Company Announcement

LONDON--(BUSINESS WIRE)--

19 July 2011

COMPANY ANNOUNCEMENT

SIGMA FINANCE CORPORATION (IN RECEIVERSHIP)

Distribution has been made in respect of the following EMTN Series issued by Sigma:

CHF 200,000,000 Fixed Rate Notes due 2011 (ISIN CH0022527938)

(the "Notes")

The receivers of Sigma Finance Corporation (in receivership) ("Sigma") being A. R. Bloom, M. E. Mills and S. J. Harris of Ernst & Young LLP (the "Receivers") have today made the following announcement.

Capitalised terms used in this announcement and not otherwise defined have the meanings given to them in the Amended and Restated Security Trust Deed dated 27 March 2003 (the "Security Trust Deed") and the EMTN Consent Solicitation Statement dated 9 March 2011 (the "EMTN Consent Solicitation Statement").

Distribution

By a notice to Noteholders dated 7 July 2011, Sigma exercised its right to accelerate payments due under the Notes prior to the Maturity Date. Accordingly, a cash distribution was made today to Noteholders of the Notes (the "Distribution").

The Distribution was in each case made from the Pool established for the Notes as previously notified to Beneficiaries in a notice dated 10 November 2010.

Amounts to be paid in respect of the Notes have been sent out to the holders of such Notes through the clearing systems.

Please email [e-mail] if you have any queries regarding this announcement.

Important information

Please note that nothing in this document is intended to amount to an invitation or inducement to engage in investment activity. Nothing in this document amounts to the giving of advice. If you are in any doubt as to the action you should take, you should consult a professional adviser.

The Receivers act as agents of Sigma and without personal liability.