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, 12 October 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.

The Issuer has been informed by the bankruptcy trustees of DSB that they have reached agreement with certain organisations representing borrowers under loan receivables originated by DSB and partially sold and assigned by DSB to the Issuer upon a framework agreement ("Framework Agreement") with respect to the settlement of alleged duty of care claims of such borrowers against DSB.

Stichting Security Trustee Chapel 2003-I (the "Security Trustee") invites Noteholders to participate in a conference call for Noteholders in all DSB-related securitisation programs to inform Noteholders in more detail on the contents of the Framework Agreement and on the potential (financial) consequences thereof for the Issuer and the Notes.

The conference call will be held on Thursday 27 October 2011 at 11.00 hours CET.

In order to obtain dial-in details, Noteholders are invited to send an e-mail to dsb.securitytrustee@atcgroup.com indicating with respect to each Noteholder (i) the legal name of the Noteholder, and (ii) the number of Notes and notional amount per Class of Notes held. Thursday 27 October 2011 before commencement of the conference call Noteholders who have so responded 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