E-MAC Program

Final Put Notice



THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

This notice is made pursuant to the Act on Financial Supervision (Wet op het financieel toezicht).

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.

Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement

E-MAC Program B.V. - Compartment NL 2007 NHG-II
(the "Issuer")

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

€ 600,000,000 Senior Class A Notes 2007 due 2046, issue price 100 per cent. ISIN: XS0307416338
€ 7,200,000 Mezzanine Class B Notes 2007 due 2046, issue price 100 per cent. ISIN: XS0307417146

(the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes")

Amsterdam, 13 December 2019

This notice constitutes the notice stipulated as under Condition 6 (d) (v) (b) of the Terms and Conditions of the Notes, all of the Rating Agencies S&P, Fitch and Moody’s have confirmed the ratings currently assigned to the Put Option Notes.

The Issuer does not have funds available to redeem the Notes which are subject to redemption on the upcoming Put Date, i.e. the 27th of January 2020. Therefore, none of the Notes will be redeemed on the Put Date, in accordance with and subject to the Terms and Conditions of the Notes.

No Extension Margins have been determined to date. The Issuer and the Security Trustee are currently considering the situation that has arisen and the way forward. Pending such determination and until further notice, no distributions will be made through the Interest Priority of Payments prior to the notification of pledge, below item q, being the item directly above the item relating to the Subordinated Extension Interest Part relating to the Senior Class A Notes, and amounts then remaining will be provisionally retained by the Issuer.

Intertrust Management B.V.
Director of the Issuer
Prins Bernhardplein 200
1097 JB Amsterdam, The Netherlands
[email protected]

Message details

Sub-group Bonds
Issuer E-MAC Program
Category Redemption
ISIN XS0307416338
XS0307417146
Securities name Floating Rate Notes
Publication date December 16 2019