51GC Affinity Sut.38

TIDM51GC TIDMTTM

RNS Number : 6042Q

Affinity Sutton Capital Markets PLC

30 November 2016

30 November 2016

Announcement of Merger

The Board of Clarion Housing Group announces that it has successfully concluded the merger of Affinity Sutton Group and Circle Housing Group following the transfer of engagements of Circle Anglia Limited (the parent company of Circle Housing Group) to Affinity Sutton Group Limited. Affinity Sutton Group Limited has been renamed Clarion Housing Group Limited.

Change to Guarantors in respect of the GBP385,000,000 7.25 per cent. Fixed Rate Secured Notes due 2038 issued by Circle Anglia Social Housing plc and GBP250,000,000 5.20 per cent. Fixed Rate Secured Notes due 2044 issued by Circle Anglia Social Housing plc (together the Circle Bonds)

Simultaneously, Affinity Sutton Homes Limited has acceded as a guarantor under the security trust deed originally dated 24 May 2007 (the Circle Security Trust Deed) and made between Circle Anglia Treasury Limited, (as Security Trustee as defined in the security trust deed), Circle Thirty Three Housing Trust Limited, Wherry Housing Association Limited, South Anglia Housing Limited, Old Ford Housing Association and certain finance beneficiaries and as acceded to and amended from time to time.

As at today, the Guarantors pursuant to (and as defined in) the Circle Security Trust Deed, and for the purpose of the Circle Bonds, are:

Circle Thirty Three Housing Trust Limited

South Anglia Housing Limited

Old Ford Housing Association

Roddons Housing Association Limited

Mole Valley Housing Association Limited

Russet Homes Limited

Merton Priory Homes Limited

Affinity Sutton Homes Limited

(Wherry Housing Association Limited having transferred its engagements to Circle Thirty Three Housing Trust Limited effective 30 September 2016)

This announcement contains inside information and has been made by Mark Washer, Chief Financial Officer, on behalf of Clarion Housing Group Limited.

For further information, please contact:

Gareth Francis

Director of Treasury and Corporate Finance

Clarion Housing Group Limited

Level 6, 6 More London Place, Tooley Street, London SE1 2DA

   Telephone:     020 7378 5526 
   Fax:                 020 7378 5641 

Email: gareth.francis@clarionhg.com

Anna Upton

Head of External Communications

Clarion Housing Group Limited

Two Pancras Square, Kings Cross, London N1C 4AG

   Telephone:     020 3784 3746 
   Fax:                 020 7378 5641 

Email: anna.upton@clarionhg.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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