Loan Tranche Supplement between Granite Finance Funding 2 Limited, Granite Master Issuer PLC, The Bank of New York, and Citibank, N.A. (May 24, 2006)
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Summary
This agreement supplements a prior loan arrangement between Granite Finance Funding 2 Limited (the borrower) and Granite Master Issuer PLC (the lender), with The Bank of New York acting as security trustee and Citibank, N.A. as agent bank. It sets out the specific terms for several loan tranches funded by the issuance of notes, including principal amounts, interest rates, payment schedules, and repayment terms. The agreement details how and when payments are to be made, the applicable interest rates, and the final repayment date in April 2031.
EX-4.1.2 3 efc6-1646_ex412.txt Exhibit 4.1.2 EXECUTION VERSION Dated 24 May, 2006 GRANITE FINANCE FUNDING 2 LIMITED as Funding 2 GRANITE MASTER ISSUER PLC as Master Issuer THE BANK OF NEW YORK as Funding 2 Security Trustee CITIBANK, N.A. as Agent Bank ---------------------------------------------------------------- LOAN TRANCHE SUPPLEMENT ---------------------------------------------------------------- SIDLEY AUSTIN WOOLGATE EXCHANGE 25 BASINGHALL STREET LONDON EC2V 5HA TELEPHONE 020 7360 3600 FACSIMILE 020 7626 7937 THIS LOAN TRANCHE SUPPLEMENT is dated 24 May, 2006 between: (1) GRANITE FINANCE FUNDING 2 LIMITED (registered number ###-###-####) a private limited liability company incorporated under the laws of England and Wales whose registered office is at Fifth Floor, 100 Wood Street, London EC2V 7EX as Funding 2; (2) GRANITE MASTER ISSUER PLC (registered number ###-###-####) a public limited company incorporated under the laws of England and Wales whose registered office is at Fifth Floor, 100 Wood Street, London EC2V 7EX as Master Issuer; (3) THE BANK OF NEW YORK, acting through its office at 48th Floor, One Canada Square, London E14 5AL in its capacity as the Funding 2 Security Trustee; and (4) CITIBANK, N.A., acting through its office at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB in its capacity as the Agent Bank. This document constitutes the Loan Tranche Supplement relating to the Loan Tranches described herein. Terms used herein shall be deemed to be defined as such for the purposes of the Global Intercompany Loan Agreement entered into between the parties hereto on 19 January, 2005. This Loan Tranche Supplement contains the final terms of the Loan Tranches identified and described herein, is supplemental to and must be read in conjunction with the Global Intercompany Loan Agreement. Loan Tranche: The Series 2006-2 Class A1 Notes will fund the Series 2006-2 AAA (Class A1) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AAA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)430,851,064 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date each Monthly Payment Date falling in April, July, October and January of each year beginning in July 2006 (or, if such date is not a London Business Day, the next following London Business Day), up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in April 2031. 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 9. Relevant Screen Rate: LIBOR for three-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits. 11. Relevant Margin: -0.0117 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 2 13. Relevant Margin following +0.1266 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 381,864,725 October 2006 310,828,734 January 2007 242,621,069 April 2007 177,129,121 July 2007 114,244,762 October 2007 53,864,169 January 2008 0 April 2008 0 July 2008 0 October 2008 0 January 2009 0 April 2009 0 July 2009 0 October 2009 0 January 2010 0 April 2010 0 3 July 2010 0 October 2010 0 January 2011 0 April 2011 0 July 2011 0 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 4 Loan Tranche: The Series 2006-2 Class A2 Notes will fund the Series 2006-2 AAA (Class A2) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AAA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)204,359,673 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Reset Dates: Tranche Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in April 2031. 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 5 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: -0.0064 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011. 13. Relevant Margin following +0.1436 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 181,124,655 October 2006 147,431,128 January 2007 115,079,123 April 2007 84,015,226 July 2007 54,188,150 October 2007 25,548,652 January 2008 0 April 2008 0 July 2008 0 October 2008 0 6 January 2009 0 April 2009 0 July 2009 0 October 2009 0 January 2010 0 April 2010 0 July 2010 0 October 2010 0 January 2011 0 April 2011 0 July 2011 0 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 7 Loan Tranche: The Series 2006-2 Class A3 Notes will fund the Series 2006-2 AAA (Class A3) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AAA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)70,000,000 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in April 2031. 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 8 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.03 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.06 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 62,041,232 October 2006 50,500,076 January 2007 39,418,435 April 2007 28,778,015 July 2007 18,561,248 October 2007 8,751,265 January 2008 0 April 2008 0 July 2008 0 October 2008 0 9 January 2009 0 April 2009 0 July 2009 0 October 2009 0 January 2010 0 April 2010 0 July 2010 0 October 2010 0 January 2011 0 April 2011 0 July 2011 0 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 10 Loan Tranche: The Series 2006-2 Class A4 Notes will fund the Series 2006-2 AAA (Class A4) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AAA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)678,191,489 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii)Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054. 