Issuer Notice Chapel 2007 B.V.
THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
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.
CHAPEL 2007 B.V.
(the "Issuer")
Notice is hereby given with respect to holders of notes (the "Noteholders") of each of the following class(es):
€ 321,000,000 Senior Class A1 Asset-Backed Notes 2007 due 2066, issue price 100 per cent. ISIN: XS0287346976
Time of Noteholders Meeting: 11.00hrs
€ 300,000,000 Senior Class A2 Asset-Backed Notes 2007 due 2066, issue price 100 per cent. ISIN: XS0291271319
Time of Noteholders Meeting: 11.15hrs
€ 13,800,000 Senior Class B Asset-Backed Notes 2007 due 2066, issue price 100 per cent. ISIN XS0287349566
Time of Noteholders Meeting: 11.30hrs
€ 23,500,000 Mezzanine Class C Asset-Backed Notes 2007 due 2066, issue price 100 per cent. ISIN XS0287351463
Time of Noteholders Meeting: 11.45hrs
€ 17,900,000 Mezzanine Class D Asset-Backed Notes 2007 due 2066, issue price 100 per cent. ISIN XS0287352198
Time of Noteholders Meeting: 12.00hrs
€ 13,800,000 Junior Class E Asset-Backed Notes 2007 due 2066, issue price 100 per cent. ISIN XS0287352511
Time of Noteholders Meeting: 12.15hrs
€ 13,800,000 Subordinated Class F Notes 2007 due 2066, issue price 100 per cent. ISIN XS0290510626
Time of Noteholders Meeting: 12.30hrs
€ 6,900,000 Subordinated Class G Notes 2007 due 2066, issue price 100 per cent. ISIN XS0290516409
Time of Noteholders Meeting: 12.45hrs
(the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes" )
Amsterdam, 22 November 2010
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 supervisory judge (rechter-commissaris) in the bankruptcy of DSB has scheduled a claims admission meeting (verificatievergadering) in this bankruptcy on 10 December 2010. The bankruptcy trustees of DSB have submitted a request to the Issuer to agree to a certain acknowledgement and confirmation.
At the request of the Issuer, Stichting Security Trustee Chapel 2007 (the "Security Trustee") hereby convenes a meeting of Noteholders of each Class of Notes on 7 December 2010, in relation to any such Class of Notes at the time as specified under each such Class of Notes in the header hereof, during which a certain extraordinary resolution as described in a report prepared by the Security Trustee (the "Security Trustee Report") will be submitted for adoption (each a "Noteholders Meeting" and collectively, the "Noteholders Meetings"). In anticipation of the Noteholders Meetings, an informative meeting for Noteholders was convened and held on 18 November 2010.
The agenda of each of the Noteholders Meetings is as follows:
1. Opening
2. Introduction of submitted extraordinary resolution
3. Voting on the submitted extraordinary resolution
4. Any other business
5. End of the Noteholders Meeting
Noteholders, their representatives or their proxyholder(s) may attend the relevant Noteholders Meeting in person and may vote at such Noteholders Meeting, subject to certain blocking instructions and voting certificates being submitted as set out in more detail below, at the following address:
Loyens & Loeff
Fred. Roeskestraat 100
1076 ED Amsterdam
The Royal Bank of Scotland N.V. ("RBS") will act as agent in respect of this announcement (the "Agent").
Noteholders also have the opportunity to authorise the Agent to cast their votes, as set out in more detail below.
Instructions to obtain the Security Trustee Report
Noteholders wishing to obtain the Security Trustee Report are requested to submit such request in writing to the Agent ( email: corporate.actions@rbs.com ).
Instructions in relation to in person attending, and voting at, the Noteholders Meetings
Noteholders, their representatives or their proxyholder(s) wishing to attend the relevant Noteholders Meeting in person and to vote at such Noteholders Meeting are requested to submit or procure to submit (i) a blocking instruction to RBS; and (ii) a voting certificate which may be obtained from the Agent; both through and in accordance with any procedures of Euroclear or Clearstream, Luxembourg by no later than 17.00 hours CET on 3 December 2010. Such blocking instruction should contain details of the relevant nominal amount and the ISIN code of each Class of Notes held and all relevant details of the Noteholder (including full contact details). Noteholder representatives or proxyholders wishing to attend the relevant Noteholders Meeting in person must produce at such Noteholders Meeting a valid voting certificate issued by the Agent relating to each such Class of Note(s) in respect of which he or she wishes to vote.
As of 8 December 2010 the relevant nominal amount of each Class of Notes, for which a blocking instruction has been submitted, will be unblocked.
Instructions in relation to authorising the Agent to attend and to vote at, the Noteholders Meetings
Noteholders, wishing to vote but not to attend a Noteholders Meeting in person are requested to submit or procure to submit a blocking instruction to RBS which is to include a voting instruction, all through and in accordance with any procedures of Euroclear or Clearstream, Luxembourg by no later than 17.00 hours CET on 3 December 2010. Such combined blocking instruction and voting instruction should contain details of the relevant nominal amount and the ISIN code of each Class of Notes held, all relevant details of the Noteholder (including full contact details) and the appointment of RBS as proxyholder to attend and vote at each Noteholder Meeting in accordance with the voting instruction received from such Noteholder.
As of 8 December 2010 the relevant nominal amount of each Class of Notes, for which a blocking instruction has been submitted, will be unblocked.
For assistance with procuring attendance at the meeting, obtaining voting certificates and/or submitting voting instructions, please contact the Agent:
The Royal Bank of Scotland N.V.
Tel. +31 20 464 3707
Fax: + 31 20 464 1707
Email: corporate.actions@rbs.com
This notice constitutes the formal announcement of the Noteholders Meetings. Neither Euroclear Bank S.A./N.V., Clearstream Banking société anonyme, the Issuer, the Security Trustee or Royal Bank of Scotland N.V. accept any liability whatsoever for any act or omission to act in relation to the foregoing.
Amsterdamsch Trustee's Kantoor B.V.
Director
Fred. Roeskestraat 123
1076 EE Amsterdam, the Netherlands
Important notice Chapel 2007 B.V.
