Zenith Investments Ld
26 November 2001
(1) EUR 10,000,000 Secured Floating Rate Callable Notes due November 2005,
Series 2001-14 Issued by Zenith Investments Limited (ISIN: XS0131496233)
(the 'Notes')
Terms used and not defined herein shall have the same meanings given thereto in
the terms and conditions of the Notes.
On 20 November 2001, the following was passed as a written resolution (the
'Written Resolution'):
'The Company may redeem EUR1,500,000 in principal amount of the Notes, being
those Notes as agreed prior to such redemption between the Company, the Trustee
and the Noteholders, by delivery of EUR1,500,000 in principal amount of the
Underlying Assets on 22 November 2001 to an account nominated by all the
Noteholders and the Trustee is authorised to make such changes to the
Transaction Documents and to take such actions as may be necessary to bring
effect to this resolution.'
In the above Written Resolution the Issuer is referred to as the 'Company'.
Pursuant to the terms of the Written Resolution EUR1,500,000 in principal amount
of the Notes were redeemed on 22 November 2001.
Contact: Hugh Thompson
Telephone: +1 345 945 7100