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���������ֳ�-London-09 February 2009: ���������ֳ� has been informed by the servicer of the Mansard Mortgages transactions, Rooftop Mortgages Limited, that amendments to the transaction documentation have been made. In the current environment with rising unemployment, the servicer is attempting to prevent borrowers falling into arrears and contain the volume of repossessed loans by amending the documentation to facilitate greater flexibility in considering borrower requests to switch their mortgage product.

The changes made to the transaction documentation permit the servicer to convert existing loan agreements, upon the request of the borrower, to one of the three product types already present in the three pools of securitised mortgages. The product types that the borrowers can convert to are: interest-only, repayment and part-and-part loans. The servicer is also permitted to extend the maturity of these loans to up to two years prior to the maturity of the respective Mansard transaction. To maintain the quality of the portfolios, the issuer has set limits to the amount of converted loans that can be present in these pools, and each loan conversion request must meet the set terms and conditions. Although potentially negative, this alone is unlikely to affect the ratings.

���������ֳ� took rating actions on the three transactions on 29 January 2009, when eight tranches were downgraded, solely due to performance concerns. The ratings on the three transactions are as follows:

Mansard Mortgages 2006-1 Plc
Class A2a (ISIN XS0272297358) 'AAA'; Outlook Stable
Class M1a (ISIN XS0272298752) 'AA'; Outlook Negative
Class M2a (ISIN XS0272299131) 'BBB'; Outlook Negative
Class B1a (ISIN XS0272304311) 'BB'; Outlook Negative
Class B2a (ISIN XS0272305045) 'CC'; Recovery Rating 'DR4'

Mansard Mortgages 2007-1 Plc
Class A1a (ISIN XS0293436910) 'AAA'; Outlook Stable
Class A2a (ISIN XS0293438965) 'AAA'; Outlook Stable
Class M1a (ISIN XS0293458054) 'AA'; Outlook Negative
Class M2a (ISIN XS0293460381) 'A-' (A minus); Outlook Negative
Class B1a (ISIN XS0293442215) 'BB'; Outlook Negative
Class B2a (ISIN XS0293446711) 'CC'; Recovery Rating 'DR4'

Mansard Mortgages 2007-2 Plc
Class A1a (ISIN XS0333305299) 'AAA'; Outlook Stable
Class A2a (ISIN XS0333306933) 'AAA'; Outlook Stable
Class M1a (ISIN XS0333308475) 'AA'; Outlook Negative
Class M2a (ISIN XS0333311693) 'A'; Outlook Negative
Class B1a (ISIN XS0333313988) 'BB'; Outlook Negative
Class B2a (ISIN XS0333340361) 'CC'; Recovery Rating 'DR3'

Further commentary and performance data on these transactions are available on the agency's subscription website, .

Contact: Sanja Paic, London, Tel: +44 (0) 20 7682 7330; Andy Brewer, +44 (0)20 7417 3481.

Media Relations: Julian Dennison, London, Tel: +44 020 7682 7480, Email: julian.dennison@fitchratings.com.