Notice to Noteholders (0898X)

TIDM87TI

RNS Number : 0898X

Daneion 2007-1 PLC

30 November 2010

DANEION 2007-I PLC (the "Issuer")

NOTICE

to the holders of the EUR1,587,500,000 Class A Asset Backed Floating Rate Notes due 2014, ISIN - XS0332722353 EUR912,500,000 Class B Asset Backed Floating Rate Notes due 2014, ISIN - XS0332722437 (collectively, the "Notes") of the Issuer presently outstanding

Notice of Amendments

NOTICE IS HEREBY GIVEN to the Noteholders of the above Notes that, pursuant to a restructuring deed entered into between, amongst others, the Issuer and the APC Security Trustee dated 30 November 2010 (the "Restructuring Deed"), the parties thereto agreed to and directed the APC Security Trustee to consent to, inter alia:

(1) amendment and restatement of the APC Loan Note Issue Agreement as set out in the relevant schedule to the Restructuring Deed; and

(2) amendment of the APC Master Framework Agreement, Receivables Securitisation Deed and Terms and Conditions of the Notes as set out in the Restructuring Deed.

Capitalised terms not defined in this notice have the meanings given to them in the Prospectus dated 21 November 2007.

For further information, please contact the following:

Issuer

DANEION 2007-1 PLC

c/o Wilmington Trust SP Services (London) Limited

Fifth Floor 6 Broad Street Place

London

EC2M 7JH

Principal Paying Agent

Citibank, N.A.

Citigroup Centre

Canada Square