BS88 Citi Fun 25

RNS Number:5404F
City Greenwich Lewisham Rail Link
11 October 2007

                                     NOTICE

                       To the Holders of the Outstanding
          #165,000,000 9 3/8 per cent. Secured Bonds due October 2020
                issued by City Greenwich Lewisham Rail Link PLC



Capitalised terms used and not otherwise defined in this Notice shall have the
meaning given to them in the bond trust deed dated 11 October 1996 (the "Bond
Trust Deed").



City Greenwich Lewisham Rail Link PLC (the "Issuer") hereby gives notice to the
holders (the "Bondholders") of #165,000,000 9 3/8 per cent. Secured Bonds due
October 2020 issued by the Issuer (the "Bonds") that, pursuant to Conditions
15.1 and 22.2 of the Bonds, Prudential Trustee Company Limited (the "Bond
Trustee") as trustee for the Bondholders has consented to the following.



1.   The entering into by the Issuer of two agreements in connection with the 
     Project, namely the 3 Car Supplemental Agreement and the Amendment Deed
     (the "Agreements").

2.   The 3 Car Supplemental Agreement relates to the planned upgrade of the 
     Docklands Light Railway ("DLR") infrastructure proposed by Docklands
     Light Railway Limited ("DLR Ltd") (the client of the Concessionaire), to
     permit the operation of trains 3 cars in length. This requires 
     modifications to the infrastructure of the Lewisham Extension. The 3 Car 
     Supplemental Agreement sets out the terms upon which the Issuer and DLR Ltd. 
     have agreed that such modifications should take place.

3.   The Amendment Deed provides a formula for the calculation of toll revenue 
     (for the purpose of assessing the Incremental Revenue element of the
     Usage Fee calculation) in lieu of an actual toll (as contemplated by the
     Concession Agreement). It also provides a clearer mechanism for adjusting
     Incremental Revenue for changes in the Fare Index.

4.   Both the 3 Car Supplemental Agreement and the Amendment Deed have been 
     signed, and are available for inspection during normal business hours at
     the registered office of the Issuer, details of which are set out below.

5.   In Condition 15.1, the Issuer has covenanted that it will not, among other 
     things, agree to any material amendment to, variation or waiver of any of, 
     the terms and conditions of the Concession Agreement nor any amendment
     to, variation or waiver of, among other things, any Project Document which 
     would have a Material Adverse Effect. The Bond Trustee, acting on the basis 
     of expert advice and in reliance upon information and certifications 
     provided by the Issuer, has certified to the Issuer that the entry into the
     Agreements would not have a Material Adverse Effect. Furthermore, pursuant 
     to Condition 22.2 and Clause 12(A) of the Bond Trust Deed, which allow the 
     Bond Trustee to agree, without the consent of the Bondholders, to a waiver 
     of any of the Conditions, the Bond Trustee has agreed to waive any breach 
     of Condition 15.1(a) which may result from the entry into of the Agreements
     on the basis that so to do will not in its opinion, be materially
     prejudicial to the interests of the Bondholders.

6.  In addition, the Bond Trustee has agreed to designate the Agreements as 
    Project Documents pursuant to the Bond Trust Deed.

City Greenwich Lewisham Rail Link PLC

10 October 2007

Registered office:

73 Norman Road
Greenwich
London
SE10 9QF


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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