E-MAC Program II B.V. Compartment NL 2007-IV
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 E-MAC Program II B.V.-Compartment NL 2007-IV (the "Issuer") Notice is hereby given with respect to notes of each of the following class(es): € 654,850,000 Senior Class A Notes 2007 due 2048, issue price 100 per cent. ISIN XS0325178548 € 16,800,000 Mezzanine Class B Notes 2007 due 2048, issue price 100 per cent. ISIN XS0325183464 € 12,600,000 Junior Class C Notes 2007 due 2048, issue price 100 per cent. ISIN XS0325183621 € 15,750,000 Subordinated Class D Notes 2007 due 2048, issue price 100 per cent. ISIN XS0325184355 € 2,800,000 Subordinated Class E Notes 2007 due 2048, issue price 100 per cent. ISIN XS0325185675 (the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes", the Class A 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, 23 October 2014 Notice is hereby given by the Issuer that, with reference to Condition 6 (d) (iv) (d) of the Terms and Conditions of the Notes, all of the Rating Agencies S&P, Fitch and Moody’s have confirmed the ratings currently assigned to the Put Option Notes. The Issuer expects not to receive the Servicing Advance on the First Put Date and as a consequence will not have funds available to redeem the Notes which are subject to redemption on the First Put Date, i.e. the 28th of October 2014. Therefore, none of the Notes will be redeemed on the First Put Date, in accordance with and subject to the Terms and Conditions of the Notes. Intertrust Management B.V. Director of the Issuer Prins Bernhardplein 200 1097 JB Amsterdam, the Netherlands emac@intertrustgroup.com Put Option Notice 23 October 2014