THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

This notice is made pursuant to section 5:25i of the Act on Financial Supervision (Wet op het financieel toezicht), pursuant to which inside information should be made forthwith available .

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

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, 22 March 2012

NOTICE

The Notes are backed by certain loan receivables originated by DSB Bank N.V. ("DSB"). DSB was declared bankrupt on 19 October 2009. The bankruptcy trustees of DSB have agreed with certain organisations representing borrowers of loan receivables originated by DSB and partially sold and assigned by DSB to the Issuer a framework agreement ("Framework Agreement") with respect to the settlement of alleged duty of care claims of such borrowers against DSB.

Reference is made to the notice of Stichting Security Trustee Chapel 2003-I (the "Security Trustee") of 9 March whereby an informative meeting was convened to be held on 28 March 2012. The bankruptcy trustees of DSB have requested the Security Trustee to postpone such informative meeting.

The Security Trustee, at the request of the Issuer, hereby invites Noteholders to participate in an informative meeting of Noteholders of all classes of Notes in all DSB-related securitisation programs to be held on 27 April 2012, at 10.00hrs CET in Amsterdam, The Netherlands (the "Informative Meeting").

At the invitation of the Issuer the bankruptcy trustees of DSB will inform Noteholders in more detail on the progress being made on the settlement of such alleged duty of care claims.

The Informative Meeting may be physically attended by representatives of Noteholders.

Noteholders are also given the opportunity to follow the Informative Meeting via conference call.

Instructions in relation to physically attending the Informative Meeting

In order to physically attend the Informative Meeting, 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; (iii) full name as in passport of the representative who is to physically attend the meeting; and (iv) indicate "physical attendance". Ultimately Thursday 26 April 2012, Noteholders who have so responded will receive location details and a concise presentation per return e-mail. The representative who is to physically attend the meeting should bring along his/her passport to the Informative Meeting.

Instructions in relation to following the Informative Meeting per conference call

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. Ultimately Thursday 26 April 2012, Noteholders who have so responded will receive dial-in details and a concise presentation per return e-mail.

The Royal Bank of Scotland N.V. will act as agent in respect of this announcement.

Neither Euroclear Bank S.A./N.V., Clearstream Banking société anonyme, the Issuer, the Security Trustee or Royal Bank of Scotland N.V. accept any liability whatsoever for any act or omission to act in relation to the foregoing.

Director

Claude Debussylaan 24

1082 MD Amsterdam

ANT Trust & Corporate Services N.V.

securitisation@ant-trust.nl