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STRONG 2011-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.

The date of this notice is 8 April 2014.

STRONG 2011-I B.V. (the Issuer)

A private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated and existing under Dutch law having its corporate seat in Amsterdam, the Netherlands, and its registered office at Prins Bernhardplein 200, 1097 JB Amsterdam, the Netherlands

EUR 1,212,500,000 Senior Class A Mortgage-Backed Notes 2011 due 2048,

ISIN XS0600112493

EUR 37,500,000 Subordinated Class B Mortgage-Backed Notes 2011 due 2048,
ISIN XS0600114275


The capitalised terms used in this notice shall bear the same meanings given to them in the Prospectus dated 17 March 2011 for STRONG 2011-I B.V.


STRONG 2011-I B.V. hereby gives notice to all holders of the Notes of the occurrence of the following events:

(a)         On 24 February 2014 notice was given by S&P that the WAFF/WALS calculation exceeded the WAFF/WALS test as set forth in schedule 6 (Additional Purchase Criteria) to the Mortgage Receivables Purchase Agreement. Due to this overrunning, the Seller was no longer allowed to substitute any Mortgage Receivables.

(b)         To allow the Seller to once again substitute any Mortgage Receivables, the Seller, the Issuer and the Security Trustee have agreed with S&P to amend and restate various terms of schedule 6 (Additional Purchase Criteria) of the Mortgage Receivables Purchase Agreement. In addition, Moody’s has been notified with regard to such amendment.

(c)         All parties who are required to give their consent or approval under any of the Transaction Documents have confirmed that they agree to and approve the amendment and restatement of the Mortgage Receivables Purchase Agreement.

(d)         The amended and restated Mortgage Receivables Purchase Agreement is available for inspection at the office of the Security Trustee and the Paying Agent.

For more information:

STRONG 2011-I B.V.

Intertrust Management B.V.

+31 (0)20 521 4777

Issuer Notice 8 April 2014
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