ISIN: XS0303390453)
€53,825,000 Class B Floating Rate Notes due 2022 (ISIN: XS0303391188)
€59,000,000 Class C Floating Rate Notes due 2022 (ISIN: XS0303391428)
€59,000,000 Class D Floating Rate Notes due 2022 (ISIN: XS0303391857)
€61,000,000 Class E Floating Rate Notes due 2022 (ISIN: XS0303392236)
€19,291,000 Class F Floating Rate Notes due 2022 (ISIN: XS0303392400)
€15,500,000 Class G Floating Rate Notes due 2022 (ISIN: XS0303393986)
(collectively referred to as the "Notes")
The Issuer is a special purpose company incorporated for the purpose of issuing the Notes referenced above. The holders of the Notes ("Noteholders") have credit exposure to a portfolio of commercial mortgage loans (each a "Reference Obligation") made by The Royal Bank of Scotland plc ("RBS") to companies acting on behalf of real estate funds resident or having their centre of main interests in one of Gibraltar, Greece, Italy, Poland, Portugal, Spain or the Netherlands (each a "Reference Entity") and the Reference Obligations are secured on commercial properties located in Finland, Germany, Greece, Italy, Poland, Portugal or Spain (the "Properties"). The credit exposure is created by way of credit default swaps between RBS as swap counterparty (the "Swap Counterparty") and the Issuer.
The Notes are admitted to the official list of the Irish Stock Exchange Limited and to trading on its regulated market.
Capitalised terms not otherwise defined in this notice have the meaning given to them in the Prospectus of the Issuer dated 19 June 2007.
On 28 December 2011 the Issuer announced that it had received a Credit Event Notice from the Swap Counterparty in relation to the Countrywide Kaufland Reference Obligation.
The Issuer hereby notifies you that the Servicer has informed it that the Facility Agent for the Countrywide Kaufland Reference Obligation did, on 5 July 2012 accelerated the loan under the credit facility agreement dated 26 March 2007 between (amongst others) TAF Berlin-Biesdorf B.V. as Borrower and Original Guarantor, TAF European Holdings B.V. as Original Guarantor, The Royal Bank of Scotland plc, Niederlassung Frankfurt as Original Lender (the "Senior Lender") and The Royal Bank of Scotland plc, Niederlassung Frankfurt as Facility Agent and Security Agent (the "Credit Facility Agreement") and, on 6 July 2012, the Security Agentsubmitted bankruptcy petitions in respect of the following companies (being the Countrywide Kaufland Reference Entities and their parent company) to the competent Dutch court on the instructions of the Servicer:
· TAF BERLIN-BIESDORF B.V. (formerly AIRPORTS UNITED B.V.)
· TAF DESSAU B.V. (formerly TWCKE R.E. B.V.)
· TAF FREIBERG B.V. (formerly NUBILA B.V.)
· TAF HALLE B.V. (formerly EMIPA B.V.)
· TAF JENA B.V. (formerly SPBO PROJECTONTWIKKELING B.V.)
· TAF ELLWANGEN B.V. (formerly ABUDANTIA B.V.)
· TAF HANNOVER B.V. (formerly PROSELL VASTGOED-EN ASSURANTIEBEMIDDELING B.V)
· TAF MEISSEN B.V. (formerly THORWERCKE B.V.)
· TAF PLAUEN B.V. (formerly DORWERCKEN TAX B.V.)
· TAF ORANIENBURG B.V. (formerly PORTOCALE B.V)
· TAF EUROPEAN HOLDINGS B.V.
The Servicer has also advised the Issuer that, following the bankruptcy filing, the Servicer continues to