E-MAC DE 2006-I 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.
E-MAC DE 2006-I B.V.
Notice is hereby given with respect to notes of each of the following class(es):
€ 437,000,000 Senior Class A Mortgage Backed Notes 2006 due 2048, issue price 100 per cent.
€ 27,000,000 Mezzanine Class B Mortgage Backed Notes 2006 due 2057, issue price 100 per cent.
€ 17,500,000 Junior Class C Mortgage Backed Notes 2006 due 2057, issue price 100 per cent.
€ 11,500,000 Subordinated Class D Mortgage Backed Notes 2006 due 2057, issue price 100 per cent.
€ 7,000,000 Subordinated Class E Mortgage Backed Notes 2006 due 2057, issue price 100 per cent.
( the "Put Option Notes" and each class of Notes, a "Class of Put Option Notes" and together the "Classes of Put Option Notes" and the holders thereof the "Put Option Noteholders" )
Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement
Amsterdam, 2 8 March 2013
Pursuant to Condition 6 (d) (iv) (1), the Issuer hereby notifies the Put Option Noteholders that in accordance with the Terms and Conditions of the Notes, each of the Put Option Noteholders has the right to exercise the Put Option and to offer to the Issuer any or all Put Option Notes held by it for redemption on the 28th May 2013 (the "First Put Date"). The Put Option Notes in respect of which the Put Option is exercised may be redeemed, subject to the Terms and Conditions of the Notes, in particular but not limited to Condition 9, on the First Put Date.
The Issuer has received a letter from the MPT Provider stating that it will not, and also does not have the financial means to, grant the Servicing Advance loan on or before the First Put Date. Furthermore, the Issuer has reason to doubt that it will succeed in finding any third party which would be willing to purchase Mortgage Receivables or to provide the Servicing Advance loan on or before the First Put Date, at the terms provided for in the relevant documents. Consequently, the Issuer expects not to have sufficient funds available to redeem the Notes which are subject to redemption on the First Put Date.
In accordance with the Terms and Conditions, further details (in particular, each Extension Margin and the assumed remaining average life of each Class of Put Option Notes) will be published on or before the twentieth day before the First Put Date .
ATC Management B.V.
Director of the Issuer
Fred. Roeskestraat 123
1076 EE Amsterdam, the Netherlands