E-MAC Program III B.V. Compartment NL 2008-I

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 schedule attached as Schedule 1 to the Programme Agreement

 

E-MAC Program III B.V.

Compartment NL 2008-I  
(the "Issuer")

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

€ 72,500,000   Senior Class A1 Notes due 2048, issue price 100 per cent. ISIN XS0348427955

€ 160,000,000   Senior Class A2 Notes due 2048, issue price 100 per cent. ISIN XS0344800957

€ 7,500,000   Mezzanine Class B Notes due 2048, issue price 100 per cent. ISIN XS0344801765

€ 3,900,000   Junior Class C Notes due 2048, issue price 100 per cent. ISIN XS0344801922

€ 6,100,000 Subordinated Class D Notes due 2048, issue price 100 per cent. ISIN XS0344802060

€ 6,400,000 Subordinated Class E Notes due2048, issue price 100 per cent. ISIN XS0344802490

 ( the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes", the Class A1 Notes, the Class A2 Notes, the Class B Notes, Class C Notes and Class D Notes together the "Put Option Notes" and the holders thereof the "Put Option Noteholders" )

Amsterdam,   17 April 2014

Notice is hereby given by the Issuer that, with reference to Condition 6 (d) (v) (d) of the Terms and Conditions of the Notes under the Program and the Final Terms of Compartment NL 2008-I, all of the Rating Agencies S&P, Fitch and Moody’s have confirmed the ratings currently assigned to the Put Option Notes.

The Issuer does not have funds available to redeem the Put Option Notes which are subject to redemption on the upcoming Put Date i.e. 25 April 2014. Therefore, with reference to Condition 6(d)(vi) none of the Put Option Notes will be redeemed on the upcoming Put Date and, consequently, the Extension Margins will apply as from the First Put Date as published on 25 February 2011.

 

Intertrust Management B.V.

Director of the Issuer

Prins Bernhardplein 200

1097   JB Amsterdam, the Netherlands

emac@intertrustgroup.com

 

Put Option Notice