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.
CHAPEL 2003-I B.V.
Notice is hereby given with respect to notes of each of the following class(es):
euro 47,500,000 floating rate Subordinated Class D Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0181842146
(the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes" and the holders thereof the "Noteholders" )
Amsterdam, 28 June 2012
The Notes are backed by certain loan receivables originated by DSB Bank N.V. ("DSB"). DSB was declared bankrupt on 19 October 2009.
Stichting Security Trustee Chapel 2003-I (the "Security Trustee"), herewith informs Noteholders that as per 20 June 2012, the Issuer, the Security Trustee and the Company Administrator have entered into an Addendum to the Servicing Agreement, pursuant to which, amongst others, the Company Administrator was instructed to record certain losses relating to the duty of care claims to the debit of the Principal Deficiency Ledgers in accordance with and as to implement an Extraordinary Resolution to that extent adopted by Noteholders during the meetings of 24 January 2012 and 23 February 2012.
Neither Euroclear Bank S.A./N.V., Clearstream Banking société anonyme, the Issuer, the Security Trustee or ABN AMRO Bank N.V. accept any liability whatsoever for any act or omission to act in relation to the foregoing.
Claude Debussylaan 24
1082 MD Amsterdam
ANT Trust & Corporate Services N.V.