Titan Europe 2007-1 (NHP) Limited - Irish Stock Exchange

Loan Capital £
Class A Commercial Mortgage Backed Floating Rate Notes due 2017 435,850,000
Class X Commercial Mortgage Backed Floating Rate Notes due 2017 50,000
Class B Commercial Mortgage Backed Floating Rate Notes due 2017 42,150,000
Class C Commercial Mortgage Backed Floating Rate Notes due 2017 42,000,000
Class D Commercial Mortgage Backed Floating Rate Notes due 2017 58,000,000
Class E Commercial Mortgage Backed Floating Rate Notes due 2017 60,000,000
Class V Commercial Mortgage Backed Floating Rate Notes due 2017 50,000
Total 638,100,000
Save as described above, as at the date hereof, the Issuer has no loan capital, borrowings, indebtedness or
contingent liabilities nor has the Issuer created any mortgages or charges or given any guarantees.
Since the date of incorporation of the Issuer, the Issuer has not traded, no profits or losses have been made
or incurred and no dividends have been paid.
The authorised share capital of the Issuer is €100, divided into 100 ordinary shares of €1 each. The issued
share capital of the Issuer is €2, consisting of 2 ordinary shares, which are each fully paid up to €1, all of which
are held by Titan Series Holdings Limited and its nominees. Titan Series Holdings Limited was incorporated in
Ireland on 6 September 2004 (registered number 390626) and has its registered office at First Floor, 7 Exchange
Place, IFSC, Dublin 1, Ireland.
The entire issued share capital of Titan Series Holdings Limited (being two ordinary shares of €1 each, each
of which is fully paid up) is held by Wilmington Trust SP Services (London) Limited (and its nominee) as
trustee pursuant to the terms of a charitable trust established pursuant to a declaration of trust (the “Share
Declaration of Trust”) dated 10 November 2004.
Accountants’ Report
The following is the text of a report, extracted without material adjustment, received by the directors of the
Issuer from PricewaterhouseCoopers, who have been appointed as auditors and reporting accountants to the
Issuer. PricewaterhouseCoopers are chartered accountants and registered auditors. The balance sheet contained
in the report does not comprise the Issuer’s statutory accounts. No statutory accounts have been prepared or
delivered to the Registrar of Companies in Ireland since the Issuer’s incorporation. The Issuer’s accounting
reference date will be 31 December, and the first statutory accounts are expected to be drawn up to 31
December 2007.
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