Elan Inst Nts40 Regulatory News (36PU)

30 Oct 2008 09:55

Company Announcement

For immediate release

E.L.A.N Limited (the "Issuer")

Whiteley Chambers

Don Street

St. Helier

Jersey

JE4 9WG

Channel Islands

Series 2007-8 Eur 20,000,000 Secured Floating Rate Credit Linked Notes due December 2012 (the "Notes")

ISIN: XS0331824903

30th October 2008

Announcement of Redemption and Delisting:

The Issuer wishes to announce that as of 30th October 2008 it has redeemed in full all of the Notes.

The Issuer announces that it has requested the Irish Stock Exchange to remove the Notes detailed above from the Main Market of the Irish Stock Exchange.

This is effective 30th October 2008

For further information please contact:

Corporate Trust Administration

The Bank of New York

Fax: +44 207 964 6399

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.