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

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<strong>Titan</strong> <strong>Europe</strong> <strong>2007</strong>-1 (<strong>NHP</strong>) <strong>Limited</strong> Collateral and Structural Term Sheet 1 st May <strong>2007</strong><br />

Occupancy Levels<br />

According to Laing and Buisson, average occupancy levels in the UK care homes sector were over 90.0% in the period from March<br />

2001 until March 2006 and in March 2006 were circa 91.3% and 90.2% for nursing and residential homes respectively.<br />

Projected trends in supply and demand, where falling overall demand (albeit smaller than in recent years) may be matched by<br />

continued withdrawal of capacity, indicate that these high average occupancy levels amongst major providers may be considered to be<br />

sustainable in the future. The table below illustrates occupancy rates for care homes with or without nursing facilities across the UK as<br />

of March 2006.<br />

Regional Occupancy Rates (March 2006)<br />

Source: Laing and Buisson UK Market Survey 2006<br />

NEITHER THIS DOCUMENT NOR ANY COPY HEREOF MAY BE SENT OR TAKEN OR TRANSMITTED INTO THE UNITED STATES OR CANADA OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR CANADA OR TO ANY U.S.<br />

PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED) OR CANADIAN PERSON EXCEPT TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A UNDER THE<br />

U.S. SECURITIES ACT OF 1933, AS AMENDED. THIS DOCUMENT IS BEING FURNISHED TO YOU SOLELY FOR YOUR INFORMATION, IS CONFIDENTIAL TO CLIENTS OF CREDIT SUISSE, AND MAY NOT BE REPRODUCED OR REDISTRIBUTED TO ANY<br />

OTHER PERSON. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO PURCHASE,<br />

ANY SECURITIES. ANY SUCH OFFER OF SECURITIES WOULD BE MADE PURSUANT TO A DEFINITIVE PROSPECTUS OR OFFERING CIRCULAR PREPARED BY THE ISSUER WHICH COULD CONTAIN MATERIAL INFORMATION NOT CONTAINED<br />

HEREIN, AND TO WHICH THE PROSPECTIVE PURCHASERS ARE REFERRED. IN THE EVENT OF ANY SUCH OFFERING, THIS INFORMATION SHALL BE DEEMED SUPERSEDED, AMENDED AND SUPPLEMENTED IN ITS ENTIRETY BY SUCH<br />

PROSPECTUS OR OFFERING CIRCULAR.<br />

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