Eurosail-NL 2007-1 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.

 

Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement entered into by the Issuer in connection with the issue of the Notes on 26 July 2007 as amended and restated.

 

 

EUROSAIL-NL 2007-1 B.V.
(the " Issuer ")

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

EUR 306,250,000 Class A Mortgage Backed Floating Notes due April 2040,

ISIN: XS0307254259/US298797AA96

EUR 14,525,000 Class B Mortgage Backed Floating Rate Notes due April 2040,

ISIN: XS0307256114/US298797AB79

EUR 14,000,000 Class C Mortgage Backed Floating Rate Notes due April 2040,

ISIN: XS0307257435/US298797AC52

EUR 12,775,000 Class D Mortgage Backed Floating Rate Notes due April 2040,

 ISIN: XS0307260496/US298797AD36

( the "Put Option Notes" and the holders thereof the "Put Option Noteholders" )

 

 

Amsterdam, 17 March 2014

Notice is hereby given by the Issuer in relation to the Put Option Date falling on 17 April 2014 (the " Put Option Date " ). The Seller has decided not to repurchase the Mortgage Receivables from the Issuer. Furthermore, the Issuer has not identified any third party interested in purchasing Mortgage Receivables outstanding on or before the Put Option Date against the Redemption Repurchase Price as defined in the Transaction Documents.

 

Consequently, the Issuer will not redeem any of the Put Option Notes on the Put Option Date.

 

Due to the fact that the Seller has informed the Issuer that it will not repurchase the Mortgage Receivables on any Put Option Date until further notice and the fact that in the current market circumstances the Issuer does not expect to succeed in finding any third party interested in purchasing Mortgage Receivables outstanding against the Redemption Repurchase Price, it is the intention of the Security Trustee to convene a meeting of the Put Option Noteholders before the first Put Option Date falling after 17 April 2014 in which the process of the offering of the Put Option Notes for redemption will be addressed.

 

Intertrust Management B.V.

Director of the Issuer

Prins Bernhardplein 200

1097 JB Amsterdam

Put Option Notice