E-MAC Program III

Final Put Notice


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 schedule attached as Schedule 1 to the Programme Agreement

E-MAC Program III B.V.

Compartment NL 2008-I

(the "Issuer")

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

€ 72,500,000 Senior Class A1 Notes due 2048, issue price 100 per cent. ISIN XS0348427955
€ 160,000,000 Senior Class A2 Notes due 2048, issue price 100 per cent. ISIN XS0344800957
€ 7,500,000 Mezzanine Class B Notes due 2048, issue price 100 per cent. ISIN XS0344801765
€ 3,900,000 Junior Class C Notes due 2048, issue price 100 per cent. ISIN XS0344801922
€ 6,100,000 Subordinated Class D Notes due 2048, issue price 100 per cent. ISIN XS0344802060
€ 3,400,000 Subordinated Class E Notes due 2048, issue price 100 per cent. ISIN XS0344802490

(the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes", the Class A1 Notes, the Class A2 Notes, the Class B Notes, Class C Notes and Class D Notes together the "Put Option Notes" and the holders thereof the "Put Option Noteholders")

Amsterdam, 18 April 2019

Notice is hereby given by the Issuer that, with reference to Condition 6 (d) (v) (d) of the Terms and Conditions of the Notes under the Program and the Final Terms of Compartment NL 2008-I, 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 Put Option Notes which are subject to redemption on the upcoming Put Date i.e. 25 April 2019. Therefore, with reference to Condition 6(d)(vi) none of the Put Option Notes will be redeemed on the upcoming Put Date and, consequently, the Extension Margins will apply as from the First Put Date as published on 25 February 2011.

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 III
Category Redemption
ISIN XS0348427955
Securities name Floating Rate Notes
Publication date April 22 2019