Investor Reporting

Paragon Mortgages (No.7) PLC - May 2004

Issuer Paragon Mortgages (No.7) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date May 2004
Originators Paragon Mortgages Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued Class A1a Class A1b Class A1c Class B1a Class B1b
Original Rating (S&P/Moody’s/Fitch) AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA A/A2/A A/A2/A
Current Rating (S&P/Moody’s/Fitch) A-/Aa3/AA+ A-/Aa3/AA+ A-/Aa3/AA+ A-/A3/BBB+ A-/A3/BBB+
Original Notes $450,000,000.00 £220,000,000.00 €500,000,000.00 $82,500,000.00 €65,000,000.00
GBP Equivalent £252,951,096.12 £220,000,000.00 £337,500,000.00 £46,374,367.62 £43,875,000.00
Currency Exchange Rates £1 : $1.77 £1 : €1.48 £1 : $1.77 £1 : €1.48
Note Denominations $100,000 £50,000 €500,000 $100,000 €500,000
Initial Margins 21bp 21bp 21bp 75bp 75bp
Step Up Dates May 2010 May 2010 May 2010 May 2010 May 2010
Step Up Margins 42bp 42bp 42bp 150bp 150bp
Optional Redemption Dates May 2008 May 2008 May 2008 May 2008 May 2008
Principal Determination Dates Last business day of January, April, July and October
Quarterly Interest Payment Dates 15 February, 15 May, 15 August and 15 November
Joint Lead Managers The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Administrators Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Services 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 Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA
Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH
Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Principal Paying / Reference Agent/Exchange Rate Agent Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
Legal Advisors to the Issuer/Administrators Sidley Austin Brown & Wood, Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA
Legal Advisors to the Lead Manager and Trustee Clifford Chance Limited Liability Partnership, 10 Upper Bank Street, London, E14 5JJ
Auditors to the Issuer KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying Assets Investment Home Loans and owner occupied first charged residential mortgages
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
Substitute Administrator Facilitator Intertrust Management Limited, 35 Great St. Helen’s, London, EC3A 6AP
SWAP Counterparty JP Morgan Chase Bank, 12thFloor, 125 London Wall, London, EC2Y 5AJ
Currency SWAP Provider The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR