TIDM40CZ

RNS Number : 0598A

Catalyst Healthcare (Manchester)Fin

02 June 2016

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF HOLDERS OF THE BONDS. IF HOLDERS OF THE BONDS ARE IN ANY DOUBT AS TO THE MEANING OR IMPORT OF THE CONTENTS OF THIS NOTICE OR REQUIRE FURTHER ADVICE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS (INCLUDING IN RESPECT OF ANY TAX CONSEQUENCES).

Catalyst Healthcare (Manchester) Financing PLC (the "Issuer")

GBP218,050,000, 2.411 per cent. Index-linked Guaranteed Secured Bonds due 2040

(including up to GBP38,000,000 Variation Bonds) unconditionally and irrevocably guaranteed as to scheduled payments of principal and interest pursuant to a bond financial guarantee issued by AMBAC Assurance UK Limited (ISIN XS0208052265) (the "Bonds")

NOTICE

To the holders of the Issuer's Bonds

Settlement Agreement with Central Manchester University Hospitals NHS Foundation Trust

Unless otherwise provided, terms defined in the Master Definitions Schedule dated 8 December 2004 (as the same may be amended, varied or supplemented from time to time) shall have the same meaning where used in this Notice.

This announcement is made further to and adopts the definitions set out in the RNS Announcement made by the Issuer on 28 April 2016 in respect of the Settlement Agreement entered into by the Trust, ProjectCo and the Contractor in relation to the Alleged Firestopping Defects at the Hospital.

The Parties have agreed that the Long Stop Date is changed from 31 May 2016 to 14 June 2016, to allow ProjectCo additional time to seek the consent of the Funders to the terms of the Settlement Agreement in accordance with the terms of the Security Trust and Intercreditor Deed.

A further update will be given in due course.

Enquiries

If you have any enquiries, please direct them to the Issuer

The Issuer

Catalyst Healthcare (Manchester) Financing PLC

3rd Floor, The Venus,

1 Old Park Lane,

Trafford,

Manchester

M41 7HG

Attention: Ailison Mitchell

The Principal Paying Agent

The Bank of New York Mellon,

International Corporate Trust Services,

Merck House, Seldown,

Poole, Dorset,

BH15 1PX

The Bond Trustee

Law Debenture Trustees Limited

Fifth Floor, 100 Wood Street,

London

EC2V 7EX

This notice is given by Catalyst Healthcare (Manchester) Financing PLC

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This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 02, 2016 07:51 ET (11:51 GMT)

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