ALBA 2007 – 1 plc - Irish Stock Exchange

SUMMARY INFORMATION
This summary must be read as an introduction to this Prospectus and any decision to invest in the Notes
or the Instruments should be based on a consideration of the Prospectus as a whole. Following the
implementation of the relevant provisions of the Prospectus Directive in each Member State of the
European Economic Area no civil liability will attach to the Responsible Persons in any such Member
State solely on the basis of this summary, including any translation thereof, unless it is misleading,
inaccurate or inconsistent when read together with the other parts of this Prospectus. Where a claim
relating to the information contained in this Prospectus is brought before a court in a Member State of
the European Economic Area, the plaintiff may, under the national legislation of the Member State
where the claim is brought, be required to bear the costs of translating the Prospectus before the legal
proceedings are initiated.
The information set out below is a summary of the principal features of the issue of the Notes and the
Instruments. This summary should be read in conjunction with, and is qualified in its entirety by
references to, the detailed information presented elsewhere in this Prospectus.
Prospective investors should read the entirety of this Prospectus carefully, especially the risks of
investing in the Notes and the Instruments discussed under "Risk Factors".
The Issuer
The Issuer is a public company with limited liability incorporated under the laws of England and Wales
with registered number 5965813 and whose registered office is at Fifth Floor, 100 Wood Street,
London EC2V 7EX.
The Issuer's authorised share capital consists of 50,000 ordinary shares of £1 each. 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.
The Issuer has been established to acquire the Mortgage Pool as described in "The Mortgage Pool"
below.
The Seller
The Seller is a limited liability company incorporated under the Companies Act 1985 on 2 April 2004,
company number 5092310. It was established as the regulated mortgage subsidiary of Oakwood Global
Finance LP for the purpose of acquiring and potentially securitising residential mortgage assets in the
United Kingdom. The Seller received full regulatory authorisation to conduct mortgage business from
the FSA in January 2005 (FSA number 312920). As an affiliate member of the Council of Mortgage
Lenders from October 2004, the Seller received confirmation of full member status in October 2005.
The registered office of the Seller is 180 Brompton Road, London, SW3 1HQ.
Prior to the Issue Date, the Seller purchased the legal and beneficial title to the Mortgage Loans in the
Initial Mortgage Pool and will, on the Issue Date, sell the beneficial title to the Mortgage Loans in the
Completion Mortgage Pool to the Issuer. The Seller will retain and hold the legal title to the Mortgage
Loans in the Mortgage Pool.