CHAPEL 2003-I B.V.
(the "Issuer")

Notice is hereby given with respect to notes of each of the following class(es):

euro 890,000,000 floating rate Senior Class A Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0179679328

euro 39,000,000 floating rate Mezzanine Class B Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0179679674

euro 23,500,00 floating rate Junior Class C Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0179679914

euro 47,500,000 floating rate Subordinated Class D Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0181842146

  (the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes" and the holders thereof the "Noteholders" )

Amsterdam, 6 July 2011

INVITATION

The Notes are backed by certain loan receivables originated by DSB Bank N.V. ("DSB"). DSB was declared bankrupt on 19 October 2009.

Security Trustee Chapel 2003-I (the "Security Trustee") invites Noteholders to participate in a conference call organised by the DSB bankruptcy trustees for noteholders in all DSB-related securitisation programs. The Issuer and the DSB bankruptcy trustees will provide an update to Noteholders on amongst others the developments in respect of DSB, the duty of care claims, the sub-delegation of the servicing of the loans etc.

The conference call will be held on Wednesday 13 July 2011 at 17.00 hours CET.

As to obtain dial-in details, please send an e-mail to dsb.securitytrustee@atcgroup.com indicating with each legal name of a beneficial holder of Notes the number and notional amount per Class of Notes you are representing. Wednesday 13 July 2011 before commencement of the conference call you will receive dial-in details and a concise presentation per return e-mail.

ANT Trust & Corporate Services N.V.

Director

Claude Debussylaan 24

1082 MD Amsterdam