Loan notes

What is a Loan Note?
A Loan Note is a document evidencing the terms on which a debt is owed to you by the issuer of the Loan Note. Interest is payable to the Loan Note holder until the debt is paid back during, or at the end of, a fixed period.

Can I sell my loan note?
No, Loan Notes are not classed as tradable stock.
 
Can I vote at the Santander AGM as a Loan Note holder?
No, Loan Notes are not a share holding in the Company.

What is the duration of the Scottish Provident Loan Note?
The duration of the Loan Note is 10 years to 31 March 2012 when all outstanding Loan Notes will be redeemed.

What can I do with my Scottish Provident Loan Note?
The Loan Note may be retained until 31 March 2012. During this period, you may elect for some or all of your Loan Note to be redeemed at the nominal value for cash at approximately six monthly intervals. The minimum amount you can redeem at any one time is £100. The Loan Note may also be disposed during this period, for example by transferring it to another person (although they are not listed on any Stock Exchange).
 
What happens to my Scottish Provident Loan Note after the ten years have elapsed?
The final payment date will be 31 March 2012 when all outstanding payments will be made.

How can I redeem my Scottish Provident Loan Note?
To redeem the Loan Note, please complete the 'Redemption Request' section on the back of the Loan Note Certificate and return to Abbey Shareholder Services.
 
When can I redeem my Scottish Provident Loan Note?
The first redemption date will be 30 September 2002 and thereafter the Loan Note may be redeemed on the last business day in March and September of each year. It is recommended that the redemption request is sent as soon as possible. The redemption request must be received and processed by Abbey Shareholder Services 30 days before payment date.
 
What is the name of the register for Scottish Provident Loan Notes?
The name of the Loan Note register is SPL Holdings No 1 Limited.

What address can I write to if I have a query on Scottish Provident Loan Notes?

Equiniti or Santander Shareholder Services

Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA

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