European Enhanced - Amendment to the Indenture

RNS Number:8033L
European Enhanced Loan Fund S.A.
15 January 2008

DATED: 15th January 2008

NOTICE

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

European Enhanced Loan Fund S.A.

Societe anonyme

Registered office: 1, allee Scheffer, L-2520 Luxembourg

Grand Duchy of Luxembourg

R.C.S Luxembourg: B 86340

(the "Company")

The board of directors of the Company wishes to announce the following
amendment:

Amendment to the Indenture dated 18 May 2006

With effect from the Effective Date:

the S&P Tests Matrix in Schedule 5 to the Original Indenture shall be replaced
by:

S&P Tests Matrix
Case Minimum Weighted Average Spread S&P Minimum Weighted
Average Recovery Rate Breakeven default rate
1 2.45% 52.5% Breakeven Default Rate 1
2 2.55% 51.0% Breakeven Default Rate 2
3 2.60% 50.0% Breakeven Default Rate 3
4 2.65% 49.5% Breakeven Default Rate 4
5 2.40% 53.0% Breakeven Default Rate 5
6 2.70% 48.5% Breakeven Default Rate 6
7 2.10% 57% Breakeven Default Rate 7

the Moody's Tests Matrix in Schedule 5 to the Original Indenture shall be
replaced by:

Moody's Tests Matrix
Minimum Weighted Minimum Weighted Average Maximum Moody's
Case Average Spread Moody's Recovery Rate Weighted Average Diversity Score
Rating Factor
1 2.40% 57% 2175 41
2 2.65% 57% 2300 37
3 2.60% 60% 2350 44
4 2.70% 55% 2175 44
5 2.55% 57% 2300 41
6 2.10% 57% 2175 41

European Enhanced Loan Fund S.A.

By: _________________________ By:
_________________________

Title: Director
Title: Director

Signature: ___________________ Signature:
___________________

SCHEDULE 1: CONTACT DETAILS

Listing Agent Name: The Bank of New York, Corporate Trust Services

Attention: Myles J. Daly

Telephone No: +353 1 5426992

Fax: +353 1 5426999

Email: myles.j.daly@bankofny.com

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange
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