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Atomium Mortgage Finance 2003 I BV

Stichting Security Trustee Atomium Mortgage Finance 2003-I

Fred Roeskestraat 123, 1076 EE Amsterdam, The Netherlands

 

29 March 2010

 

Notice to the holders of the:

EUR 2,104,500,000 Class A Mortgage Backed Floating Rate Notes due 2034

EUR 43,000,000 Class B Mortgage Backed Floating Rate Notes due 2034

EUR 16,106,250 Class C Mortgage Backed Floating Rate Notes due 2034

(together the Notes)

 

We refer to the Notes issued by Atomium Mortgage Finance 2003-I B.V. (the Issuer) and the Secured Loan Agreement between the Issuer and OCCHIOLINO NV, Institutionele VBS naar Belgisch recht, acting through its Compartment No. 3 (the Purchaser) dated 18 December 2003 and any of the transaction documents in relation to the underlying transaction as executed on or about 18 December 2003 (the Transaction Documents).

 

Holders of Notes are notified as follows:

 

According to the transaction documents the Servicer provides calculations on the principal loans and the Deemed Principal Losses amongst others. According to recent findings of the Servicer  the amount of Deemed Principal Losses have been unintentionally overstated in past reports, resulting in principal redemptions of the Class A Notes at the expense of distributions towards the Deferred Purchase Price Holder.

 

The Issuer has instructed the Servicer to engage an independent auditor to verify the amounts by which the Servicer believes the Deemed Principal Losses have been misstated. Furthermore, Stichting Security Trustee Atomium Mortgage Finance 2003-I (the Trustee) is considering engaging legal counsel on the consequences and corrective actions to be taken in this respect.

 

Upon such further information becoming available to the Trustee, holders of Notes will be informed accordingly.

 

Sincerely,

 

Stichting Security Trustee Atomium Mortgage Finance 2003-I

 

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER. FOR IMMEDIATE RELEASE
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