E-MAC DE 2006-II 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 authorized independent financial advisor.

 

E-MAC DE 2006-II B.V.
(the "Issuer")

€ 151,000,000 Senior Class A1 Mortgage Backed Notes 2006 due 2048, issue price 100 per cent.

ISIN: XS0276932539

€ 465,700,000 Senior Class A2 Mortgage Backed Notes 2006 due 2058, issue price 100 per cent.

ISIN: XS0276933347

€ 35,000,000 Mezzanine Class B Mortgage Backed Notes 2006 due 2058, issue price 100 per cent.

ISIN: XS0276933859

€ 24,500,000 Junior Class C Mortgage Backed Notes 2006 due 2058, issue price 100 per cent.

ISIN: XS0276934667

€ 14,000,000 Subordinated Class D Mortgage Backed Notes 2006 due 2058, issue price 100 per cent.

ISIN: XS0276935045

€ 9,800,000 Subordinated Class E Mortgage Backed Notes 2006 due 2058, issue price 100 per cent.

ISIN: XS0276936019

(together the "Notes" and the holders of the Notes the"Noteholders" )

Capitalised terms used in this notice have the meaning given to them in the Prospectus

dated 12 December 2006 in relation to the Notes issued by E-MAC DE 2006-II B.V.

 

Notice is hereby given to the Noteholders that:

 

(a)                 the Issuer, the Issuer Administrator, Intertrust Administrative Services B.V. ( the "Back-up Issuer Administrator"), the Security Trustee and Stichting Holding have entered into a back-up issuer administrator agreement dated 27 August 2014 (the " Back-up Issuer Administrator Agreement "), pursuant to which the Back-up Issuer Administrator has agreed to perform certain back-up functions in relation to, inter alia, the Issuer's payment obligations under the Notes, the Hedging Agreements and the Liquidity Facility Agreement services;

 

(b)                 the remuneration and the expenses payable by the Issuer to the Back-up Issuer Administrator pursuant to the provisions of the Back-up Issuer Administrator Agreement shall be payable pro rata and pari passu with all other items payable under item Second of the Interest Priority of Payments or, if applicable, item First of the Priority of Payments upon Enforcement; and

 

(c)                  subject to confirmation by the Rating Agencies that (i) the entering into the Back-up Issuer Administrator Agreement and (ii) the changes to each of the Orders of Priority as specified under paragraph (b) above do not negatively affect, or result in a downgrading or withdrawal of, the then current rating of the Notes, the Security Trustee has agreed to become a party to the Back-up Issuer Administrator Agreement and has consented to the changes to each of the Orders of Priority as specified under paragraph (b) above.

 

For more information:

E-MAC DE 2006-II B.V.

Intertrust Management B.V.

+31 20 521 4777

emac@intertrustgroup.com

 

The date of this notice is 1 September 2014.

Notice Back-up Issuer Administration Agreement