Athlon Securitisation 2005 B.V. - Clean-up Call Option

26 August 2011

 

Notice to the holders of

the € 241,000,000 Senior Class A Secured Floating Rate Notes due 2014,

the € 3,800,000 Junior Class B Secured Floating Rate Notes due 2014 and

the € 12,600,000 Subordinated Class C Secured Floating Rate Notes due 2014

issued by ATHLON SECURITISATION 2005 B.V. (the Issuer) on 24 February 2005

 

Pursuant to the terms and conditions of the Transaction Documents, we hereby give you notice of the intention of the Issuer to exercise the Clean-up Call Option and redeem all of the Notes, in accordance with Condition 6(e) (Optional redemption) and clause 21 (Optional redemption) of the Issuer Trust Deed, before their stated maturity date on the Notes Quarterly Payment Date falling on 26 September 2011 (being the Optional Redemption Date) in the following order: (a) the Class A Notes, until fully redeemed, at their Principal Amount Outstanding; and thereafter, (b) the Class B Notes, until fully redeemed at their Principal Amount Outstanding; and thereafter, (c) the Class C Notes, at their Principal Amount Outstanding.

 

Any capitalised terms used in this notice will have the meaning as ascribed to them in the master definitions agreement relating to the Athlon 2005 securitisation dated 22 February 2005.

 

   

ATC Management B.V.

Managing Director

Fred Roeskestraat 123

1076 EE Amsterdam

The Netherlands

 

Clean-up Call Option