NEWGATE FUNDING PLC - Irish Stock Exchange

Level: 8 – From: 8 – Wednesday, December 19, 2007 – 9:36 pm – mac8 – 3894 Section 01 : 3894 Section 01
United Kingdom Taxation
ADDITIONAL INFORMATION
In addition to the disclosure under “United Kingdom Taxation” in the Offering Circular, from the date hereof
to the extent that there is any inconsistency between (a) any statement in this Supplement and (b) any other
statement in or incorporated by reference in the Offering Circular, the statements in this Supplement will
prevail.
In particular the following sections:
(a)
on page 238 of the Offering Circular, references to:
“the lower rate”
for this Series 2007-3 now reads as:
“the savings rate”
(b)
on page 238 of the Offering Circular, the following paragraph for this Series 2007-3 is inserted after
the second paragraph:
“The United Kingdom Finance Bill 2007 contains a proposed new statutory meaning of references to
securities which are “listed” on a recognised stock exchange. The draft legislation provides that
securities will be treated as listed on a recognised stock exchange if (and only if) they are admitted to
trading on that exchange and either they are included in the United Kingdom official list (within the
meaning of Part 6 of the Financial Services and Markets Act 2000) or they are officially listed, in
accordance with provisions corresponding to those generally applicable in European Economic Area
states, in a country outside the United Kingdom in which there is a recognised stock exchange. It is
understood that this new definition is not intended to alter the position described above in respect of
securities that are listed and admitted to trading on a market of a stock exchange which was already
designated as a recognised stock exchange before 21 March 2007.”
(c)
on page 239 of the Offering Circular, the following paragraph for this Series 2007-3 is inserted at the
end of paragraph E:
“The above paragraphs of this paragraph E do not apply in the case of Notes which are deeply
discounted securities. A disposal, including a redemption, of such Notes by an individual Noteholder
may give rise to a charge to income tax on any profit made by the Noteholder.”
Mortgages Plc
In addition to the disclosure under “Mortgages Plc” in the Offering Circular, from the date hereof to the
extent that there is any inconsistency between (a) any statement in this Supplement and (b) any other
statement in or incorporated by reference in the Offering Circular, the statements in this Supplement will
prevail.
In particular the following sections:
(a)
on page 150 of the Offering Circular, in the third paragraph:
“Since its inception in 1997, the Subsidiary has originated over £3 billion in loans, £1 billion of which
were originated in 2005 alone. As of September 2004, the Subsidiary maintains an in-house mortgage
administration system and services the loans it originates. The Subsidiary services the loans upon
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