Monastery 2004-I 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.

MONASTERY 2004-I B.V. (the "Issuer")

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

€ 604,500,000 Senior Class A2 Mortgage-Backed Notes due 2037, issue price 100 per cent. ISIN XS0201262309

€ 24,500,000 Mezzanine Class B Mortgage-Backed Notes due 2037, issue price 100 per cent. ISIN XS0201262721

€ 21,500,000 Mezzanine Class C Mortgage-Backed Notes due 2037, issue price 100 per cent. ISIN XS0201263372

€ 8,500,000 Junior Class D Mortgage-Backed Notes due 2037, issue price 100 per cent. ISIN XS0201263612

€ 10,500,000 Junior Class E Mortgage-Backed Notes due 2037, issue price 100 per cent. ISIN XS0201264008

€ 3,000,000 Subordinated Class F Notes due 2037, issue price 100 per cent. ISIN XS0201264180

€ 7,500,000 Subordinated Class G Notes due 2037, issue price 100 per cent. ISIN XS0202244017

(the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes" and the holders thereof the "Noteholders")

Amsterdam, 5 December 2014

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 Administrators of DSB today published their 24^th public report which includes amongst others an announcement that:

1. The estate loan ‎facility was extended, further amended and increased to maximum EUR 1,400m;
2. The proceeds thereof will partially be applied towards distribution to the unsecured creditors‎ of DSB which distribution is intended to occur before year end and through which the distribution relative to such claims increases from 39% to 74%.

Referenced public report in the Dutch language can be found on: www.dsbbank.nl/crediteuren/ which is expected to also contain an English version early next week.

Amsterdamsch Trustee’s Kantoor B.V.

Director of the Security Trustee

Prins Bernhardplein 200

1097 JB Amsterdam

dsb.securitytrustee@intertrustgroup.com

Notice additional distribution - 5 December 2014