Company Announcement

LONDON--()--

For immediate release

29 June 2015

COMPANY ANNOUNCEMENT

SIGMA FINANCE CORPORATION (IN RECEIVERSHIP)

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").

Pooling

As announced previously, in accordance with an Order of the English High Court dated 28 July 2010, the Receivers established pools on 8 November 2010 relating to Sigma's liabilities pursuant to the Security Trust Deed and have allocated Sigma's Assets to such pools in the manner set out in the Security Trust Deed and the witness statement of Stephen John Harris dated 5 July 2010 (the "Witness Statement"), which was previously made available to Beneficiaries and a copy of which has been posted by the Receivers on the website maintained by Sigma at:

https://emeia.ey-vx.com/726/7291/compose-email/sigma-finance-corporation.asp

References below to a "Liquidity Provider" or "Derivative Counterparty" are references to the relevant Liquidity Provider or Derivative Counterparty which has previously been identified to such parties individually. If you have any queries as to which identifier refers to your claim, please contact the Receivers at the email address set out below.

Date of distribution

The Receivers intend to make a distribution to Beneficiaries on 2 July 2015 (the "2015 Distribution") using the methodology set out in the Security Trust Deed.

The amount which is intended to be distributed to Beneficiaries is set out below and has been calculated using a Record Date (as such term is defined in the Witness Statement) of 22 June 2015.

Identifier   Ccy   Intended payment
Liquidity Provider 1 USD 380.85
Liquidity Provider 2 USD 319.56
Liquidity Provider 3 USD 122.57
Derivative Counterparty 1 USD 643,870.37
Derivative Counterparty 2 USD 292,404.71
Derivative Counterparty 3 USD 147,446.10
Derivative Counterparty 4 USD 71,677.33
Derivative Counterparty 5 USD 655,662.40
Derivative Counterparty 6 USD 528,214.60
Derivative Counterparty 7 USD 198,619.29
Derivative Counterparty 8 USD 311,987.59
Derivative Counterparty 9 USD 437,526.97
Derivative Counterparty 10 USD 54,404.08
Derivative Counterparty 11 USD 289,442.86
Derivative Counterparty 12 USD 67,587.87
Derivative Counterparty 13 USD 209,798.51
Derivative Counterparty 14 USD 40,522.76
                 

Identifier

 

Ccy

   

Intended Principal

payment

 

Intended Interest

payment

 
8265Q0TX0   USD     2026171.65   11070.64  
8265Q0UA8   USD     675390.55   4912.62  
8265Q0XC1   USD     2251301.83   11772.59  
8265Q0XD9   USD     1602926.91   11331.58  
XS0274164622   GBP     363827.63   19324.43  
XS0274165512   GBP     227392.27   16501.70  
8265Q0XF4   USD     2458421.60   14514.93  
8265Q0XG2   USD     1647952.94   11684.12  
XS0181192260   SEK     91509.77   -  
8265Q0XR8   USD     675390.55   2355.75  
XS0278773626   GBP     1000525.97   69092.69  
8265Q0YD8   USD     416490.84   3341.31  
XS0281463371   GBP     227392.27   18035.74  
8265Q0VF6   USD     1762976.46   33894.59  
8265Q0MW9   USD     450260.37   5132.87  
8265Q0VQ2   USD     1215702.99   7895.69  
CH0024019462   CHF     2488941.86   44148.76  
XS0290214146   EUR     2216297.95   146848.77  
8265Q0WE8   USD     3120304.34   38290.79  
XS0290954006   GBP     272870.72   18705.12  
XS0247517914   GBP     682176.80   47790.89  
8265Q0WM0   USD     900520.73   5271.33  
8265Q0WN8   USD     360208.29   2074.79  
8265Q0QA3   USD     239898.72   7908.59  
XS0299055094   GBP     54574.14   4445.11  
8265Q0XJ6   USD     450260.37   6991.87  
8265Q0XQ0   USD     4502603.67   26794.09  
8265Q0YA4   USD     18010.41   981.57  
8265Q0YE6   USD     225130.18   3385.12  
CH0018912912   CHF     1328800.51   151883.18  
8265Q0SQ6   USD     225130.18   4056.37  
8265Q0SR4   USD     1788046.95   32216.86  
XS0201288957   USD     162093.73   5106.45  
8265Q0TF9   USD     900520.73   4027.86  
8265Q0TG7   USD     891497.52   16170.90  
8265Q0TM4   USD     904693.17   24024.10  
8265Q0TS1   USD     920095.30   8621.97  

