Issuer Notice Monastery 2004-I

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

 

This notice is made pursuant to section 5:25i of the Act on Financial Supervision (Wet op het financieel toezicht), pursuant to which inside information should be made forthwith available .

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" )

 

Amsterdam, 8 January 2011

NOTICE

The Notes are backed by certain loan receivables originated by DSB Bank N.V. ("DSB"). DSB was declared bankrupt on 19 October 2009. A claims admission meeting (verificatievergadering) in this bankruptcy was held on 10 December 2010.

The bankruptcy trustees of DSB have submitted a request to the Issuer to agree to a certain acknowledgement and confirmation. Stichting Security Trustee Monastery 2004-I (the "Security Trustee") has convened a meeting of noteholders (each a "Noteholder" and collectively, the "Noteholders") of each Class of Notes (each a "Noteholders Meeting" and collectively, the "Noteholders Meetings") to be held on 17 January 2011.

Announcement pursuant to section 5:25i of the Act on Financial Supervision (Wet op het financieel toezicht)

The bankruptcy trustees of DSB have informed us that they suspend until further notice their request to the Issuer to agree to a certain acknowledgement and confirmation. Consequently, the Security Trustee has decided to cancel the Noteholders Meetings scheduled for 17 January 2011 and to reconvene new Noteholders Meetings if and when appropriate.  

The Security Trustee intends to continue to frequently update Noteholders on the developments in respect of DSB and the consequences for the Issuer and the Noteholders in the broadest sense through announcements on the website of the Issuer at www.atccapitalmarkets.com. The Royal Bank of Scotland N.V. ("RBS") acts as agent in respect of this announcement (the "Agent").

For assistance, 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

Amsterdamsch Trustee's Kantoor B.V.

Director

Fred. Roeskestraat 123

1076 EE Amsterdam, the Netherlands

Important Notice Monastery 2004-I, 8 January 2011