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Sigma Finance Corp (73KJ)

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Wednesday 30 March, 2011

Sigma Finance Corp

Company Announcement

Company Announcement

Sigma Finance Corp

For immediate release

30 March 2011

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.

Correction to consent solicitation, extension of Expiration Date under consent solicitation and change to date of Noteholder meetings in respect of the following EMTN issued by Sigma:

EUR 5,993,000 Index Linked Notes due 2011 (ISIN XS0178113808)

EUR 4,000,000 Floating Rate Notes due 2013 (ISIN XS0242756129)

SEK 47,000,000 Non-Interest Bearing Notes due 2014 (ISIN XS0229086698)

CHF 200,000,000 Fixed Rate Notes due 2011 (ISIN CH0022527938)

JPY 1,200,000,000 Floating Rate Notes due 2013 (ISIN XS0249469080)

JPY 1,000,000,000 Floating Rate Notes due 2013 (ISIN XS0261659469)

JPY 3,000,000,000 Floating Rate Notes due 2013 (ISIN XS0269511274)

JPY 1,600,000,000 Floating Rate Notes due 2013 (ISIN XS0269566419)

JPY 1,000,000,000 Floating Rate Notes due 2013 (ISIN XS0275026952)

JPY 2,000,000,000 Floating Rate Notes due 2014 (ISIN XS0290373611)

GBP 35,000,000 Floating Rate Notes due 2012 (ISIN XS0292912846)

AUD 5,000,000 Floating Rate Notes due 2014 (ISIN XS0294049415)

USD 50,000,000 Floating Rate Notes due 2014 (ISIN XS0293351846)

JPY 3,000,000,000 Floating Rate Notes due 2014 (ISIN XS0293352067)

JPY 4,500,000,000 Floating Rate Notes due 2017 (ISIN XS0297737933)

AUD 23,100,000 Floating Rate Notes due 2012 (ISIN XS0304915647)

JPY 2,000,000,000 Floating Rate Notes due 2017 (ISIN XS0305023615)

JPY 3,300,000,000 Floating Rate Notes due 2017 (ISIN XS0304020653)

JPY 1,000,000,000 Floating Rate Notes due 2012 (ISIN XS0304981193)

USD 10,000,000 Floating Rate Notes due 2014 (ISIN XS0307406297)

JPY 1,000,000,000 Floating Rate Notes due 2012 (ISIN XS0306202242)

JPY 1,000,000,000 Floating Rate Notes due 2017 (ISIN XS0312208316)

JPY 1,000,000,000 Floating Rate Notes due 2017 (ISIN XS0312206963)

JPY 1,000,000,000 Floating Rate Notes due 2015 (ISIN XS0314364604)

(together, the "Affected EMTN")

Sigma has today issued a notice to the holders of the Affected EMTN amending the consent solicitation statement sent to holders of Affected EMTN on 9 March 2011 (the "EMTN Consent Solicitation Statement") to correct an error in the stated currency of some of the amounts standing to the credit of the relevant Long Term Pools (which had been incorrectly stated as being in US dollars in some cases), extending the Expiration Date (as defined in the EMTN Consent Solicitation Statement) for the delivery of consents by Letter of Transmittal and changing the date set for the meetings of holders of the Affected EMTN under the EMTN Consent Solicitation Statement.

Holders of Affected Notes are encouraged to contact the Receivers by email to [email protected] to obtain a copy of this notice.

As previously advised to Beneficiaries, further information on the pooling process is available in the Pooling and Distribution Memorandum on the website maintained by Sigma at:

http://ey-vx.com/exchange-sites/relationship%20development/3284/compose-email/sigma-beneficiaries-email.asp.

The notice amending the EMTN Consent Solicitation Statement does not affect holders of any series of Notes other than holders of the Affected Notes.

Copies of the EMTN Consent Solicitation Statement and the notice amending the EMTN Consent Solicitation Statement are available for inspection at the offices of the Receivers at:

Ernst & Young LLP
1 More London Place1 More London Place
London SE1 2AFLondon SE1 2AF

A copy of the notice amending the EMTN Consent Solicitation Statement has been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do

Please email [email protected] 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.


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