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Paragon Personal and Auto Finance (No.3) PLC - May 2005

Issuer : Paragon Personal and Auto Finance (No.3) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date : May 2005
Originators : Paragon Car Finance Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Paragon Personal Finance Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Universal Credit Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Colonial Finance (UK) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued : Class A1 Class A2 Class B1 Class B2 Class C1 Class C2 Class D1 Class D2
Original Rating (S&P/Moody’s) AAA/Aaa AAA/Aaa AA/Aa2 AA/Aa2 A/A2 A/A2 BBB/Baa2 BBB/Baa2
Current Rating (S&P/Moody’s) AA/Aa1 AA/Aa1 AA/Aa1 AA/Aa1 AA-/Aa1 AA-/Aa1 BBB/Aa1 BBB/Aa1
Original Notes £146,000,000 €259,500,000 £16,000,000 €35,500,000 £18,000,000 €33,000,000 £24,500,000 €30,000,000
GBP Equivalent : £146,000,000 £178,000,000 £16,000,000 £24,500,000 £18,000,000 £22,500,000 £24,500,000 £20,500,000
Currency Exchange Rates : N/A £1 : €1.46 N/A £1 : €1.45 N/A £1 : €1.47 N/A £1 : €1.46
Note Denominations : £50,000 €50,000 £50,000 €50,000 £50,000 €50,000 £50,000 €50,000
Initial Margins : 22bp 22bp 33bp 33bp 60bp 57bp 95bp 90bp
Step Up Dates : April 2010 April 2010 April 2010 April 2010 April 2010 April 2010 April 2010 April 2010
Step Up Margins : 44bp 44bp 66bp 66bp 120bp 114bp 190bp 180bp
Optional Redemption Dates : April 2009 April 2009 April 2009 April 2009 April 2009 April 2009 April 2009 April 2009
Principal Determination Dates : Last Business Day of September, December, March and June
Interest Payment Dates: 15 October, 15 January, 15 April and 15 July
Joint Lead Managers : Barclays Capital, 5 The North Colonnade, London, E14 4BB
HSBC Bank Plc, 8 Canada Square, London, E14 5HQ
Administrator : Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee : Citicorp Trustee Company Limited, Citigroup Centre, 14thFloor, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies : Moody’s Investors Service Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB
Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH
Principal Paying / Reference Agent : Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
Legal Advisors to the Issuer/Administrator : Lovells, Atlantic House, Holborn Viaduct, London, EC1A 2FG
Legal Advisors to the Lead Manager and Trustee : Herbert Smith, Exchange House, Primrose Street, London, EC2A 2HS
Auditors to the Issuer : KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying Assets : Car Finance Loans, Secured Loans, Unsecured Personal Loans, Retail Credit Loans
Subordinated Loan Provider : Paragon Loan Finance (No.1) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute Administrator : Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol BS13 8AE
Currency SWAP Provider : HSBC Bank plc, 8 Canada Square, London, E14 5HQ
Hedge Counterparty : HSBC Bank plc, 8 Canada Square, London, E14 5HQ
Substitution Period: 20thMay 2005 – 15thApril 2009
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