Notice to Noteholders
February 20 2002 - 11:00AM
UK Regulatory
RNS Number:7840R
Mahang Company Limited
20 February 2002
LETTER TO: COMPANY ANNOUNCEMENTS OFFICE
Notice to Noteholders
Mahang Company Limited
EUR 5,000,000 Leveraged Credit Linked Notes due 16 May 2006 ("the Notes")
ISIN number: XS013139258
We have received notice from the Calculation Agent under the Notes that the
Final Price determined on the Valuation Date (which fell on 14 February 2002)
with respect to the Reference Entity "ENRON CORPORATION" in accordance with the
terms and conditions of the Notes (the "Conditions") was 12 per cent.
The resulting Loss on Default, determined in accordance with the Conditions, is
EUR 4,400,000. The Interest Bearing Amount currently remains unchanged as a
result.
Terms not otherwise defined herein have the meaning given to them in the
Conditions.
LETTER FROM: MAHANG COMPANY LIMITED
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