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 11 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.0311 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.2122 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 678,191,489 October 2006 678,191,489 January 2007 678,191,489 April 2007 678,191,489 July 2007 678,191,489 October 2007 678,191,489 January 2008 678,191,489 12 April 2008 616,528,210 July 2008 535,710,506 October 2008 458,110,591 January 2009 383,600,349 April 2009 312,056,762 July 2009 243,361,713 October 2009 177,401,786 January 2010 114,068,080 April 2010 53,256,031 July 2010 0 October 2010 0 January 2011 0 April 2011 0 July 2011 0 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 13 Loan Tranche: The Series 2006-2 Class A5 Notes will fund the Series 2006-2 AAA (Class A5) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AAA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)926,430,518 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 14 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: + 0.0695 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.2890 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 926,430,518 October 2006 926,430,518 January 2007 926,430,518 April 2007 926,430,518 July 2007 926,430,518 October 2007 926,430,518 January 2008 926,430,518 15 April 2008 926,430,518 July 2008 926,430,518 October 2008 926,430,518 January 2009 926,430,518 April 2009 926,430,518 July 2009 926,430,518 October 2009 926,430,518 January 2010 926,430,518 April 2010 926,430,518 July 2010 919,310,065 October 2010 841,562,550 January 2011 766,910,583 April 2011 695,230,916 July 2011 632,660,133 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 16 Loan Tranche: The Series 2006-2 Class A6 Notes will fund the Series 2006-2 AAA (Class A6) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AAA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)500,000,000 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii)Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 17 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.11 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2013 13. Relevant Margin following +0.22 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 AAA Class A6 Loan Tranche will become due on the Loan Payment Date falling in July 2013 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 18 Loan Tranche: The Series 2006-2 Class B1 Notes will fund the Series 2006-2 AA (Class B1) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)15,425,532 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii)Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 19 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.0651 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.2802 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 15,425,532 October 2006 15,425,532 January 2007 15,425,532 April 2007 15,425,532 July 2007 15,425,532 October 2007 15,425,532 January 2008 12,086,361 20 April 2008 0 July 2008 0 October 2008 0 January 2009 0 April 2009 0 July 2009 0 October 2009 0 January 2010 0 April 2010 0 July 2010 0 October 2010 0 January 2011 0 April 2011 0 July 2011 0 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 21 Loan Tranche: The Series 2006-2 Class B2 Notes will fund the Series 2006-2 AA (Class B2) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)19,148,936 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 22 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.1386 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.4272 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 AA Class B2 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 23 Loan Tranche: The Series 2006-2 Class B3 Notes will fund the Series 2006-2 AA (Class B3) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: AA (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)25,544,959 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 24 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.1160 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.3820 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 AA Class B3 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 25 Loan Tranche: The Series 2006-2 Class M1 Notes will fund the Series 2006-2 A (Class M1) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: A (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)13,297,872 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii)Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 26 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.1753 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.5006 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Controlled Amortisation 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Applicable Repayment Loan Tranche: Controlled Repayment Dates Target Balance: Loan Payment Date occurring in: (GBP) July 2006 13,297,872 October 2006 13,297,872 January 2007 13,297,872 April 2007 13,297,872 July 2007 13,297,872 October 2007 13,297,872 January 2008 10,419,277 27 April 2008 0 July 2008 0 October 2008 0 January 2009 0 April 2009 0 July 2009 0 October 2009 0 January 2010 0 April 2010 0 July 2010 0 October 2010 0 January 2011 0 April 2011 0 July 2011 0 October 2011 0 January 2012 0 April 2012 0 July 2012 0 October 2012 0 January 2013 0 April 2013 0 July 2013 0 19. Details relating to Not Applicable Pass-through Loan Tranches: 20. Other terms and special Not Applicable conditions: 28 Loan Tranche: The Series 2006-2 Class M2 Notes will fund the Series 2006-2 A (Class M2) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: A (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)13,297,872 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii)Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 29 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.2434 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.6368 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 A Class M2 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 30 Loan Tranche: The Series 2006-2 Class M3 Notes will fund the Series 2006-2 A (Class M3) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: A (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)23,841,962 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054. 