Bob’s Weekly Update

Dear Bondholders,

Very much an EEA weighted news round up for you this week. I make no apology for this as, although we only have a smallish number of ARM bondholders with holdings in EEA, the outcome of their class action against the FCA has huge implications for us.  Irrespective of whether you are in T1 or T11, or anything in between, we were all victims of the FSA’s failure to regulate  and the destructive comments of Ms Cole. I will continue to give an additional voice to the EEA case for as long as it continues, and wish them well.