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Issuer Notice Chapel 2003-I

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.
(the "Issuer")  

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

euro 890,000,000 floating rate Senior Class A Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0179679328

euro 39,000,000 floating rate Mezzanine Class B Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0179679674

euro 23,500,00 floating rate Junior Class C Asset-Backed Notes 2003 due November 2064, issue price 100 per cent. ISIN: XS 0179679914

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" )

 

Amsterdam, 8 January 2011

NOTICE

The Notes are backed by certain loan receivables originated by DSB Bank N.V. ("DSB"). DSB was declared bankrupt on 19 October 2009. A claims admission meeting (verificatievergadering) in this bankruptcy was held on 10 December 2010.

The bankruptcy trustees of DSB have submitted a request to the Issuer to agree to a certain acknowledgement and confirmation. Stichting Security Trustee Chapel 2003-I (the "Security Trustee") has convened a meeting of noteholders (each a "Noteholder" and collectively, the "Noteholders") of each Class of Notes (each a "Noteholders Meeting" and collectively, the "Noteholders Meetings") to be held on 17 January 2011.

The bankruptcy trustees of DSB have informed us that they suspend until further notice their request to the Issuer to agree to a certain acknowledgement and confirmation. Consequently, the Security Trustee has decided to cancel the Noteholders Meetings scheduled for 17 January 2011 and to reconvene new Noteholders Meetings if and when appropriate.  

The Security Trustee intends to continue to frequently update Noteholders on the developments in respect of DSB and the consequences for the Issuer and the Noteholders in the broadest sense through announcements on the website of the Issuer at www.atccapitalmarkets.com. The Royal Bank of Scotland N.V. ("RBS") acts as agent in respect of this announcement (the "Agent").

For assistance, please contact the Agent:

The Royal Bank of Scotland N.V.

Tel. +31 20 464 3707

Fax: + 31 20 464 1707

Email: corporate.actions@rbs.com

 

 

 

                       

ANT Trust & Corporate Services N.V.

Director

Claude Debussylaan 24

1082 MD Amsterdam

Important Notice Chapel 2003-I, 8 January 2011
Private Wealth Services