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 31 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.2210 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.5920 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 A Class M3 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 32 Loan Tranche: The Series 2006-2 Class M4 Notes will fund the Series 2006-2 A (Class M4) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: A (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)10,000,000 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054. 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 33 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.23 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.46 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 A Class M4 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 34 Loan Tranche: The Series 2006-2 Class C1 Notes will fund the Series 2006-2 BBB (Class C1) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: BBB (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)39,893,617 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii)Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 35 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.5032 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +1.1564 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 BBB Class C1 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 36 Loan Tranche: The Series 2006-2 Class C2 Notes will fund the Series 2006-2 BBB (Class C2) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: BBB (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)37,465,940 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 37 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.4770 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +1.0000 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 BBB Class C2 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 38 Loan Tranche: The Series 2006-2 Class C3 Notes will fund the Series 2006-2 BBB (Class C3) Loan Tranche which shall have the following terms: 1. Borrower: Granite Finance Funding 2 Limited 2. Lender: Granite Master Issuer plc 3. (i) Loan Tranche Rating: BBB (ii) Series Number: Series 2006-2 4. Initial Outstanding Principal (GBP)12,000,000 Balance: 5. (i) Closing Date: 24 May, 2006 (ii) Loan Tranche Interest 24 May, 2006 Commencement Date: (iii) Loan Tranche Interest In respect of the first Loan Tranche Reset Dates: Interest Reset Date, the Loan Tranche Interest Commencement Date and, for each subsequent Loan Tranche Interest Reset Date, the Monthly Payment Date falling in January, April, July and October of each year (or, if such date is not a London Business Day, the next following London Business Day) or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, each Monthly Payment Date of each year (or, if such date is not a London Business Day, the next following London Business Day), in each case, up to, and including, the Final Repayment Date. 6. Final Repayment Date: The Loan Payment Date falling in December 2054 7. Loan Payment Dates: Each Monthly Payment Date in each year (or, if such date is not a London Business Day, the next following London Business Day) up to and including the Final Repayment Date. 8. Initial Relevant Screen Rate: The linear interpolation of one month sterling LIBOR and two month sterling LIBOR. 39 9. Relevant Screen Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 10. Loan Reference Rate: LIBOR for three-month sterling deposits or, following the earlier to occur of the Step-Up Date in relation to this Loan Tranche or a Pass-Through Trigger Event, LIBOR for one-month sterling deposits. 11. Relevant Margin: +0.47 per cent. per annum 12. Step-Up Date: The Loan Payment Date occurring in July 2011 13. Relevant Margin following +0.94 per cent. per annum Step-Up Date: 14. Redemption/Payment Basis: Pass-through 15. Change of Redemption/Payment Not Applicable Basis: 16. Details relating to Bullet Not Applicable Loan Tranche: 17. Details relating to Scheduled Not Applicable Repayment Loan Tranche: 18. Details relating to Controlled Not Applicable Repayment Loan Tranche: 19. Details relating to Applicable Pass-through Loan Tranches: The Series 2006-2 BBB Class C3 Loan Tranche will become due on the Loan Payment Date falling in July 2011 and any Loan Payment Date thereafter. 20. Other terms and special Not Applicable conditions: 40 Confirmations: Funding 2 confirms that: (a) no Funding 2 Intercompany Loan Event of Default has occurred and is continuing which has not been waived, or would result from the making of each Loan Tranche set out in this Loan Tranche Supplement; (b) the representations and warranties set out in Clause 13 (Representations and Warranties of Funding 2) of the Global Intercompany Loan Agreement are true on and as of the Closing Date specified in this Loan Tranche Supplement by reference to the facts and circumstances then existing; and (c) as of the Closing Date specified in this Loan Tranche Supplement, there is no debit balance on the Funding 2 Principal Deficiency Ledger. The Master Issuer confirms that: (a) no Issuer Event of Default has occurred and is continuing which has not been waived, or would result from the making of each Loan Tranche set out in this Loan Tranche Supplement; and (b) the aggregate amount of the Loan Tranches to be made on the Closing Date specified in this Loan Tranche Supplement and any Loan Tranches outstanding on such Closing Date do not exceed the Total Credit Commitment. 41 EXECUTION PAGE for Loan Tranche Supplement as Funding 2 EXECUTED for and on behalf of ) GRANITE FINANCE FUNDING 2 LIMITED ) by ) /s/ S. Tyson - ------------------------- Name: Sharon Tyson Representing L.D.C. Securitisation Director No. 2 Limited as Master Issuer EXECUTED for and on behalf of ) GRANITE MASTER ISSUER PLC ) by ) /s/ S. Tyson - ------------------------- Name: Sharon Tyson Representing L.D.C. Securitisation Director No. 2 Limited as Funding 2 Security Trustee EXECUTED for and on behalf of ) THE BANK OF NEW YORK ) by ) /s/ Kate Russell - ------------------------- Name: Kate Russell Vice President as Agent Bank EXECUTED for and on behalf of ) CITIBANK, N.A. ) by ) /s/ Georgia Mitchell - ------------------------- Name: Georgia Mitchell 42
