EMF-NL 2008-2 B.V.
THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
This notice is made pursuant to the Act on Financial Supervision (Wet op het financieel toezicht).
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.
Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement entered into by the Issuer in connection with the issue of the Notes on 26 August 2008 as amended and restated.
EMF-NL 2008-2 B.V.
(the "Issuer")
Notice is hereby given with respect to notes of each of the following class(es):
EUR 173,850,000 Class A1 Mortgage Backed Floating Notes due July 2041,
ISIN: XS0382370558/US26868LAA70
EUR 70,537,000 Class A2 Mortgage Backed Floating Rate Notes due July 2041,
ISIN: XS0382370715/US26868LAB53
EUR 15,390,000 Class B Mortgage Backed Floating Rate Notes due July 2041,
ISIN: XS0382371101 / US26868LAC37
EUR 14,250,000 Class C Mortgage Backed Floating Rate Notes due July 2041,
ISIN: XS0382371283/US26868LAD10
EUR 10,973,000 Class D Mortgage Backed Floating Rate Notes due July 2041,
ISIN: XS0382371440
(the "Put Option Notes" and the holders thereof the "Put Option Noteholders")
Amsterdam, 16 Decem ber 2013
Notice is hereby given by the Issuer in relation to the Put Option Date falling on 17 January 2014 (the "First Put Option Date"). The Seller has decided not to repurchase the Mortgage Receivables from the Issuer. Furthermore, the Issuer has not identified any third party interested in purchasing Mortgage Receivables outstanding on or before the First Put Option Date against the Redemption Repurchase Price as defined in the Transaction Documents.
Consequently, the Issuer will not redeem any of the Put Option Notes on the First Put Option Date. In accordance with the Note Condition 5, the Relevant Margin for each class of Put Option Notes shall remain unchanged at the then-current margin (as set out in the following table) and the Reserve Fund Required Amount shall be increased to the Notes Principal Amount Outstanding of the Put Option Notes outstanding as at the immediately preceding Quarterly Instruments Payment Date.
|
Class of Notes |
Relevant Margin |
|
Class A1 Notes |
1.00 per cent. |
|
Class A2 Notes |
1.00 per cent. |
|
Class B Notes |
1.00 per cent. |
|
Class C Notes |
1.00 per cent. |
|
Class D Notes |
1.00 per cent. |
Intertrust Management B.V.
Director of the Issuer
Prins Bernhardplein 200
1097 JB Amsterdam
Put Option Notice