8265Q0UL4

 

USD

   

318860.53

 

6190.51

 
8265Q0UY6   USD     456035.02   8323.61  
XS0281463967   GBP     86626.99   7159.59  
8265Q0VZ2   USD     332287.24   3908.41  
XS0213963621   JPY     27590144.36   480674.59  
XS0210941539   GBP     437403.58   31529.31  
8265Q0WL2   USD     1616113.74   9141.48  
XS0261229966   JPY     6902246.32   116400.46  
8265Q0YU0   USD     225820.78   6358.53  
8265Q0TA0   USD     181787.99   3955.46  
XS0230259060   JPY     76027054.00   1198591.40  
8265Q0RR5   USD     399926.86   64431.77  
CH0022527938   CHF     440822.47   31774.53  
XS0178113808   EUR     30880.03   -  
XS0292912846   GBP     308238.91   20132.76  
XS0304981193   JPY     13818860.21   221306.87  
XS0304915647   AUD     226178.46   40025.90  
XS0306202242   JPY     13822719.75   218219.24  
XS0242756129   EUR     43320.58   1958.76  
8265Q0PC0   USD     90147.87   2723.86  
XS0249469080   JPY     16636601.44   277991.11  
XS0261659469   JPY     13847359.22   248134.58  
XS0269566419   JPY     21923477.92   503449.72  
8265Q0UZ3   USD     221876.69   10302.63  
8265Q0VA7   USD     88693.40   4178.33  
XS0269511274   JPY     34181083.19   846121.03  
XS0275026952   JPY     13808388.26   287105.54  
8265Q0VL3   USD     176171.27   9572.18  
XS0294049415   AUD     48933.38   10830.98  
XS0293352067   JPY     41419530.03   693561.08  
XS0293351846   USD     448561.90   12637.39  
8265Q0WH1   USD     89849.44   3022.29  
XS0307406297   USD     35871.90   1021.43  
XS0229086698   SEK     532623.90   -  
XS0290373611   JPY     27624960.59   452821.60  
XS0314364604   JPY     13697407.37   318469.14  
8265Q0SH6   USD     345769.37   164467.90  
8265Q0UB6   USD     314451.59   149907.04  
XS0297737933   JPY     62091760.16   1070369.53  
XS0305023615   JPY     27612686.34   462641.00  
XS0304020653   JPY     45578483.42   749316.88  
XS0312208316   JPY     13831745.90   210998.31  
8265Q0YC0   USD     305381.23   145418.13  
XS0312206963   JPY     13832975.61   210014.55  
XS0179568257   JPY     41473598.85   650306.03  

Additional Documents

Any notices provided to Beneficiaries by Sigma in connection with the 2015 Distribution and a table setting out the amounts allocated to each Pool and the distribution expected to be made from each Pool will be made available on the website maintained by Sigma referred to above.

Further distributions

Following the 2015 Distribution, the Receivers expect either to hold or have access to funds of approximately US$23 million (converted, where relevant, into US dollars at appropriate FX rates). It is not possible to provide any certainty when a final distribution will be made.

Please email sigmafinancecorporation@uk.ey.com 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.

Short Name: Sigma Finance Corp
Category Code: MSC
Sequence Number: 473192
Time of Receipt (offset from UTC): 20150702T103250+0100

Contacts

Sigma Finance Corp

Contacts

Sigma Finance Corp