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MESDAG Charlie 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, lawyer, accountant or other appropriately authorised independent financial adviser.

 

MESDAG (Charlie) B.V. (the "Issuer")

 

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

 

€355,000,000 Class A Commercial Mortgage Backed Floating Rate Notes 2007 due 2019; issue price 100 per cent. ISIN: XS0289819889

€50,000 Class X Commercial Mortgage Backed Floating Rate Note 2007 due 2019; issue price 100 per cent. ISIN: XS0289830696

€44,700,000 Class B Commercial Mortgage Backed Floating Rate Notes 2007 due 2019; issue price 100 per cent. ISIN: XS0289822677

€44,700,000 Class C Commercial Mortgage Backed Floating Rate Notes 2007 due 2019; issue price 100 per cent. ISIN: XS0289823568

€39,400,000 Class D Commercial Mortgage Backed Floating Rate Notes 2007 due 2019; issue price 100 per cent. ISIN: XS0289824533

€9,800,000 Class E Commercial Mortgage Backed Floating Rate Notes 2007 due 2019. issue price 100 per cent. ISIN: XS0289824889

(the “Notes”)

 

  Amsterdam ,   10 April 2012

 

NOTICE BY STICHTING NOTE TRUSTEE MESDAG (CHARLIE):

 

Reference is made to the offering circular dated 19 April 2007 relating to €493,650,000 commercial mortgage backed floating rate notes 2007 due 2019 issued by MESDAG Charlie B.V. (the “Offering Circular”).

The Notes are backed by certain loans originated by NIBC Bank N.V., one of them being the Dutch Offices II Loan (as defined in the Offering Circular). The Dutch Offices II Loan has been transferred to the Special Servicer, since a Special Servicing Event has occurred. Based on a recent updated valuation report, the Loan to Value of the Dutch Offices II loan has a level of 84%. As the LTV default covenant level is 70%, this results in a Loan Event of Default.

 

Capitalised terms not defined in this notice shall bear the same meanings as in the Offering Circular.

 

Stichting Note Trustee MESDAG (Charlie)

 

Amsterdamsch Trustee's Kantoor B.V.

Director

Fred. Roeskestraat 123

1076 EE Amsterdam, the Netherlands

Notice in relation to a Special Servicing Event
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