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Affinity 001 plc (30AG)


Tuesday 31 October, 2006

Affinity 001 plc

Re Agreement

Affinity 001 plc
31 October 2006

Re:   SUB: Affinity 001 plc (the 'Issuer')

      £338,000,000 Class A Asset Backed Floating Rate Notes due 2009
      £26,000,000 Class B Asset Backed Floating Rate Notes due 2009
      £36,000,000 Class C Asset Backed Floating Rate Notes due 2009

The Issuer announces that it has reached an agreement in principle with the
requisite transaction parties to disapply the application of any potential
Regulated Amortisation Trigger Event in respect of Series 2002-A. The Issuer
expects this change to be effected during the course of the next few days.

Whilst Fitch Ratings Limited, Moody's Investors Service Limited and Standard &
Poor's Ratings Services are not transaction parties, each has confirmed that the
disapplication of the Regulated Amortisation Trigger Events as it applies to
Series 2002-A, will not, in and of itself, result in downgrade or withdrawal of
any of the credit ratings currently ascribed to each class of notes.

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