ALBA 2007 – 1 plc - Irish Stock Exchange

THE ISSUER
Introduction
The Issuer was incorporated and registered in England and Wales under the Companies Act 1985 as a
company with limited liability on 13 October 2006 with registered number 5965813 and registered
address at Fifth Floor, 100 Wood Street, London EC2V 7EX, telephone number (+44 20 7606 5451).
The issued share capital of the Issuer comprises 50,000 ordinary shares of £1 each, of which 49,999 are
held by Holdings and one of which is held by the Share Trustee as nominee of Holdings under the
terms of a declaration of trust. The entire share capital of Holdings is held by the Share Trustee under
the terms of a share trust deed on trust for charitable institutions. Holdings will obtain the funding to
capitalise the Issuer utilising the proceeds of a loan made to it on 27 February 2007 from the Share
Trustee (the "Capitalisation Loan"). The Capitalisation Loan will be on terms under which interest
shall accrue daily on the outstanding balance at a fixed rate of 10 per cent. per annum but such interest
shall not be due until the Capitalisation Loan is repayable in full. The terms of the Capitalisation Loan
will also provide, however, that it will be repayable in full (together with all accrued interest) on the
earlier of the date on which the Notes are redeemed in full and the Final Payment Date.
Employees
The Issuer has no employees.
Subsidi aries
The Issuer has no subsidiaries.
Directors
The directors of the Issuer and their respective business addresses and their other principal activities
are:
Name Address Other Principal Activities
L.D.C. Securitisation Director
No.3 Limited
L.D.C. Securitisation Director
No.4 Limited
Fifth Floor, 100 Wood Street,
London EC2V 7EX
Fifth Floor, 100 Wood Street,
London EC2V 7EX
corporate director
corporate director
The business address of each director of L.D.C Securitisation Director No.3 Limited and of L.D.C.
Securitisation Director No. 4 Limited is Fifth Floor, 100 Wood Street, London EC2V 7EX.
In accordance with the Corporate Services Agreement, the Corporate Services Provider will provide
directors and other corporate services such as a registered office to the Issuer. The Issuer will pay the
Corporate Services Provider an annual fee. The registered office of the Corporate Services Provider is
Fifth Floor, 100 Wood Street, London EC2V 7EX. The appointment of the Corporate Services
Provider may be terminated upon 90 days' notice from either party provided that a substitute corporate
services provider acceptable to the Issuer, Holdings and the Trustee has been appointed.
Activities
The Issuer is a special purpose company and has been established specifically to acquire the Mortgage
Pool. Its activities will be restricted by the terms and conditions of the Notes, the Instruments and the
Transaction Documents and will be limited to the issue of the Notes, the Instruments, the ownership of
the Mortgage Loans and their Related Security and other assets referred to herein, the exercise of