Investor Reporting

Paragon Secured Finance (No.1) PLC - December 2004

Issuer Paragon Secured Finance (No.1) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date December 2004
Originator Paragon Personal Finance Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued Class A Class B Class C
Original Rating (S&P/Fitch) AAA/AAA A/A BBB/BBB
Current Rating (S&P/Fitch) AAA/AAA AA/A+ AA-/BBB+
Original Notes £231,000,000 £42,000,000 £27,000,000
Note Denominations £50,000 £50,000 £50,000
Initial Margins 20bp 75bp 100bp
Step Up Dates 15 November 2009 15 November 2009 15 November 2009
Step Up Margins 40bp 150bp 200bp
Optional Redemption Dates 15 November 2008 15 November 2008 15 November 2008
Substitution Period 15December 2004 – 15 November 2008
Principal Determination Dates Last business day of April, July, October and January
Quarterly Interest Payment Dates 15 May, 15 August, 15 November, and 15 February
Lead Managers Barclays Capital, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Administrator Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee Citicorp Trustee Company Limited, Citigroup Centre, 6thFloor, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH
Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Principal Paying / Reference Agent Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
Legal Advisors to the Issuer/Administrator Slaughter and May, One Bunhill Row, London, EC1Y 8YY
Legal Advisors to the Lead Manager and Trustee Herbert Smith, Exchange House, Primrose Street, London, EC2A 2HS
Auditors to the Issuer KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying Assets Second Charged Residential Mortgage Loans
Subordinated Loan Provider Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute Administrator Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol, BS13 8AE
SWAP Counterparty Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB