Document:

Master Confirmation

 EXHIBIT 10.1 
 March 21, 2013 
 Master Confirmation for Forward Stock Sale Transactions

  

	To:	Westar Energy, Inc. 

 818 South
Kansas Avenue, 
 Topeka, Kansas 66612 
  

	From:	The Bank of New York Mellon 

 32
Old Slip 
 15th Floor 
 New York, New York 10286 
 Fax: 212-495-1015
             
 Dear Sir/Madam: 

The purpose of this letter agreement (this “Master Confirmation”) is to confirm the terms and conditions of the transactions to be
entered into from time to time between The Bank of New York Mellon (“Party A” or “BNY”) and Westar Energy, Inc. (“Party B”) in accordance with the terms of the Sales Agency Financing Agreement,
dated as of March 21, 2013, among BNY Mellon Capital Markets, LLC, Party A and Party B (the “Sales Agency Financing Agreement”) on the Trade Dates specified below (collectively, the “Transactions”, and each, a
“Transaction”). Each Transaction will be evidenced by a supplemental confirmation (each, a “Supplemental Confirmation”, and each such Supplemental Confirmation, together with this Master Confirmation, a
“Confirmation” for purposes of the Agreement specified below) substantially in the form of Exhibit A hereto. 
 The definitions
and provisions contained in the 2002 ISDA Equity Derivatives Definitions (as published by the International Swaps and Derivatives Association, Inc. (“ISDA”)) (the “Equity Definitions”) are incorporated into each
Confirmation. In the event of any inconsistency between the Equity Definitions and any Confirmation, such Confirmation will govern to the extent of such inconsistency. Any reference to a currency shall have the meaning contained in Annex A to the
1998 ISDA FX and Currency Option Definitions, as published by ISDA. 
  

	1.	Each Confirmation evidences a complete and binding agreement between Party A and Party B as to the terms of the Transaction to which such Confirmation relates. Each
Confirmation shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if Party A and Party B had executed an agreement in such form on the date hereof (but
without any Schedule except for the election of the laws of the State of New York as the governing law); provided that in no event shall Party B be required to pay an additional amount to Party A under Section 2(d)(i)(4) of the
Agreement; provided further that, prior to any assignment or transfer by Party A any of its rights, or any delegation by Party A any of its duties, under this Master Confirmation and any Supplemental Confirmation relating to a Transaction, in
each case, pursuant to the provisions set forth under the heading “Assignment” below, in no event shall Party A be required to pay an additional amount to Party B under Section 2(d)(i)(4) of the Agreement. In the event of any
inconsistency between provisions of that Agreement and any Confirmation, such Confirmation will prevail for the purpose of the Transaction to which such Confirmation relates. In the event of any inconsistency between provisions of this Master
Confirmation and any Supplemental Confirmation, this Master Confirmation will prevail to the extent of such inconsistency. The parties hereby agree that no Transaction other than the Transactions to which the Confirmations relate shall be governed
by the Agreement. For purposes of the Equity Definitions, each Transaction is a Share Forward Transaction. 

  

	2.	The terms of the particular Transactions to which this Master Confirmation relates are as follows: 

GENERAL TERMS: 
  

			
	Seller:	  	Party B
		
	Buyer:	  	Party A

			
	Trade Date:	  	Subject to the provisions under the heading “Acceleration Events” below, for each Transaction, the last Trading Day (as defined in the Sales Agency Financing Agreement) of
the Forward Hedge Selling Period (as defined in the Sales Agency Financing Agreement) for such Transaction, as specified in the Supplemental Confirmation for such Transaction.
		
	Effective Date:	  	For each Transaction, the date that follows the Trade Date for such Transaction by one Settlement Cycle, as specified in the Supplemental Confirmation for such
Transaction.
		
	Base Shares:	  	For each Transaction, the number of Shares equal to the Actual Sold Forward Amount (as defined in the Sales Agency Financing Agreement) for the Forward Hedge Selling Period for such
Transaction, as specified in the Supplemental Confirmation for such Transaction. Immediately after the open of business on each Settlement Date for a Transaction, the number of Base Shares for such Transaction shall be reduced by the number of
Settlement Shares for such Settlement Date.
		
	Maturity Date:	  	For each Transaction, the date that follows the Trade Date for such Transaction by the number of months set forth in the Transaction Notice (as defined in the Sales Agency Financing
Agreement) for such Transaction, as specified in the Supplemental Confirmation for such Transaction (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day); provided that if the Maturity Date for any
Transaction is a Disrupted Day, then such Maturity Date shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day.
		
	Forward Price:	  	For each Transaction, on the Effective Date for such Transaction, the Initial Forward Price for such Transaction, and on any other day, the Forward Price for such Transaction as of
the immediately preceding calendar day multiplied by the sum of (i) 1 plus (ii) the Daily Rate for such day; provided that, on each Forward Price Reduction Date for such Transaction that occurs on or after the Effective Date for
such Transaction, the Forward Price for such Transaction in effect on such date shall be such Forward Price otherwise in effect on such date minus the Forward Price Reduction Amount for such Forward Price Reduction Date.
		
	Initial Forward Price:	  	For each Transaction, 99% of the USD amount per Share equal to the volume-weighted average of the Sales Prices (as defined in the Sales Agency Financing Agreement) per share of
Forward Hedge Shares (as defined in the Sales Agency Financing Agreement) sold on each Trading Day (as defined in the Sales Agency Financing Agreement) of the Forward Hedge Selling Period for such Transaction, as specified in the Supplemental
Confirmation for such Transaction; provided that, solely for the purposes of calculating the Initial Forward Price, each such Sales Price (other than the Sales Price for the last day of the relevant Forward Hedge Selling Period) shall be
subject to adjustment in the same manner as the Forward Price pursuant to the definition thereof during the period from, but excluding, the date one Settlement Cycle immediately following the Trading Day of the relevant Forward Hedge Selling Period
on which the Forward Hedge Shares related to such Sales Price are sold to, and including, the Effective Date of such Transaction. The Initial Forward Price for each Transaction shall be specified in the Supplemental Confirmation for such
Transaction.
		
	Daily Rate:	  	For any day, (i)(A) USD-Federal Funds Rate for such day minus (B) the Spread divided by (ii) 360.

  
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	USD-Federal Funds Rate:	  	For any day, the rate set forth for such day opposite the caption “Federal funds”, as such rate is displayed on the page “FedsOpen <Index> <GO>” on
the BLOOMBERG Professional Service, or any successor page; provided that if no rate appears on any day on such page, the rate for the immediately preceding day on which a rate appears shall be used for such day.
		
	Spread:	  	0.60%
		
	Settlement Commission:	  	As set forth in Exhibit B hereto.
		
	Forward Price Reduction Date:	  	For each Transaction, each date set forth under the heading “Forward Price Reduction Date” in the Transaction Notice for such Transaction, as specified in Schedule I to
the Supplemental Confirmation for such Transaction.
		
	Forward Price Reduction Amount:	  	For each Forward Price Reduction Date for any Transaction, the Forward Price Reduction Amount set forth opposite such date on Schedule I to the Supplemental Confirmation for such
Transaction.
		
	Shares:	  	Common stock, $5.00 par value per share, of Westar Energy, Inc. (the “Issuer”) (Exchange identifier: “WR”).
		
	Prepayment:	  	Not Applicable
		
	Exchange:	  	New York Stock Exchange, subject to clause (e) under the heading “Acceleration Events” below.
		
	Related Exchange(s):	  	All Exchanges
		
	Clearance System:	  	The Depository Trust Company (or its successor)
		
	Calculation Agent:	  	Party A. Upon execution of this Master Confirmation, Party B hereby requests the Calculation Agent to provide, and the Calculation Agent shall provide, Party B with a schedule of
all calculations, adjustments and determinations in reasonable detail and in a timely manner.
		
	Determining Party:	  	Party A
		
	Exchange Act:	  	The Securities Exchange Act of 1934, as amended from time to time.
		
	SETTLEMENT TERMS:	  	
		
	Settlement Date:	  	With respect to any Transaction, subject to the provisions under “Acceleration Events” and “Termination Settlement” below, any Scheduled Trading Day following
the Effective Date for such Transaction and up to, and including, the Maturity Date for such Transaction, as designated by Party B in a written notice (a “Settlement Notice”) that satisfies the Settlement Notice Requirements and
that (a) if related to any Cash Settlement or Net Share Settlement, is delivered to Party A at least ten Scheduled Trading Days prior to such Settlement Date and (b) if related to Physical Settlement, is delivered at any time before the Maturity
Date for such Transaction, and settlement will be completed as promptly as reasonably practicable thereafter; provided that (i) subject to clause (ii) below and after giving effect to any other Settlement occurring on the Maturity Date for
such Transaction, the Maturity Date for such Transaction shall be a Settlement Date for such Transaction if the number of Base Shares for such Transaction immediately before the open of business on such Maturity Date is

  
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		  	greater than zero; (ii) if Cash Settlement or Net Share Settlement applies, any Settlement Date for any Transaction shall, if Party A is unable to completely unwind its hedge during
the originally scheduled Unwind Period due to (A) an inability to comply with the provisions of Rule 10b-18 under the Exchange Act, (B) the existence of any Suspension Day or Disrupted Day, or (C) the inability of Party A, in its commercially
reasonable judgment, to unwind its hedge during the originally scheduled Unwind Period, be deferred until the third Scheduled Trading Day following the date on which Party A is able to completely unwind its hedge (provided that such deferral shall
not extend beyond the earlier of (x) the Maturity Date and (y) the 20th Scheduled Trading Day after the Settlement Date designated in the Settlement Notice, and such deferred date shall be a Settlement Date for such Transaction to which (1) Cash
Settlement or Net Share Settlement, as applicable, will apply with respect to the portion of the applicable Settlement Shares as to which Party A has unwound its hedge during the Unwind Period (for avoidance of doubt, such portion of such Settlement
Shares to be a number of Settlement Shares with respect to which Party A would be deemed, pursuant to the immediately following paragraph, to have completely unwound it hedge), and (2) Physical Settlement will apply with respect to the remainder of
such Settlement Shares), and (iii) with respect to any Transaction, no more than six Settlement Dates other than the Maturity Date for such Transaction may be designated by Party B; provided further that if Party A shall fully unwind its hedge by a
date that is more than one Settlement Cycle prior to the related Settlement Date specified above, Party A may, by written notice to Party B, specify any Scheduled Trading Day prior to such original Settlement Date as the Settlement Date; provided
further that if any Settlement Date specified above is not a Scheduled Trading Day, the Settlement Date shall instead be the next Scheduled Trading Day. Notwithstanding anything herein to the contrary, if any Settlement Date is not a Clearance
System Business Day, then such Settlement Date shall instead occur on the next succeeding day that is a Clearance System Business Day.
		
		  	With respect to any Settlement Date of a Transaction, Party A will be deemed to have completely unwound its hedge upon such time that Party A shall have acquired a number of Shares
(i) in the case of Cash Settlement, equal to the number of Settlement Shares for such Settlement Date, and (ii) in the case of Net Share Settlement, for which Party A has paid an aggregate purchase price (inclusive of a per Share
commission equal to the Settlement Commission) equal to (1) the product of (A) the number of Settlement Shares for such Settlement Date and (B) the Forward Price for such Transaction as of the first day of the applicable Unwind Period
minus (2) the product of (A) the Forward Price Reduction Amount for each Forward Price Reduction Date for such Transaction that occurs during such Unwind Period and (B) the number of Settlement Shares with respect to which
Party A has not unwound its hedge as of the close of business on such Forward Price Reduction Date.
		
	Settlement Shares:	  	For any Settlement Date of a Transaction, subject to the provisions under “Acceleration Events” and “Termination Settlement” below, the number of Shares so
designated by Party B in the applicable Settlement Notice, provided such number of Shares shall not exceed the number of Base Shares for such Transaction immediately before the open of business on such Settlement Date, less the number
of Shares previously designated as Settlement Shares for such Transaction for which a Settlement Date has not yet occurred; provided that, on the Maturity Date for any Transaction, the number of Settlement Shares for such Transaction shall be
equal to the number of Base Shares for such Transaction immediately before the open of business on such Maturity Date, less the number of Shares previously designated as Settlement Shares for such Transaction for

  
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		  	which a Settlement Date has not yet occurred; provided further that the number of Settlement Shares shall not be less than the lesser of (i) the number of Base Shares for such
Transaction immediately before the open of business on such Settlement Date, less the number of Shares previously designated as Settlement Shares for such Transaction for which a Settlement Date has not yet occurred; and (ii)
10,000.
		
	Settlement Method:	  	Subject to the provisions under “Settlement Date” above and “Acceleration Events” and “Termination Settlement” below, Physical, Cash, or Net Share, at
the election of Party B as set forth in a Settlement Notice that satisfies the Settlement Notice Requirements. Party B hereby irrevocably elects Physical Settlement to apply to any Settlement Date for a Transaction that occurs on the Maturity Date
for such Transaction pursuant to clause (i) of the first proviso opposite the caption “Settlement Date” above. Furthermore, if Party B designates a Settlement Date but fails to elect a Settlement Method for such Settlement Date,
Party B shall be deemed to have irrevocably elected for Physical Settlement to apply on such Settlement Date.
		
	Settlement Notice Requirements:	  	Notwithstanding any other provisions hereof, a Settlement Notice delivered by Party B that specifies Cash Settlement or Net Share Settlement will not be effective to establish a
Settlement Date or require Cash Settlement or Net Share Settlement (as applicable) unless Party B delivers to Party A with such Settlement Notice a representation signed by Party B substantially in the following form: “As of the date of this
Settlement Notice, Westar Energy, Inc. is not aware of any material nonpublic information concerning itself or the Shares, and is designating the date contained herein as a Settlement Date in good faith and not as part of a plan or scheme to evade
compliance with the federal securities laws.”
		
	Unwind Period:	  	The period from, and including, the first Scheduled Trading Day following the date on which Party B elects Cash Settlement or Net Share Settlement in respect of a Settlement Date
through the third Scheduled Trading Day preceding such Settlement Date (it being understood that such Settlement Date may be deferred pursuant to clause (ii) of the first proviso under “Settlement Date” above, thereby lengthening the
related Unwind Period).
		
	Unwind Daily Share Amount:	  	On each Scheduled Trading Day during the Unwind Period relating to a Settlement Date, other than a Suspension Day or a Disrupted Day, Party A will, in accordance with the principles
of best execution, use commercially reasonable efforts to purchase a number of Shares equal to the least of (i) 100% of the volume limitation of Rule 10b-18 applicable to Party A (assuming that Rule 10b-18 applied to Party A’s purchases during
the Unwind Period as if Party A were Party B) for the Shares on such Scheduled Trading Day, without reference to any block purchases, (ii) 25% of the daily trading volume for the Shares on the Exchange on such Scheduled Trading Day, and (iii) the
number of Shares required, pursuant to the second paragraph under “Settlement Date” above, to be purchased by Party A in order to completely unwind its hedge with respect to the Settlement Shares relating to such Settlement Date. In
connection with bids and purchases of Shares in connection with any Net Share Settlement or Cash Settlement of any Transaction hereunder, Party A shall conduct its activities, or cause its affiliates to conduct their activities, in a manner
consistent with the requirements of the safe harbor provided by Rule 10b-18 under the Exchange Act, as if such provisions were applicable to such purchases. For avoidance of doubt, in no event shall Party A be required to make any such purchases
during any Unwind Period (or during overlapping Unwind Periods for one or more Settlement Dates of one or more Transactions) that exceed the volume limitations set forth in Rule 10b-18.

  
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	Physical Settlement:	  	In lieu of the obligations set forth in Section 9.2 of the Equity Definitions, on any Settlement Date in respect of which Physical Settlement applies, Party B shall deliver, through
the Clearance System, to Party A a number of Shares equal to the Settlement Shares for such Settlement Date, and Party A shall deliver to Party B, by wire transfer of immediately available funds to an account designated by Party B, an amount in cash
equal to the Physical Settlement Amount for such Settlement Date, on a delivery versus payment basis.
		
	Physical Settlement Amount:	  	With respect to any Transaction, for any Settlement Date in respect of which Physical Settlement applies, an amount in cash equal to the product of the Forward Price for such
Transaction on such Settlement Date and the number of Settlement Shares for such Settlement Date.
		
	Cash Settlement:	  	In lieu of the obligations set forth in Sections 8.4 and 8.5 of the Equity Definitions, on any Settlement Date in respect of which Cash Settlement applies, (i) if the Cash
Settlement Amount is a positive number, Party A will pay the Cash Settlement Amount to Party B; and (ii) if the Cash Settlement Amount is a negative number, Party B will pay the absolute value of the Cash Settlement Amount to Party A. Such amounts
shall be paid on the Settlement Date by wire transfer of immediately available funds to an account designated by the party to receive such amounts.
		
	Cash Settlement Amount:	  	With respect to any Transaction, for any Settlement Date for such Transaction in respect of which Cash Settlement applies, an amount determined by the Calculation Agent equal to:
(1) the product of (i) (A) the Forward Price for such Transaction as of the first day of the applicable Unwind Period minus (B) the sum of (x) the weighted average price per Share at which Party A purchased Shares during the Unwind Period
applicable to Cash Settlement to unwind its hedge in connection with the portion of such Transaction to be settled on such Settlement Date, in compliance with Rule 10b-18 under the Exchange Act as if it applied to Party A during the Unwind Period
and (y) a per Share commission equal to the Settlement Commission and (ii) the number of Settlement Shares for such Settlement Date that are subject to Cash Settlement minus (2) the product of (i) the Forward Price Reduction Amount for
each Forward Price Reduction Date for such Transaction that occurs during such Unwind Period and (ii) the number of Settlement Shares for such Settlement Date that are subject to Cash Settlement and with respect to which Party A has not unwound its
hedge as of such Forward Price Reduction Date.
		
	Net Share Settlement:	  	On any Settlement Date in respect of which Net Share Settlement applies, if the number of Net Share Settlement Shares is a (i) positive number, Party A shall deliver, through the
Clearance System, a number of Shares to Party B equal to the Net Share Settlement Shares, and (ii) negative number, Party B shall deliver, through the Clearance System, a number of Shares to Party A equal to the absolute value of the Net Share
Settlement Shares; provided that if Party A determines in its good faith judgment that it would be required to deliver Net Share Settlement Shares to Party B, Party A may elect to deliver a portion of such Net Share Settlement Shares on one
or more dates prior to the applicable Settlement Date.
		
	Net Share Settlement Shares:	  	On any Settlement Date of a Transaction in respect of which Net Share Settlement applies, an amount equal to (A) the number of Shares acquired in the Unwind Period applicable the
portion of such Transaction to be settled on such Settlement Date pursuant to Net Share Settlement minus (B) the number of Settlement Shares for such Settlement Date that are subject to Net Share Settlement.

  
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	Settlement Currency:	  	USD
		
	Failure to Deliver:	  	Not Applicable
	
	SUSPENSION OF CASH OR NET SHARE SETTLEMENT:
		
	Suspension Day:	  	Any day on which Party A determines, in good faith and based on the advice of counsel, that it is appropriate with respect to any legal, regulatory or self-regulatory requirements
or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Party A generally in connection with its business) for Party A or its affiliates to refrain from
engaging in transactions in the Shares. Party A shall notify Party B if it makes a determination that any day in an Unwind Period is a Suspension Day, but such notice need not specify the reason for Party A’s determination.
	
	ADJUSTMENTS:
		
	Method of Adjustment:	  	Calculation Agent Adjustment. Notwithstanding anything in the Equity Definitions to the contrary, for each Transaction, the Calculation Agent may make an adjustment pursuant to
Calculation Agent Adjustment to any one or more of the Base Shares for such Transaction, the Forward Price for such Transaction and any other variable relevant to the settlement or payment terms of such Transaction.
	
	EXTRAORDINARY EVENTS:
		
	Extraordinary Events:	  	In lieu of the applicable provisions contained in Article 12 of the Equity Definitions, the consequences of any applicable Extraordinary Event shall be as specified in
“Acceleration Events” and “Termination Settlement” hereunder.
		
	ACCOUNT DETAILS:	  	
		
	Payments to Party A:	  	To be advised under separate cover or telephone, confirmed prior to each Settlement Date.
		
	Payments to Party B:	  	To be advised under separate cover or telephone, confirmed prior to each Settlement Date.
		
	Delivery of Shares to Party A:	  	To be advised
		
	Delivery of Shares to Party B:	  	To be advised

 3. Other Provisions: 
 Conditions to Effectiveness: 
 The effectiveness of each Supplemental
Confirmation on the Effective Date for such Supplemental Confirmation shall be subject to (i) the condition that the representations and warranties of Party B contained in Section 3(a) of the Agreement and in the Sales Agency Financing
Agreement, and any certificate delivered pursuant to the Sales Agency Financing Agreement by Party B, be true and correct on such Effective Date as if made as of such Effective Date, (ii) the condition that the representations and warranties of
Party A contained in Section 3(a) of the Agreement be true and correct on such Effective 

  
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Date as if made as of such Effective Date, (iii) the condition that Party B have delivered to Party A an opinion of counsel (which may include internal counsel to Party B) dated on or prior
to the first Trade Date for a Transaction hereunder with respect to matters set forth in Section 3(a)(ii) and Section 3(a)(v) of the Agreement (as if references therein to “this Agreement” were instead references to “this
Master Confirmation”), (iv) the condition that Party B have performed all of the obligations required to be performed by it under the Sales Agency Financing Agreement on or prior to such Effective Date, (v) delivery by Party A to
Party B of a properly executed Internal Revenue Service Form W-9 or similar documentation establishing an exemption from backup withholding under the Internal Revenue Code of 1986, as amended, and (vi) the satisfaction of all of the conditions
set forth in Section 5.01 of the Sales Agency Financing Agreement. For purposes hereof, the representation in Section 3(a)(iv) of the Agreement shall, for avoidance of doubt, extend to this Master Confirmation and each Supplemental
Confirmation. 
 Representations and Warranties of Party B: Party B hereby represents and warrants to Party A (each of such
representations to be deemed part of Section 3(a) of the Agreement) as of the date hereof and on the Effective Date of each Transaction, and, in the case of clause (b), on such dates and on each Settlement Date for such Transaction, that:

  

	 	(a)	The execution, delivery and the performance by Party B of this Master Confirmation or the Supplemental Confirmation for such Transaction (including, without limitation,
the issuance and delivery of Shares on any Settlement Date for such Transaction), as the case may be, and compliance by Party B with its obligations under this Master Confirmation or such Supplemental Confirmation, as the case may be, (i) has
been duly authorized by all necessary corporate action and does not and will not result in any violation of the provisions of the articles of incorporation or by-laws of Party B or any applicable law, statute, rule, regulation, judgment, order, writ
or decree of any government instrumentality or court, domestic or foreign, having jurisdiction over Party B or any of its assets, properties or operations and (ii) will not conflict with or result in a breach of any of the terms or provisions
of, or constitute a default under, any material indenture, mortgage or deed of trust or other material agreement or instrument, in each case filed (or incorporated by reference) as an exhibit to Party B’s then most recent 10-K or Party B’s
8-Ks or 10-Qs filed after the end of the latest fiscal year of Party B covered by such 10-K and on or prior to such date on which Party B makes or is deemed to make these representations and warranties and to which Party B or any of its subsidiaries
is a party or by which Party B or any of its subsidiaries or any of their respective properties is bound. 

  

	 	(b)	No filing with, or authorization, approval, consent, license, order, registration, qualification or decree of, any court or governmental authority or agency is
necessary or required for the execution, delivery and performance by Party B of this Master Confirmation or the Supplemental Confirmation for such Transaction, as the case may be, and, if applicable, the consummation of such Transaction (including,
without limitation, the issuance and delivery of Shares on any Settlement Date for such Transaction) except (i) such as have been obtained under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) as may
be required to be obtained under state securities law. 

  

	 	(c)	Party B is as of the date hereof, and after giving effect to the transactions contemplated hereby and by the relevant Supplemental Confirmation will be, Solvent. As
used in this paragraph, the term “Solvent” means, with respect to a particular date, that on such date (A) the present fair market value (or present fair saleable value) of the assets of Party B is not less than the total
amount required to pay the liabilities of Party B on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured, (B) Party B is able to realize upon its assets and pay its debts and other
liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, (C) assuming consummation of the transactions as contemplated by this Master Confirmation, Party B is not incurring debts or
liabilities beyond its ability to pay as such debts and liabilities mature, (D) Party B is not engaged in any business or transaction, and does not propose to engage in any business or transaction, for which its property would constitute
unreasonably small capital after giving due consideration to the prevailing practice in the industry in which Party B is engaged and (E) Party B is not a defendant in any civil action that could reasonably be expected to result in a judgment
that Party B is or would become unable to satisfy. 

  

	 	(d)	Neither Party B nor any “affiliated purchaser” of Party B (as defined in Rule 10b-18 under the Exchange Act) shall take any action that would cause any
purchases of Shares by Party A during any Unwind Period relating to any Cash Settlement or Net Share Settlement of any Transaction not to comply with Rule 10b-18 under the Exchange Act. 

  
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	 	(e)	Party B is an “eligible contract participant” (as such term is defined in Section 1a(12) of the Commodity Exchange Act, as amended) and, as of such
Effective Date, such Transaction will have been subject to individual negotiation. 

  

	 	(f)	The representations and warranties of Party B contained in the Sales Agency Financing Agreement and any certificate delivered pursuant thereto by Party B shall be true
and correct on such Effective Date as if made as of such Effective Date. 

  

	 	(g)	Party B is not and has not been the subject of any civil proceeding of a judicial or administrative body of competent jurisdiction that could reasonably be expected to
impair materially Party B’s ability to perform its obligations under this Master Confirmation or the Supplemental Confirmation for such Transaction, as the case may be. 

 Covenants of Party B: Party B hereby agrees that, so long as either party has or may have any obligation under any Transaction, that: 

 

	 	(a)	Each Share, when issued and delivered in accordance with the terms of such Transaction, will be duly authorized and validly issued, fully paid and nonassessable, and
the issuance(s) thereof will not be subject to any preemptive or similar rights. 

  

	 	(b)	Party B has reserved and will keep available, free from preemptive rights, out of its authorized but unissued Shares, solely for the purpose of issuance upon any
settlement of such Transaction as herein provided, the full number of Shares as shall then be issuable upon Physical Settlement of such Transaction. 

  

	 	(c)	Prior to any Settlement Date, the Shares to be delivered by Party B (if any) with respect to that Settlement Date shall have been approved for listing or quotation on
the Exchange, subject to official notice of issuance. 

  

	 	(d)	Party B agrees not to repurchase any Shares if, immediately following such repurchase, the aggregate Base Shares for all Transactions would be equal to or greater than
15% of the number of then-outstanding Shares. 

  

	 	(e)	Party B will not engage in any “distribution” (as defined in Regulation M under the Exchange Act) other than distributions meeting the requirements of the
exceptions set forth in Rule 102(b) or Rule 102(c) of Regulation M under the Exchange Act during any Unwind Period for such Transaction. 

  

	 	(f)	In addition to any other requirements set forth herein, Party B agrees not to elect Cash Settlement or Net Share Settlement in respect of such Transaction if such
settlement would result in a violation of the U.S. federal securities laws or any other federal or state law or regulation applicable to Party B. Party B will not directly or indirectly take any action that would cause any purchase of Shares by
Party A during any Unwind Period to fail to comply with the requirements of Rule 10b5-1 under the Exchange Act. 

  

	 	(g)	Party B will, by the fifth succeeding Exchange Business Day, notify Party A upon obtaining knowledge of the occurrence of any event that would constitute an Event of
Default, a Potential Event of Default or a Potential Adjustment Event. 

  

	 	(h)	The parties acknowledge and agree that any Shares delivered by Party B to Party A on any Settlement Date for such Transaction will be newly issued Shares and, when
delivered by Party A (or an affiliate of Party A) to securities lenders from whom Party A (or an affiliate of Party A) borrowed Shares in connection with hedging its exposure to such Transaction, will be freely saleable without further registration
or other restrictions under the Securities Act in the hands of those securities lenders, irrespective of whether such stock loan is effected by Party A or an affiliate of Party A so long as it was effected to hedge Party A’s exposure with
respect to such Transaction. Accordingly, Party B agrees that the Shares that it delivers to Party A on each Settlement Date for such Transaction shall not bear a restrictive legend and that such Shares will be deposited in, and the delivery thereof
shall be effected through the facilities of, the Clearance System. 

  
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 In addition, Party B covenants to notify Party A in writing (which shall include email) at least ten
Exchange Business Days prior to the ex-dividend or ex date, as applicable, of a distribution, issue or dividend to existing holders of the Shares, which ex-dividend date or ex date occurs at any time from, and including, the date hereof and ends on
the final Settlement Date under this Master Confirmation. 
 Covenants and Representation of Party A: 

 

	 	(a)	Party A shall use any Settlement Shares for any Transaction delivered by Party B to Party A to return to securities lenders to close out borrowings created by Party A
(or an affiliate of Party A) in connection with its hedging activities related to exposure under such Transaction. 

  

	 	(b)	In connection with bids and purchases of Shares in connection with any Cash Settlement or Net Share Settlement of any Transaction, Party A shall comply, or cause
compliance, with the provisions of Rule 10b-18 under the Exchange Act, as if such provisions were applicable to such purchases. 

  

	 	(c)	Party A is an “eligible contract participant” (as such term is defined in Section 1a(12) of the Commodity Exchange Act, as amended) and all Transactions
will be subject to individual negotiation. 

 Acceleration Events: An Acceleration Event shall occur if: 

 

	 	(a)	Stock Borrow Events. Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, if in its commercially reasonable judgment
Party A (or its affiliate) is unable to hedge (or maintain a hedge of) Party A’s exposure to any Transaction (a “Stock Borrow Event”) because (i) of the lack of sufficient Shares being made available for Share borrowing by
lenders or (ii) it (or its affiliate) would incur a stock loan cost of more than 60 basis points per annum, Party A shall have the right to designate any Scheduled Trading Day to be a Settlement Date in respect of such Transaction on at least
three Scheduled Trading Days’ notice, and to select the number of Settlement Shares for such Settlement Date; provided that (x) prior to the effectiveness of the designation of a Stock Borrow Event under this paragraph (a), Party B
may refer Party A to a lending party reasonably acceptable to Party A that will lend Party A (or its affiliate) Shares within such three Scheduled Trading Day period, on terms reasonably acceptable to Party A and at a stock loan cost of no more than
60 basis points per annum and (y) the number of Settlement Shares for any Settlement Date so designated by Party A shall not exceed the number of Shares as to which such inability to, or cost limitation with respect to, borrow exists; or

  

	 	(b)	Dividends and Other Distributions. Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, with respect to any
Transaction, if on any day Party B declares a distribution, issue or dividend to existing holders of the Shares of (i) any cash dividend to the extent that the aggregate amount of all cash dividends having an ex-dividend date during the period
from, and including, any Forward Price Reduction Date for such Transaction to, but excluding, the next subsequent Forward Price Reduction Date for such Transaction (with each of the Trade Date and the Maturity Date for such Transaction being a
Forward Price Reduction Date for such Transaction for purposes of this clause (b) only) exceeds, on a per Share basis, the Forward Price Reduction Amount set forth opposite the first date of such period on Schedule I to the Supplemental
Confirmation for such Transaction or (ii) share capital or securities of another issuer acquired or owned (directly or indirectly) by Party B as a result of a spin-off or other similar transaction which has a record date on or after the
Effective Date for such Transaction and on or prior to the final Settlement Date for such Transaction or (iii) any other type of securities (other than Shares), rights or warrants or other assets, which distribution, issue or dividend has a
record date on or after the Effective Date for such Transaction and on or prior to the final Settlement Date for such Transaction, then Party A shall have the right to designate any Scheduled Trading Day to be a Settlement Date for such Transaction
for the entire Transaction on at least three Scheduled Trading Day’s notice; or 

  

	 	(c)	ISDA Early Termination Date. Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, if Party A has the right to
designate an Early Termination Date with respect to any Transaction pursuant to Section 6 of the Agreement, Party A shall have the right to designate any Scheduled Trading Day to be a Settlement Date for such Transaction for the entire
Transaction on at least three Scheduled Trading Days’ notice; or 

  
 10 

	 	(d)	Board Approval of Merger. Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, with respect to any Transaction, if on
any day occurring on or after the first Trading Day of the Forward Hedge Selling Period for such Transaction the board of directors of Party B votes to approve, or there is a public announcement by Party B of, in either case any action that, if
consummated, would constitute a Merger Event (as defined in the Equity Definitions; provided that the language in such definition after the clause “(a “Reverse Merger”)” shall be deleted and replaced with “, in
each case if the Merger Date is on or before the Maturity Date for any Transaction under this Master Confirmation”), Party B shall notify Party A of any such vote or announcement within three Scheduled Trading Days (and, in the case of any such
vote, Party B also covenants and agrees to publicly announce the occurrence of such vote within three Scheduled Trading Days thereof). Thereafter, Party A shall have the right to designate any Scheduled Trading Day to be a Settlement Date for such
Transaction for the entire Transaction on at least three Scheduled Trading Days’ notice and if a Settlement Date so designated by Party A is to occur prior to the date that is one Settlement Cycle after the last day of the Forward Hedge Selling
Period relating to such Transaction, then the day immediately following the date Party B so notifies Party A shall, for purposes of such Settlement Date so designated by Party A, be deemed to be the Trade Date for such Transaction; Party B hereby
covenants to make a public announcement of each such Merger Event as soon as reasonably practicable; or 

  

	 	(e)	Other Events. Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, with respect to any Transaction, if an Insolvency,
an Insolvency Filing, a Nationalization, a Delisting (as provided further in the next sentence) or a Change in Law (other than as specified in clause (Y) of the definition thereof) occurs, Party A shall have the right to designate any Scheduled
Trading Day to be a Settlement Date for such Transaction for the entire Transaction on at least three Scheduled Trading Days’ notice and Party A shall be the Determining Party. In addition to the provisions of Section 12.6(a)(iii) of the
Equity Definitions, it will also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, NYSE Amex Equities, The NASDAQ Global
Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any such exchange, such exchange shall be deemed to be the Exchange; provided that (i) for
purposes of determining whether an event has occurred that permits Party A to so designate a Settlement Date pursuant to this clause (e), the first day of the Forward Hedge Selling Period relating to such Transaction shall be deemed to be the Trade
Date for such Transaction; and (ii) for purposes of any such Settlement Date so designated by Party A to occur prior to the date that is one Settlement Cycle after the last day of the Forward Hedge Selling Period relating to such Transaction,
the day immediately following the date Party A so notifies Party B of such designation shall be deemed to be the Trade Date for such Transaction. 

 Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, if Party A designates, pursuant to clause (d) or clause (e) above, a Settlement Date with respect
to a Transaction and such Settlement Date is to occur before the date that is one Settlement Cycle after the last day of the Forward Hedge Selling Period for such Transaction, then, for purposes of such Settlement Date, (i) a Supplemental
Confirmation relating to such Transaction shall, notwithstanding the provisions under “Conditions to Effectiveness” above, be deemed to be effective; and (ii) the Forward Price shall be deemed to be the Initial Forward Price
(calculated assuming that the last Trading Day of such Forward Hedge Selling Period occurs on the date that is deemed, pursuant to clause (d) or clause (e) above, as applicable, to be the Trade Date for such Transaction for purposes of
such Settlement Date). 
 Termination Settlement: 
 If a Settlement Date with respect to any Transaction is specified following an Acceleration Event with respect to such Transaction (a “Termination Settlement Date”), Party B will be
deemed to have irrevocably elected that Physical Settlement shall apply to such Transaction with respect to such Termination Settlement Date as set forth above, subject to the provisions described under “Limit on Beneficial Ownership”
below. If, upon designation of a Termination Settlement Date by Party A with respect to any Transaction, Party B fails to deliver the Settlement Shares relating to such Termination Settlement Date when due or otherwise fails to perform its
obligations in connection therewith, it shall be an Event of Default with respect to Party B and 

  
 11 

 
Section 6 of the Agreement shall apply to such Transaction. If an Acceleration Event occurs during an Unwind Period of any Transaction relating to a number of Settlement Shares of such
Transaction to which Cash Settlement or Net Share Settlement applies, then on the Termination Settlement Date of such Transaction relating to such Acceleration Event, notwithstanding any election to the contrary by Party B, Cash Settlement or Net
Share Settlement shall apply to the portion of the Settlement Shares relating to such Unwind Period as to which Party A has unwound its hedge (for avoidance of doubt, such portion of such Settlement Shares to be a number of Settlement Shares with
respect which Party A would be deemed, pursuant to the second paragraph under “Settlement Date” above, to have completely unwound it hedge) and Physical Settlement shall apply in respect of (x) the remainder (if any) of such
Settlement Shares and (y) the Settlement Shares designated by Party A with respect to such Transaction in respect of such Termination Settlement Date. If Party A designates a Termination Settlement Date (other than pursuant to clause
(a) under “Acceleration Events” above), then all Settlement Dates theretofore designated by Party B to occur after such Termination Settlement Date shall instead occur on such Termination Settlement Date and shall, except to the
extent (and only to the extent) provided in the immediately preceding sentence, be subject to Physical Settlement, notwithstanding any election to the contrary by Party B. 
 Certain Changes In Law: 
 Upon the occurrence of any Change In Law specified
in clause (Y) of the definition thereof, Party A and Party B agree to negotiate in good faith for at least 30 calendar days to amend this Master Confirmation to take account of the resulting “materially increased cost” as such phrase
is used in clause (Y) of the definition of “Change In Law.” Such amendment may, if agreed by Party A and Party B, result in a Change In Law specified in clause (Y) of the definition thereof being treated as if it were a Change In
Law specified in clause (X) of the definition thereof, as described in clause (e) under the heading “Acceleration Events” above. If, after negotiating in good faith for at least 30 calendar days to so amend this Master
Confirmation, Party A and Party B do not agree on such an amendment, the relevant Change In Law specified in clause (Y) of the definition thereof shall treated as if it were a Change In Law specified in clause (X) of the definition
thereof, as described in clause (e) under the heading “Acceleration Events” above. 
 Rule 10b5-1: 

It is the intent of Party A and Party B that the purchase of Shares by Party A during any Unwind Period of any Transaction comply with the
requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and that this Master Confirmation and each Supplemental Confirmation be interpreted to comply with the requirements of Rule 10b5-1(c). 

Party B acknowledges that, except as otherwise provided herein, (i) during any Unwind Period of any Transaction, Party B does not
have, and shall not attempt to exercise, any influence over how, when or whether to effect purchases of Shares by Party A (or its agent or affiliate) in connection with this Master Confirmation or the Supplemental Confirmation for such Transaction
and (ii) Party B is entering into the Agreement and this Master Confirmation and will enter into all Supplemental Confirmations in good faith and not as part of a plan or scheme to evade compliance with federal securities laws including,
without limitation, Rule 10b-5 under the Exchange Act. 
 Party B hereby agrees with Party A that during any Unwind Period for
any Transaction, Party B shall not communicate, directly or indirectly, any material non-public information (within the meaning of federal securities laws) to any Equity Personnel (as defined below). For the avoidance of doubt and solely by way of
illustration, information should be presumed “material” if it relates to such matters as dividend increases or decreases, earnings estimates, changes in previously released earnings estimates, significant expansion or curtailment of
operations, a significant increase or decline of orders, significant merger or acquisition proposals or agreements, significant new products or discoveries, extraordinary borrowing, major litigation, liquidity problems, extraordinary management
developments, purchase or sale of substantial assets, or other similar information. For purposes of any Transaction, “Equity Personnel” means any employee in The Bank of New York Mellon Global Markets Equity Derivatives Trading Desk
but does not include Daniel C. de Menocal, Jr. 

  
 12 

 Interpretive Letter: 
 The parties intend for this Master Confirmation and each Supplemental Confirmation to constitute a “Contract” as described in the letter dated October 6, 2003 submitted by Robert W. Reeder
and Leslie N. Silverman to Paula Dubberly of the staff of the Securities and Exchange Commission (the “Staff”), to which the Staff responded in an interpretive letter dated October 9, 2003. 

Restricted Shares: 
 With
respect to any Transaction, if Party B is unable to comply with clause (h) of “Covenants of Party B” above in this Section 3 because of a change in law or a change in interpretation or the policy of the Securities and Exchange
Commission or its staff, or BNYM otherwise determines in its reasonable, good faith opinion based on the advice of outside counsel that any Shares to be delivered to BNYM by Party B may not be freely returned by BNYM to securities lenders as
described in clause (h) of “Covenants of Party B” above in this Section 3, then delivery of any Shares (the “ Restricted Shares “) shall be effected as follows: 

(i) Delivery of Restricted Shares by Party B to BNYM (or its agent or affiliate) (a “ Private Placement Settlement
“) shall be effected in accordance with customary (for issuers of similar size and in the same industry as Party B) private placement procedures with respect to such Restricted Shares reasonably acceptable to BNYM. On the date of such delivery,
Party B shall not have taken, or caused to be taken, any action that would make unavailable either (x) the exemption pursuant to Section 4(2) of the Securities Act for the sale or deemed sale by Party B to BNYM (or any agent or affiliate
designated by BNYM) of the Restricted Shares or (y) the exemption pursuant to Section 4(1) or Section 4(3) of the Securities Act for resales of the Restricted Shares by BNYM (or any such agent or affiliate of BNYM). The Private
Placement Settlement of such Restricted Shares shall include customary (for issuers of similar size and in the same industry as Party B) representations, covenants, blue sky and other governmental filings and/or registrations, indemnities to BNYM
(and/or any such agent or affiliate of BNYM), due diligence rights (for BNYM or any such agent or affiliate of BNYM or any buyer of the Restricted Shares designated by BNYM or any such agent or affiliate of BNYM), opinions and certificates, and such
other documentation as is customary (for issuers of similar size and in the same industry as Party B) for private placement agreements, all reasonably acceptable to BNYM (or any such agent or affiliate of BNYM). In the case of a Private Placement
Settlement, BNYM shall, in its good faith discretion, adjust the number of Restricted Shares to be delivered to BNYM hereunder in a commercially reasonable manner to reflect the fact that such Restricted Shares may not be freely returned to
securities lenders by BNYM (or its agent or affiliate) and may only be saleable by BNYM (or its agent or affiliate) at a discount to reflect the lack of liquidity in Restricted Shares. Notwithstanding anything in the Agreement, this Master
Confirmation, or any Supplemental Confirmation to the contrary, the date of delivery of such Restricted Shares shall be the Scheduled Trading Day following notice by BNYM to Party B of the number of Restricted Shares to be delivered pursuant to this
clause (i). 
 (ii) If Party B delivers any Restricted Shares in respect of the Transaction, Party B agrees that
(A) such Shares may be transferred freely among BNYM and its agents and/or affiliates and (B) after the minimum “holding period” within the meaning of Rule 144(d) under the Securities Act has elapsed, Party B shall promptly
remove, or cause the transfer agent for the Shares to remove, any legends referring to any transfer restrictions from such Shares upon delivery by BNYM (or such agent or affiliate of BNYM) to Party B or such transfer agent of seller’s and
broker’s representation letters customarily delivered by BNYM or its affiliates in connection with resales of restricted securities pursuant to Rule 144 under the Securities Act, each without any further requirement for the delivery of any
certificate, consent, agreement, opinion of counsel, notice or any other document, any transfer tax stamps or payment of any other amount or any other action by BNYM (or such agent or affiliate of BNYM). 

  
 13 

 Maximum Share Delivery: 
 Notwithstanding any other provision of this Master Confirmation, in no event will Party B be required to deliver on any Settlement Date of any Transaction, whether pursuant to Physical Settlement, Net
Share Settlement, Termination Settlement or otherwise, more than the number of Base Shares of such Transaction to Party A, subject to reduction by the aggregate number of Shares delivered by Party B in respect of such Transaction on all prior
Settlement Dates of such Transaction. 
 Assignment: 
 Party A may assign or transfer any of its rights or delegate any of its duties under this Master Confirmation and any Supplemental Confirmation relating to a Transaction to any affiliate of Party A
without the prior written consent of Party B, so long as the senior unsecured debt rating (“Credit Rating”) of such affiliate (or any guarantor of its obligations under such Transaction) is equal to or greater than the Credit Rating
of Party A, as specified by Standard and Poor’s Rating Services or Moody’s Investor Service, Inc., at the time of such assignment or transfer. In connection with any assignment or transfer pursuant to the immediately preceding sentence,
the guarantee of any guarantor of the relevant transferee’s obligation shall constitute a Credit Support Document under the Agreement. If Party A so assigns or transfers any of its rights or delegates any of its duties under this Master
Confirmation and any Supplemental Confirmation relating to a Transaction, as the case may be, Party A shall give prompt written notice to Party B of such assignment, transfer or delegation, as applicable. 

Notwithstanding anything to the contrary herein, in the Agreement or in the Equity Definitions, (i) Party A may designate any of its
affiliates to purchase or receive such Shares or otherwise to perform Party A’s obligations in respect of any Transaction and any such designee may assume such obligations, and Party A shall be discharged of its obligations to Party B only to
the extent of any such performance; and (ii) to the extent Physical Settlement applies to any portion of a Transaction (or Net Share Settlement applies to any portion of a Transaction and Party B would be obligated to deliver any Shares to
Party A in connection therewith), such Transaction shall, effective three Business Days prior to the applicable Settlement Date, be deemed to be automatically assigned by Party A to BNY Mellon Capital Markets, LLC (“BNYMCM”) or any
of Party A’s other broker-dealer affiliates selected by Party A, and delivery of the Shares shall be made to an account of BNYMCM to be advised. 
 Indemnity: 
 Party B agrees to indemnify Party A and its affiliates and
their respective directors, officers, agents and controlling parties (Party A and each such affiliate or person being an “Indemnified Party”) from and against any and all losses, claims, damages and liabilities, joint or several,
incurred by or asserted against such Indemnified Party arising out of, in connection with, or relating to, any breach of any covenant or representation made by Party B in this Master Confirmation, any Supplemental Confirmation or the Agreement
(including, without limitation, losses, claims, damages and liabilities incurred by Party A in connection with the failure of a Supplemental Confirmation to become effective pursuant to the provisions set forth under the heading “Conditions to
Effectiveness” above on account of any breach of the representations and covenants of Party B set forth thereunder as conditions precedent to such effectiveness). In addition, Party B will reimburse any Indemnified Party for all reasonable
expenses (including reasonable legal fees and reasonable expenses) in connection with the investigation of, preparation for, or defense of any pending or threatened claim or any action or proceeding arising therefrom (whether or not such Indemnified
Party is a party thereto) at the time, and only to the extent, that the relevant loss, claim, damage, liability or expense is found in a final and nonappealable judgment by a court of competent jurisdiction to have resulted from a breach of a
covenant or representation made by Party B in this Master Confirmation, any Supplemental Confirmation or the Agreement. For the avoidance of doubt, Party B will not be liable under this “Indemnity” paragraph to the extent that any loss,
claim, damage, liability or expense is found in a final and nonappealable judgment by a court of competent jurisdiction to have resulted from Party A’s gross negligence, fraud, bad faith and/or willful misconduct or a breach of any
representation or covenant of Party A contained in this Master Confirmation, any Supplemental Confirmation or the Agreement. 

  
 14 

 Miscellaneous: 
  

			
	Non-Reliance:	  	Applicable
	Additional Acknowledgements:	  	Applicable
	 Agreements and Acknowledgments Regarding
	  	
	 Hedging Activities:
	  	Applicable

 Without limiting the generality of Sections 13.1 and 13.4 of the Equity Definitions, Party B acknowledges that Party A is
not making any representations or warranties with respect to the treatment of any Transaction under any accounting rules, policies, guidelines, principles or statements, including, without limitation, Topic 815 of the FASB Accounting Standards
Codification. 
 4. The Agreement is further supplemented by the following provisions: 
 Agreement Regarding Set-off and Collateral: 
 Notwithstanding
Section 6(f) or any other provision of the Agreement or any other agreement between the parties to the contrary, the obligations of Party B under this Master Confirmation and any Supplemental Confirmation are not secured by any collateral.
Obligations under any Transaction shall not be set off against any other obligations of the parties, whether arising under the Agreement, this Master Confirmation, any Supplemental Confirmation or any other agreement between the parties hereto, by
operation of law or otherwise, and no other obligations of the parties shall be set off against obligations under such Transaction, whether arising under the Agreement, this Master Confirmation, any Supplemental Confirmation or any other agreement
between the parties hereto, by operation of law or otherwise, and each party hereby waives any such right of setoff. In calculating any amounts under Section 6(e) of the Agreement, notwithstanding anything to the contrary in the Agreement,
(a) separate amounts shall be calculated as set forth in such Section 6(e) with respect to (i) any Transaction and (ii) all other Transactions, and (b) such separate amounts shall be payable pursuant to Section 6(d)(ii)
of the Agreement. 
 Status of Claims in Bankruptcy: 
 Party A acknowledges and agrees that neither this Master Confirmation nor any Supplemental Confirmation is intended to convey to Party A rights with respect to the transactions contemplated hereby or by
any Supplemental Confirmation that are senior to the claims of common stockholders in any U.S. bankruptcy proceedings of Party B; provided, however, that nothing herein or in any Supplemental Confirmation shall limit or shall be deemed
to limit Party A’s right to pursue remedies in the event of a breach by Party B of its obligations and agreements with respect to this Master Confirmation, any Supplemental Confirmation or the Agreement; and provided further, that
nothing herein or in any Supplemental Confirmation shall limit or shall be deemed to limit Party A’s rights in respect of any transaction other than the Transactions. 
 Limit on Beneficial Ownership: 
 With respect to any Transaction,
notwithstanding any other provisions in the Agreement, herein or in the Supplemental Confirmation for such Transaction, Party A shall not be entitled to receive Shares or any other class of voting securities of Party B (whether in connection with
the purchase of Shares on any Settlement Date for such Transaction or any Termination Settlement Date for such Transaction or otherwise) to the extent (but only to the extent) that such receipt would result in Party A and each person subject to
aggregation of Shares or other voting securities with Party A under Section 13 or Section 16 of the Exchange Act and the rules promulgated thereunder (the “Party A Group”) directly or indirectly beneficially owning (as
such term is defined for purposes of Section 13(d) of the Exchange Act) at any time in excess of 4.0% of the outstanding Shares or any other class of voting securities of Party B. Any purported delivery under any Transaction shall be void and
have no effect to the extent (but only to the extent) that such delivery would result in the Party A Group directly or indirectly so beneficially owning in excess of 4.0% of the outstanding Shares or any other class of voting securities of Party B.
If any delivery owed to Party A under any Transaction is not made, in whole or in part, as a result of this provision, Party B’s obligation to make such delivery shall not be extinguished and Party B shall make such delivery as promptly as
practicable after, but in no event later than one Clearance System Business Day after, Party A gives notice to Party B that such delivery would not result in 

  
 15 

 
the Party A Group directly or indirectly so beneficially owning in excess of 4.0% of the outstanding Shares or any other class of voting securities of Party B. If Net Share Settlement in respect
of any Transaction would result in the Party A Group beneficially owning more than 4.0% of the outstanding Shares in connection with closing out its hedge position, Party A shall be allowed to partially settle such Transaction based on its purchase
of that amount of Shares, and then to purchase the amount or amounts of additional Shares necessary to settle the remainder of such Transaction, and to make the associated deliveries at such times as determined by the Calculation Agent. 

Severability: 
 If any
term, provision, covenant or condition in this Master Confirmation or any Supplemental Confirmation, or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable in whole or in part for any reason, the
remaining terms, provisions, covenants, and conditions hereof or thereof shall continue in full force and effect as if this Master Confirmation and such Supplemental Confirmation had been executed with the invalid or unenforceable provision
eliminated, so long as this Master Confirmation and such Supplemental Confirmation as so modified continue to express, without material change, the original intentions of the parties as to the subject matter of this Master Confirmation and such
Supplemental Confirmation and the deletion of such portion of this Master Confirmation and such Supplemental Confirmation will not substantially impair the respective benefits or expectations of parties to this Master Confirmation and such
Supplemental Confirmation; provided, however, that this severability provision shall not be applicable if any provision of Section 2, 5, 6 or 13 of the Agreement (or any definition or provision in Section 14 to the extent that it
relates to, or is used in or in connection with any such Section) shall be so held to be invalid or unenforceable. 
 Miscellaneous:

  

	 	(a)	Addresses for Notices. For the purpose of Section 12(a) of the Agreement: 

Address for notices or communications to Party A: 

 

			
	Address:	    	The Bank of New York Mellon
		    	Global Risk Management Services
		    	Global Markets Division
		    	32 Old Slip, 15th Floor
		    	New York, New York 10286
	Attention:	    	Art Condodina
	Telephone No.:	    	212-804-4891
	Facsimile No.:	    	212-495-1015

 With respect to any notice sent to Party A under Sections 5, 6 or 13(c) of the Agreement, a copy shall
also be sent to: 
  

			
	Address:	    	The Bank of New York Mellon
		    	One Wall Street
		    	13th Floor
		    	New York, New York 10286
	Attention:	    	Legal Department (Global Markets)
	Telephone No.:	    	212-635-1095
	Facsimile No.:	    	212-635-1958

 And with a copy to: 
  

			
	Address:	    	Hunton & Williams LLP
		    	200 Park Avenue
		    	New York, New York 10166
	Attention:	    	Peter K. O’Brien
	Facsimile No.:	    	212.309.1864

  
 16 

 Address for notices or communications to Party B: 

 

			
	Address:	    	Westar Energy, Inc.
		    	818 South Kansas Avenue,
		    	Topeka, Kansas 66612
	Attention:	    	General Counsel
	Telephone No.:	    	785-575-1625
	Facsimile No.:	    	785-575-8136

 With a copy to: 
  

			
	Address:	    	Davis Polk & Wardwell, LLP
		    	1600 El Camino Real
		    	Menlo Park, CA 94025
	Attention:	    	Daniel G. Kelly, Jr.
	Telephone No.:	    	650-752-2001
	Facsimile No.:	    	650-752-3601

 Party B payment instructions: 

To Be Advised. 
  

	 	(b)	Waiver of Right to Trial by Jury. Each party waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect of
any suit, action or proceeding relating to this Master Confirmation, any Supplemental Confirmation or the Agreement. Each party (i) certifies that no representative, agent or attorney of the other party has represented, expressly or
otherwise, that such other party would not, in the event of such a suit action or proceeding, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other party have been induced to enter into this Master Confirmation and,
from time to time, any Supplemental Confirmation by, among other things, the mutual waivers and certifications in this Section. 

  

	 	(c)	Binding Contract. (i) This Master Confirmation, and upon execution of any Supplemental Confirmation, this Master Confirmation together with such
Supplemental Confirmation, is a “qualified financial contract,” as such term is defined in Section 5-701(b)(2) of the General Obligations Law of New York (the “General Obligations Law”); (ii) such Supplemental
Confirmation constitutes a “confirmation in writing sufficient to indicate that a contract has been made between the parties” hereto, as set forth in Section 5-701(b)(3)(b) of the General Obligations Law; and (iii) this Master
Confirmation constitutes a prior “written contract” as set forth in Section 5-701(b)(1)(b) of the General Obligations Law, and each party hereto intends and agrees to be bound by this Master Confirmation, and upon execution of such
Supplemental Confirmation, this Master Confirmation together with such Supplemental Confirmation. The parties hereto further agree and acknowledge that this Master Confirmation, and upon execution of any Supplemental Confirmation, this Master
Confirmation together with such Supplemental Confirmation, constitutes a contract “for the sale or purchase of a security,” as set forth in Section 8-113 of the Uniform Commercial Code of New York. 

  
 17 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by signing and returning
this Master Confirmation. 
  

			
	 Yours faithfully,
  

THE BANK OF NEW YORK MELLON

		
	By:	 	/s/ James McAuliffe
		 	 Name: James McAuliffe

Title: Managing Director

  

			
	 Confirmed as of the date first written above:

 
 WESTAR ENERGY, INC.

		
	By:	 	/s/ Anthony D. Somma
		 	 Name: Anthony D. Somma

Title: Sr. Vice President

          Chief Financial Officer
           & Treasurer

 EXHIBIT A 
 [Insert Date] 
 Supplemental Confirmation for Forward Stock Sale Transaction

  

	To:	Westar Energy, Inc. 

 818 South
Kansas Avenue, 
 Topeka, Kansas 66612 
  

	From:	The Bank of New York Mellon 

	    	One Wall Street 

	    	New York, New York 10286 

 Fax:
212-635-6536 
 Dear Sir/Madam: 
 The
Bank of New York Mellon (“Party A” or “BNY”) and Westar Energy, Inc. (“Party B”) are parties to the Master Confirmation for Forward Stock Sale Transactions dated March 21, 2013 (the
“Master Confirmation”) pursuant to which Party A and Party B have entered into a Transaction with the terms and conditions set forth therein and herein. This Supplemental Confirmation, together with the Master Confirmation, shall
constitute a “Confirmation” for purposes of the Agreement. In the event of any inconsistency between the Master Confirmation and this Supplemental Confirmation, the Master Confirmation shall govern to the extent of such inconsistency.
Capitalized terms used but not defined herein shall have the respective meanings assigned to them in the Master Confirmation. 
 The terms of
the Transaction to which this Supplemental Confirmation relates are as follows: 
  

			
	Trade Date:	  	[     ]
		
	Effective Date:	  	[     ]
		
	Base Shares:	  	[     ] Shares
		
	Maturity Date:	  	[     ]
		
	[Number of Forward Hedge Shares Sold on 1st Trading Day of the Forward Hedge Selling Period:	  	[     ]
		
	Number of Forward Hedge Shares Sold on 2nd Trading Day of the Forward Hedge Selling Period:	  	[     ]
		
	Number of Forward Hedge Shares Sold on 3rd Trading Day of the Forward Hedge Selling Period:	  	[     ]
		
	Number of Forward Hedge Shares Sold on [20th] Trading Day of the Forward Hedge Selling Period:	  	[     ]]1
		
	[Aggregate Sales Price of Forward Hedge Shares Sold on 1st Trading Day of the Forward Hedge Selling Period:	  	[     ]
		
	Aggregate Sales Price of Forward Hedge Shares Sold on 2nd Trading Day of the Forward Hedge Selling Period:	  	[     ]
		
	Aggregate Sales Price of Forward Hedge Shares Sold on 3rd Trading Day of the Forward Hedge Selling Period:	  	[     ]
		
	Aggregate Sales Price of Forward Hedge Shares Sold on [20th] Trading Day of the Forward Hedge Selling Period:	  	[     ]]2
		
	Initial Forward Price:	  	USD[     ]

  

	1 	Number of entries should correspond to the number of Trading Days in the Forward Hedge Selling Period. 

	2 	Number of entries should correspond to the number of Trading Days in the Forward Hedge Selling Period. 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by signing and returning
this Supplemental Confirmation. 
  

			
	 Yours faithfully,

 
 THE BANK OF NEW YORK MELLON

		
	By:	 	 
		 	 Name:

Title:

  

			
	 Confirmed as of the date first written above:

 
 WESTAR ENERGY, INC.

		
	By:	 	 
		 	 Name:

Title:

 EXHIBIT B 
 The Settlement Commission is equal to USD [    ] per Share. 

 SCHEDULE I 

 

			
	 Forward Price Reduction Date
	  	Forward Price Reduction 
Amount3
	Trade Date	  	USD 0.00
	[ ]	  	USD [ ]
	[ ]	  	USD [ ]
	[ ]	  	USD [ ]
	[ ]	  	USD [ ]
	Maturity Date	  	USD 0.00
	Thereafter	  	USD 0.00

  

	3 	This table to be filled out from the corresponding table in the Transaction Notice relating to the applicable Supplemental Confirmation.Exhibit 4.4

 Exhibit 4.4 
 EXECUTION COPY 
 AMENDED AND RESTATED ILLIQUID ASSETS BACK-UP 

FACILITY AGREEMENT 
 13 NOVEMBER 2012 
 Between 

ING GROEP N.V. 

and 
 ING
BANK N.V. 
 and 
 STAAT DER NEDERLANDEN 

  
 1 

 CONTENTS 

 

									
	Clause	 	 	 	 	  	Page	 
			
	 1.
	 	 Interpretation
	  	 	3	  
	 2.
	 	 Conditions Precedent
	  	 	13	  
	 3.
	 	 Designated Securities Pool
	  	 	13	  
	 4.
	 	 Payments by the State
	  	 	15	  
	 5.
	 	 Payments by ING Bank
	  	 	21	  
	 6.
	 	 Security
	  	 	25	  
	 7.
	 	 Reporting and Information
	  	 	25	  
	 8.
	 	 Payments
	  	 	26	  
	 9.
	 	 Representations and Warranties
	  	 	28	  
	 10.
	 	 Covenants
	  	 	31	  
	 11.
	 	 Governance
	  	 	32	  
	 12.
	 	 Default
	  	 	33	  
	 13.
	 	 Conditions to Payment
	  	 	36	  
	 14.
	 	 Set-Off and Suspension Rights
	  	 	36	  
	 15.
	 	 Funding Benefit Compensation
	  	 	37	  
	 16.
	 	 Evidence
	  	 	39	  
	 17.
	 	 Indemnities
	  	 	39	  
	 18.
	 	 Expenses
	  	 	40	  
	 19.
	 	 Amendments and Waivers
	  	 	41	  
	 20.
	 	 Changes to the Parties
	  	 	41	  
	 21.
	 	 Counterparts
	  	 	41	  
	 22.
	 	 Notices
	  	 	41	  
	 23.
	 	 Language
	  	 	42	  
	 24.
	 	 Waiver
	  	 	43	  
	 25.
	 	 Governing Law
	  	 	43	  
	 26.
	 	 Enforcement
	  	 	43	  
				
	Schedule	 	 	 	 	  	 	 
			
	 1.
	 	 Conditions Precedent Documents in respect of the Amendment
	  	 	44	  
	 2.
	 	 Description of Securities
	  	 	45	  
	 3.
	 	 Fixed Rate Minimum and Maximum Guaranteed Values
	  	 	108	  
	 4.
	 	 Floating Rate Minimum and Maximum Guaranteed Values
	  	 	119	  
	 5.
	 	 Terms and Conditions of the Bonds
	  	 	130	  
	 6.
	 	 Overview of Final Maturity Dates and Principal Amounts of each Series of Bonds
	  	 	140	  
		 	 Part 1
	 	 Original IABF Fixed Rate Bonds and Further Issue IABF Fixed Rate Bonds
	  	 	140	  
		 	 Part 2
	 	 Original IABF Floating Rate Bonds and Further Issue IABF Floating Rate Bonds
	  	 	141	  
	 7.
	 	 Conditions to Operational Changes
	  	 	142	  
	 8.
	 	 Calculation of Excess Funding Benefit Amount as Set Out in Clause 15.1(b)
	  	 	144	  
		
	 Signatories
	  	 	146	  

  
 2 

 THIS AMENDED AND RESTATED ILLIQUID ASSETS BACK UP FACILITY AGREEMENT, originally entered into in seven
separate agreements on 31 March 2009, each as amended on 26 November 2010, and in the case of the illiquid assets back-up facility agreement with respect to ING Bank, fsb, as further amended and restated on 17 February 2012, is
dated 13 November 2012 and is made 
 BETWEEN: 
  

	(1)	ING GROEP N.V., a company organised under the laws of the Netherlands, whose corporate seat is at Amsterdam (ING Groep); 

 

	(2)	ING BANK N.V., a company organised under the laws of the Netherlands, whose corporate seat is at Amsterdam (ING Bank); and 

 

	(3)	STAAT DER NEDERLANDEN (the State). 

WHEREAS: 
  

	(A)	One of the purposes for the amendments and restatements in this Agreement is to lay down the provisions of the Facilities Agreements in one agreement.

  

	(B)	The Parties furthermore intend to incorporate in this Agreement the separate payment obligations of the parties under the payment agreement between ING Groep and the
State, dated 24 October 2009, as amended on 26 November 2010, and 16 February 2012 (the Payment Agreement). 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement:

 2012 Deed of Disclosed Pledge means the Dutch law governed disclosed deed of pledge over the Pledged Assets dated on or
prior to the Universal Completion Date granted by ING Bank in favour of the State. 
 Acceleration Event has the meaning
given thereto in Clause 12.3 (Acceleration). 
 Account Control Agreements means: 

 

	 	(a)	the account control agreement between the Bank of New York Mellon, ING Bank and the State dated 16 February 2012; and 

 

	 	(b)	the account control agreement between the Bank of New York Mellon, ING Bank and the State to be dated on or around the Universal Completion Date. 

Aggregate Guaranteed Value means, as of the Cut-off Date, USD 27,848,868,747, which shall be reduced by (a) the aggregate amount
of all State Instalment Amounts and (b) prepayments paid by the State, and (c) the aggregate of the Principal Amount Outstanding Registered Bonds and (d) the aggregate of amounts not paid when due by ING Bank pursuant to Clause
5.1(d). 
 Amended and Restated Agency Agreement means the amended and restated agency agreement to be dated on or about the
Universal Completion Date between the State and Citibank, N.A., London branch in respect of the Registered Bonds which amends and restates an agency agreement dated 16 February 2012 between the parties. 

  
 3 

 Amendments Effective Time has the meaning given thereto in Clause 2 (Conditions
Precedent). 
 Asset Documentation means, with respect to any Security, the indenture, trust agreement, fiscal agency
agreement or other instrument under which such Security was issued, and all guaranties, security agreements, waivers, amendments, modifications, supplements, forbearances, intercreditor agreements, subordination agreements and all other agreements,
documents or instruments executed and delivered in connection therewith. 
 Break Costs means, with respect to a Prepayment
Amount, the sum of all the Lost Funding Fee Amounts in relation to such Prepayment Amount, in each case discounted back to the relevant Prepayment Date using the relevant discount factor derived from the US Treasury interest rates prevalent in the
market on the Prepayment Date, and using market-standard interest rate interpolation and discount factor calculation techniques. 

Business Day means a day that is a New York Business Day and a Dutch Business Day. 

Calculation Day has the meaning attributed thereto in Clause 4.3(b). 

Closing Date means 31 March 2009. 
 Completion Date means 17 February 2012. 
 Corresponding US Co
Securities means for each set of Securities having the same CUSIP number, a set of US Co Securities having the same CUSIP number as that set of Securities, provided that the relevant set of US Co Securities is not larger than or equal to 25% of
the corresponding set of Securities. 
 Current Par Value of a Security means, on any date, the principal amount, par value
or stated or nominal amount of such Security as of its date of issuance multiplied by the current relevant bond factor, published by Bloomberg and as calculated by the relevant custodian holding the Security, as applicable to such Security at such
date. 
 Custody Agreement means the custody agreement between ING Bank and Bank of New York Mellon dated 16 January
2012. 
 Cut-off Date means 26 January 2009. 
 Day Count Fraction means (a) with respect to Clause 4.3(c)(i) (Funding Fee), on the basis of a 360-day year consisting of twelve (12) 30-day months, (b) with respect to the Interest
Amount or payments due pursuant to Clause 8.3 (Interest on overdue amounts), on the basis of a 360-day year and the actual number of days elapsed in the period with respect to which the payment is being made, and (c) with respect to Clause
4.3(c)(ii) (Funding Fee), on the basis of a 360-day year and the actual number of days elapsed in the period with respect to which the payment is being made. 
 Default means: 
  

	 	(a)	an Event of Default; or 

  

	 	(b)	a Potential Event of Default. 

Description of Securities means the description of certain features of the Securities attached hereto as Schedule 2 (Description of
Securities). 
 Designated Securities Pool means all Securities collectively. 

Disruption Event means: 

  
 4 

	 	(a)	a material disruption to the payment or communications systems or to the financial markets which are required to operate in order for payments to be made (or other
transactions to be carried out) in connection with the transactions contemplated by this Agreement, which is not caused by, and is beyond the control of, ING Bank; or 

 

	 	(b)	the occurrence of any other event which results in a disruption (of a technical or systems-related nature) to the treasury or payments operations of any ING Party
preventing it from performing its payment obligations under this Agreement and which is not caused by, and is beyond the control of, any ING Party. 

 Divestment means, in respect of a Security, any sale, assignment, or transfer of such Security pursuant to Clause 3.3 (Divestments). 

Dutch Business Day means a day (other than a Saturday or a Sunday) on which banks are open for general business in Amsterdam.

 Effective Federal Funds Rate means for any date, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates set by the Federal Reserve Bank of New York on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding New York Business Day in the Wall
Street Journal (Eastern Edition), or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the
Parties from three federal funds brokers of recognized standing selected by the Parties. For a day that is not a New York Business Day, the Effective Federal Funds Rate shall be the rate applicable to federal funds transactions on the immediately
preceding day for which such rate is reported. 
 Encumbrance means any lien, pledge, charge, claim, encumbrance, security
interest, participation interest, option, mortgage, easement, or other restriction or third party right of any kind other than Permitted Encumbrances. 
 Event of Default means an event or circumstance specified as such in Clause 12.1 (Events of Default). 
 Facility Agreement means an illiquid asset back-up facility agreement between, amongst others, ING Support Holding B.V. and the State with respect to a US Company, dated 31 March 2009, as amended
on 26 November 2010, and, in the case of the illiquid assets back-up facility agreement with respect to ING Bank, fsb, as transferred by a transfer of contractual relationship from ING Support Holding to ING Bank N.V. on 17 February 2012,
after which it was further amended and restated on that same date (but, for the avoidance of doubt, not as amended on or about the date of this Agreement), and the Facility Agreements means collectively all the Facility Agreements.

 Fair Market Value is the value determined in accordance with Clause 12.4 (Determination and payment of the Fair Market
Value). 
 Final ING Payment Date means the date that falls ten (10) Business Days after the earliest to occur of
(a) all outstanding amounts due and payable in respect of the Securities are received from the Obligors, (b) ING Bank having no further claim against the Obligors in respect of the Securities and (c) all of the Securities shall have
been divested pursuant to Clause 3.3 (Divestments). 
 Final Maturity Date means the final maturity date of a Registered
Bond. 
 Financing Arrangement means an arrangement as described in Clause 4.6(f). 

  
 5 

 Financial Guarantee means the financial guarantee agreement between the State and ING
Groep dated 17 February 2012. 
 Fixed Rate Day Count Fraction means 30/360. 

Fixed Rate Securities means the Securities carrying a fixed interest rate on the Cut-off Date, as referred to in Schedule 2
(Description of Securities). 
 Fixed Rate Securities Guaranteed Value means, on any day, the Aggregate Guaranteed Value
without taking into account any of the reductions under and including (a) up to and including (d) in such definition of Aggregate Guaranteed Value relating to the Fixed Rate Securities at the Cut-off Date minus (a) the portion of each
State Instalment Amount and each Prepayment Amount paid by the State pursuant to Clause 4.1 (Payment of Aggregate Guaranteed Value) or Clause 4.2 (Prepayment and Break Costs) and allocated to the Fixed Rate Securities Guaranteed Value pursuant to
Clause 4.1(c) or Clause 4.2(d), as the case may be, up to (but excluding) such date, and (b) the aggregate Principal Amount Outstanding of the IABF Fixed Rate Bonds at such date and (c) the aggregate of amounts not paid when due by ING
Bank pursuant to Clause 5.1(d), in respect of IABF Fixed Rate Bonds that have matured. 
 Floating Rate Day Count Fraction
means actual/360 (ICMA). 
 Floating Rate Securities means each Security carrying a floating interest rate on the Cut-off
Date as referred to in Schedule 2 (Description of Securities). 
 Floating Rate Securities Guaranteed Value means, on any
day, the Aggregate Guaranteed Value without taking into account any of the reductions under and including items (a) up to and including (d) in such definition of Aggregate Guaranteed Value relating to the Floating Rate Securities at the
Cut-off Date minus (a) the portion of each State Instalment Amount and each Prepayment Amount paid by the State pursuant to Clause 4.1 (Payment of Aggregate Guaranteed Value) or Clause 4.2 (Prepayment and Break Costs) and allocated to the
Floating Rate Securities Guaranteed Value pursuant to Clause 4.1(d) or Clause 4.2(d), as the case may be, up to (but excluding) such date, and (b) the aggregate Principal Amount Outstanding of the IABF Floating Rate Bonds at such date and
(c) the aggregate of amounts not paid when due by ING Bank pursuant to Clause 5.1(d) in respect of IABF Floating Rate Bonds that have matured. 
 Funding Fee has the meaning given thereto in Clause 4.3 (Funding Fee). 

Funding Fee Calculation has the meaning given thereto in Clause 4.9. 

Funding Fee Calculation Agent has the meaning given thereto in Clause 4.9. 

Further Issue IABF Fixed Rate Bonds has the meaning attributed thereto in Clause 4.6(c). 

Further Issue IABF Floating Rate Bonds has the meaning attributed thereto in Clause 4.6(c). 

Further Issue Registered Bonds means the Further Issue IABF Fixed Rate Bonds and the Further Issue IABF Floating Rate Bonds.

 GAAP means generally accepted accounting principles in the jurisdiction of incorporation of ING Bank including IFRS.

 Group means ING Groep and its Subsidiaries. 

  
 6 

 Guarantee Agreement means the financial guarantee agreement between the State and ING
Groep, dated 17 February 2012 (originally named Financial Guarantee), as amended and restated on or about the Universal Completion Date. 
 Guarantee Fee has the meaning given thereto in Clause 5.2 (Guarantee Fees). 

IABF Agreement means this Agreement. 
 IABF Fixed Rate Bonds means the Original IABF Fixed Rate Bonds and the Further Issue IABF Fixed Rate Bonds. 
 IABF Floating Rate Bonds means the Original IABF Floating Rate Bonds and the Further Issue IABF Floating Rate Bonds. 
 IFRS means international accounting standards within the meaning of the IAS Regulation 1606/2002. 
 IFRS Fair Market Value means the fair market value of the Securities on any date, as determined in accordance with Clause 12.4 using the IAS 39R Available for Sale Securities valuation methodology.

 ING Calculation Period means, in respect of an ING Payment Date, the calendar month immediately preceding such ING Payment
Date, provided that the first ING Calculation Period commences on and includes the Cut-off Date and ends on but excludes the last day of the calendar month that precedes the first ING Payment Date. 

ING Party means each of ING Bank and ING Groep. 
 ING Payment Announcement Date means the date one Business Day prior to the State Instalment Announcement Date. 
 ING Payment Date means, 15 April 2009, being the first Business Day falling after the first State Instalment Announcement Date under this Agreement, and thereafter, the first Business Day falling
after each subsequent State Instalment Announcement Date. 
 ING Support Holding means ING Support Holding B.V. 

Interest Amount means, on any given date, the product of (a) the State Entitlement as at 5.00 p.m. in respect of the relevant
day; (b) the Effective Federal Funds Rate for such day and (c) the Day Count Fraction. 
 London Banking Day means
a day (other than a Saturday or Sunday) on which banks are open for general business in London. 
 Lost Funding Fee Amount
means, in relation to a Prepayment Amount and a future State Payment Date, the product of: 
  

	 	(a)	the Rate Differential in relation to the Prepayment Amount for such State Payment Date; 

 

	 	(b)	the Outstanding Prepayment Amount for such State Payment Date; and 

  

	 	(c)	(i) in the case of a Prepayment Amount in relation to the Fixed Rate Securities Guaranteed Value, one twelfth (1/12); and (ii) in the case of a Prepayment
Amount in relation to the Floating Rate Securities Guaranteed Value, the number of days from (and including) the State Payment Date immediately prior to such State Payment Date to (but excluding) such State Payment Date divided by 360.

  
 7 

 Management Fee has the meaning given thereto in Clause 4.4 (Management Fee). 

Material Adverse Effect means a material adverse effect on: 

 

	 	(a)	the ability of an ING Party to perform its obligations under any Transaction Document or to consummate the transactions contemplated thereby; 

 

	 	(b)	the validity or enforceability of any Transaction Document; or 

  

	 	(c)	any right or remedy of the State in respect of a Transaction Document. 

 Maximum Remaining Fixed Rate Guaranteed Value means, on any State Payment Date in respect of the Fixed Securities Guaranteed Value, the maximum amount indicated in Schedule 3 as applying to such State
Payment Date (Fixed Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then outstanding IABF Fixed Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Fixed
Rate Bonds that have matured. 
 Maximum Remaining Floating Rate Guaranteed Value means, on any State Payment Date in respect
of the Floating Rate Securities Guaranteed Value, the maximum amount indicated in Schedule 4 as applying to such State Payment Date (Floating Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then
outstanding IABF Floating Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Floating Rate Bonds that have matured. 
 Minimum Remaining Fixed Rate Guaranteed Value means, on any State Payment Date in respect of the Fixed Securities Guaranteed Value, the minimum amount indicated in Schedule 3 as applying to such State
Payment Date (Fixed Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then outstanding IABF Fixed Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Fixed
Rate Bonds that have matured. 
 Minimum Remaining Floating Rate Guaranteed Value means, on any State Payment Date in respect
of the Floating Rate Securities Guaranteed Value, the minimum amount indicated in Schedule 4 as applying to such State Payment Date (Floating Rate Minimum and Maximum Guaranteed Values) minus the sum of (a) the amount of the then
outstanding IABF Floating Rate Bonds and (b) the aggregate unpaid amounts under Clause 5.1(d) in respect of IABF Floating Rate Bonds that have matured. 
 New York Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business in New York. 
 Obligor means, in respect of a Security, the issuer of such Security as well as any other parties referred to in Schedule 2 (Description of Securities) in respect of such Security and other parties
who have any payment obligations towards the holder of such Securities under the Asset Documentation. For the avoidance of doubt the term Obligor shall not include any hedging or (re)insurance except to the extent such (re)insurance benefits all
holders of any such security counterparties of an ING Party. 
 Operating Committee has the meaning given thereto in Clause
3.2. 
 Original IABF Fixed Rate Bonds means the registered Dutch State Fixed Rate Notes issued by the State on
21 February 2012 and initially evidenced by the global note certificates substantially in the form set out in Schedule 2 to the Amended and Restated Agency Agreement with such maturity dates and principal amounts as set out in Part 1 of
Schedule 6. 

  
 8 

 Original IABF Floating Rate Bonds means the registered Dutch State Floating Rate Notes
issued by the State on 21 February 2012 and initially evidenced by the global note certificates substantially in the form set out in Schedule 2 to the Amended and Restated Agency Agreement with such maturity dates and principal amounts as set
out in Part 2 of Schedule 6. 
 Outstanding Prepayment Amount means, in relation to a Prepayment Amount and a future State
Payment Date, an amount equal to the excess, if any, of 
  

	 	(a)	the lower of (i) the Relevant Guaranteed Value immediately prior to application of such Prepayment Amount and (ii) the Minimum Remaining Fixed Rate
Guaranteed Value or the Minimum Remaining Floating Rate Guaranteed Value, as the case may be, shown in Schedule 3 and Schedule 4 respectively for the period ending on such State Payment Date; 

over 
  

	 	(b)	the Relevant Guaranteed Value immediately after application of such Prepayment Amount. 

Own means to hold legal title to the Security, whether by being the registered security holder of such Security or by holding a
Securities Entitlement (as defined by the Uniform Commercial Code as implemented by the State of New York) in such Security. 

Owner means ING Bank N.V. 
 Party means a party to this Agreement. 
 Permitted Encumbrance means any
lien, pledge, charge, claim, encumbrance, security interest, participation interest, option, mortgage, easement or other restriction or third party right arising under or as contemplated by the Transaction Documents. 

Permitted Transaction means any transaction to which the State has agreed in advance. 

Pledged Assets means any and all rights (including any and all ancillary rights) of ING Bank in respect of the Securities. 

Potential Event of Default means an event or circumstance which would be (with the expiry of a grace period, the passage of time, or
the giving of notice or any combination of them) an Event of Default. 
 Prepayment Amount has the meaning given thereto in
Clause 4.2 (Prepayment and Break Costs). 
 Prepayment Date has the meaning given thereto in Clause 4.2 (Prepayment and Break
Costs). 
 Principal Amount Outstanding means, at any moment, in respect of each Registered Bond, the unpaid principal amount
thereunder. 
 Rate Differential means, in relation to a Prepayment Amount and a State Payment Date, the excess of:

  

	 	(a)	(i) in case of a Prepayment Amount in relation to a Fixed Rate Securities Guaranteed Value: 3%; or (ii) in case of a Prepayment Amount in relation to a Floating
Rate Securities Guaranteed Value: the rate of one month USD-LIBOR projected for the one-month period ending on such State Payment Date, using the US Dollar LIBOR and swap market rates prevalent in the market on the relevant Prepayment Date, and
using market-standard forward interest rate interpolation/calculation techniques; 

 over 

  
 9 

	 	(b)	the forward USD Treasury interest rate projected for the one-month period beginning on the immediately preceding State Payment Date, using the USD US Treasury interest
rates prevalent in the market on the Prepayment Date, and using market-standard forward interest rate interpolation/calculation techniques. 

 For the avoidance of doubt, the day count convention in which this forward rate will be quoted will in each of (a) and (b) be the same, i.e. (a) in case of a Prepayment Amount in relation to a
Fixed Rate Securities Guaranteed Value, 30/360; and (b) in case of a Prepayment Amount in relation to a Floating Rate Securities Guaranteed Value, Actual/360. 
 Registered Bonds means the IABF Floating Rate Bonds and/or the IABF Fixed Rate Bonds, or any of them. 
 Relevant Guaranteed Value means, in respect of Fixed Rate Securities, the Fixed Rate Securities Guaranteed Value and, in respect of Floating Rate Securities, the Floating Rate Securities Guaranteed
Value. 
 Reset Date means (a) with regards to the first State Payment Date, the Cut-off Date, and (b) for every
following State Payment Date, the date specified as such pursuant to the relevant Clause, provided that if any Reset Date described in Clause 4.3(b) would otherwise fall on a day which is not a Business Day, the relevant Reset Date for such date
shall be the next following day which is a Business Day, unless such day would fall in the following calendar month, in which case the Reset Date shall be the immediately preceding day which is a Business Day. 

Securities Agreement means the EUR 10,000,000,000 core tier 1 securities subscription agreement between, inter alia, ING Groep and the
State and dated 11 November 2008, as the same may be amended and restated from time to time. 
 Security has the meaning
given thereto in Clause 3.1 (Composition). 
 Security Documents means the 2012 Deed of Disclosed Pledge and the US Security
Agreement. 
 Servicer means ING Investment Management Co. or such other servicer as may be appointed by ING Bank with prior
consent of the State. 
 Servicing Agreement means the servicing agreement between ING Bank and the Servicer dated on
17 February 2012, as amended on or about the date hereof. 
 State Entitlement means, in respect of a Security, on any
day an amount equal to the sum of: 
  

	 	(a)	any and all payments and distributions under such Security, including without limitation interest and coupon payments, payments in respect of the repayment of principal
(in full or in part), guarantee/insurance proceeds, foreclosure proceeds and recoveries, on or prior to 5.00 p.m. on such day; plus 

  

	 	(b)	the proceeds received by ING Bank in respect of the Divestment of such Security net of reasonable transaction costs, on or prior to 5.00 p.m. on such day,

 in each case whether received by ING Bank or a US Company, or discharged by the Obligor by way of set-off and to
the extent not yet received by the State. 
 State Funding Fee Calculation Period has the meaning given thereto in Clause
4.3(b). 
 State Instalment Amount means with respect to any State Payment Date, the payment due by the State pursuant to
Clause 4.1 (Payment of Aggregate Guaranteed Value). 

  
 10 

 State Instalment Announcement Date means the date one Business Day prior to the State
Payment Date. 
 State Payment Date means 15 April 2009, being the first Business Day falling after the first State
Instalment Announcement Date under this Agreement, and thereafter, the 12th calendar day of each month or, if such day is not a Business Day, the next Business Day thereafter. 
 Subsidiary means an entity of which a person has direct or indirect control or owns directly or indirectly more than fifty per cent. (50%) of the voting capital or similar right of ownership and
control for this purpose means the power to direct the management and the policies of the entity whether through the ownership of voting capital, by contract or otherwise. 
 Third Party means any person that is not a Subsidiary of ING Groep and whose financial statements are not consolidated with the financial statements of ING Groep. 

Transaction Document means this Agreement, the US Security Agreement, the 2012 Deed of Disclosed Pledge, the Guarantee Agreement, the
Account Control Agreements, and any other document related to the transactions contemplated by this Agreement concerning the Securities designated as such by the State and ING Bank. 

Universal Completion Date means 14 November 2012, or any other date agreed between ING Groep, ING Bank and the State. 

Universal Effective Time has the meaning given thereto in the 2012 universal amendment and contract transfer agreement between the
State, ING Support Holding B.V., ING Bank and ING Groep, dated on or about the Universal Completion Date. 
 US Co Securities
means the 20% of the Securities referred to in Schedule 2 of the Facility Agreements with respect to the US Companies (other than ING Bank, fsb) immediately prior to the amendment effectuated on the Universal Completion Date that are not transferred
to ING Bank. 
 US Company means each of Security Life of Denver Insurance Company, ReliaStar Life Insurance Company, Lion
Custom Investments LLC, ING USA Annuity and Life Insurance Company, ING Life Insurance and Annuity Company, ING Bank, fsb and ING Direct Bancorp. 
 US Security Agreement means the Pledge and Security Agreement dated as of 16 February 2012, as amended on or about the date hereof, between ING Bank and the State in respect of the Securities.

 USD, US$ and $ means lawful money of the United States. 

USD-LIBOR-BBA means the rate for a Reset Date which will be the rate for deposits in USD for a period of one month which appears on
the Bloomberg field (FEDL01) as of 11.00 a.m. London time on the day that is two London Banking Days preceding that Reset Date. If such rate does not appear on the Bloomberg field (FEDL01), the rate for that Reset Date shall be determined from such
financial reporting service or other information as shall be mutually acceptable to the State and the ING Parties. 
 Valuation
Agent means a reputable independent international financial institution that is specialised in the field of valuing securities such as the Securities. 
  

	1.2	Dutch terms 

 In this Agreement,
where it relates to a Dutch entity, a reference to: 
  

	 	(a)	a necessary action to authorise where applicable, includes without limitation: 

  
 11 

	 	(i)	any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and 

 

	 	(ii)	obtaining an unconditional positive advice (advies) from the competent works council(s); 

 

	 	(b)	a consent being provided under this Agreement requires the parties concerned to comply with the standard of reasonableness and fairness set out in article 6:248 of the
Dutch Civil Code; 

  

							
		 	(c)    	    	(i)      	    	a winding-up, administration or dissolution (and any of those terms) means a Dutch entity being declared bankrupt (failliet verklaard) or dissolved
(ontbonden);

  

	 	(ii)	a moratorium includes surséance van betaling and noodregeling  

 

	 	(iii)	any step or procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under section 36 of the Tax Collection
Act of the Netherlands (Invorderingswet 1990) or Section 16d of the Social Insurance Co-ordination Act of the Netherlands (Coördinatiewet Sociale Verzekeringen); 

 

	 	(iv)	a trustee in bankruptcy means a curator; 

  

	 	(v)	an administrator means a bewindvoerder and stille curator; and 

 

	 	(vi)	an attachment means a beslag. 

  

	1.3	Construction 

  

	(a)	In this Agreement, unless the contrary intention appears, a reference to: 

  

	 	(i)	an amendment includes a supplement, novation, extension (whether of maturity or otherwise), restatement, re-enactment or replacement (however fundamental and
whether or not more onerous) and amended will be construed accordingly; 

  

	 	(ii)	assets includes present and future properties, revenues and rights of every description; 

 

	 	(iii)	an authorisation includes an authorisation, consent, approval, resolution, permit, licence, exemption, filing, registration or notarisation;

  

	 	(iv)	indebtedness includes any obligation (whether incurred as principal or as surety and whether present or future, actual or contingent) for the payment or repayment
of money; 

  

	 	(v)	a person includes any individual, company, corporation, unincorporated association or body (including a partnership, trust, fund, joint venture or consortium),
government, state, agency, organisation or other entity whether or not having separate legal personality; 

  

	 	(vi)	a regulation includes any regulation, rule, official directive, request or guideline (whether or not having the force of law but, if not having the force of law,
being of a type with which any person to which it applies is accustomed to comply) of any governmental, inter-governmental or supranational body, agency, department or regulatory, self-regulatory or other authority or organisation;

  

	 	(vii)	a currency is a reference to the lawful currency for the time being of the relevant country; 

 

	 	(viii)	a Default being outstanding means that it has not been remedied or waived; 

  
 12 

	 	(ix)	a provision of law is a reference to that provision as extended, applied, amended or re-enacted and includes any subordinate legislation; 

 

	 	(x)	a Clause, a Subclause or a Schedule is a reference to a Clause or Subclause of, or a Schedule to, this Agreement; 

 

	 	(xi)	a Party or any other person includes its successors in title, permitted assigns and permitted transferees; 

 

	 	(xii)	a Transaction Document or other document or security includes (without prejudice to any prohibition on amendments) any amendment to that Transaction Document or other
document or security, including any change in the purpose of, any extension for or any increase in the amount of a facility or any additional facility; 

  

	 	(xiii)	a Schedule includes the amended or replaced Schedule from time to time in accordance with this Agreement; and 

 

	 	(xiv)	a time of day is a reference to New York City time. 

  

	(b)	The headings in this Agreement do not affect its interpretation. 

  

	2.	CONDITIONS PRECEDENT 

 This
amended and restated Agreement becomes effective (the Amendments Effective Time) upon satisfaction (or waiver) of the following conditions: 
  

	 	(a)	The Universal Effective Time having occurred and ING Bank having become the unencumbered and irrevocable Owner of the Securities, not subject to any retransfer obligation;
and 

  

	 	(b)	the first ranking security right having been vested by ING Bank in favour of the State as set out in the US Security Agreement; 

 

	 	(c)	the 2012 Deed of Disclosed Pledge has been signed and the Debtor (as defined therein) has been notified of this 2012 Deed of Disclosed Pledge in accordance with article
3:236(2) of the Dutch Civil Code; and 

  

	 	(d)	satisfaction (or waiver) of the conditions precedent set out in this paragraph 2 and Schedule 1 (Conditions Precedent Documents in respect of the Amendment).

 The State shall notify the ING Parties immediately upon being satisfied with the fulfilment or waiver of these
conditions precedent. 
  

	3.	DESIGNATED SECURITIES POOL 

  

	3.1	Composition 

  

	(a)	The Securities are the securities that are listed or referred to in Schedule 2 (Description of Securities); provided that a security shall cease to be a
“Security” if and when a Divestment has been made with respect to that Security. 

  

	(b)	As soon as reasonably possible but no later than three (3) Business Days following any Divestment, ING Bank will prepare (or cause the preparation of) a new Schedule
2 (Description of Securities) from which the relevant Divested Securities will have been removed. 

  
 13 

	3.2	Operating Committee 

 The State,
ING Bank, and ING Groep will establish and maintain for the duration of this Agreement an operating committee (the Operating Committee) to discuss recent developments, market outlook, data and pricing in respect of the Securities. The Parties
acknowledge and agree that the discussions of the Operating Committee will be for information purposes only. The State shall be responsible for making its own decisions. 
 ING Bank will ensure that the transfer by ING Support Holding B.V. to ING Bank on or about the Completion Date and the Universal Completion Date of its rights and obligations under the Facility Agreements,
will not in any way adversely affect the functioning, composition and expertise of the Operating Committee (including but not limited to market outlook output). 
 After redemption of all Registered Bonds, the Operating Committee has the right to unanimously agree on an amendment of the days on which the State Instalment Announcement Date and/or the State Payment Date
falls. 
  

	3.3	Divestments 

  

	(a)	The State has the right to instruct ING Bank in writing to sell, on a commercial best efforts basis, a Security at such price level as indicated by the State.

  

	(b)	If any US federal or US State regulatory requirement (whether by way of statute or regulation or by way of an order, instruction, direction or request of any US federal or
US State supervisory or other governmental authority) would prohibit, restrict, subject to consent requirements or delay or otherwise adversely affect any sale of Securities, ING Bank shall procure (bij wijze van resultaatsverbintenis) that
any such prohibition, restriction, consent requirement, delay or other effect is fully complied with or removed prior to the date of such intended sale, so that each divestment as contemplated by this Clause 3.3 can be realised on the date
contemplated by the State without being in any respect affected by such prohibition, restriction, consent requirement, delay or other effect. For the avoidance of doubt, any failure to so procure the removal of such prohibition, restriction, consent
requirement, delay or other effect shall constitute an Event of Default regardless whether or not such failure is caused by or attributable to ING Bank or ING Groep. 

 

	(c)	ING Bank shall ensure that as long as no Divestment has been made with respect to the Securities (or any set of them), the Corresponding US Co Securities (or any set of
them) will not be sold to a Third Party without the prior written consent of the State. 

  

	3.4	No ownership by the State 

 The
State will not have any proprietary interest in the Securities as a consequence of entering into this Agreement. 
  

	3.5	Servicing/management of Securities 

  

	(a)	Each ING Party will as against the State remain responsible and liable for management/servicing of the Securities. 

 

	(b)	Where in this Agreement the Servicer is considered to undertake any obligation, it is considered to mean that each ING Party will cause the Servicer to perform such
obligation. 

  

	(c)	The State acting reasonably is entitled to give instructions to each ING Party in respect of the Securities as to the exercise of rights and the performance of obligations
under the Securities in case where the State in its discretion believes this is necessary to safeguard its interests under this Agreement. 

  
 14 

	(d)	Servicing of any Security may only be delegated to third parties (including any affiliates of an ING Party) with prior written consent of the State; provided that the
State hereby consents to the appointment of the Servicer to service the Securities. 

  

	3.6	Restrictive covenants in respect of the Securities 

  

	(a)	The ING Parties shall not and shall ensure that the Servicer shall not without the prior written consent of the State do any of the following in respect of the Securities:

  

	 	(i)	exercise or refrain from exercising any of its rights, powers and/or discretions arising under or in connection with any of the Securities where such exercise or non
exercise will or may adversely affect the interests of the State in respect thereof; 

  

	 	(ii)	consent to any amendment of the terms and conditions of any Asset Documentation; 

 

	 	(iii)	grant security rights over (its interest in) Securities other than to the State; 

 

	 	(iv)	enter into any repurchase or securities lending transaction or facility or similar transaction or facility with any third party (belenen) in respect of any one or
more of the Securities; 

  

	 	(v)	take any action not falling under (i) above, in respect of any one or more of the Securities which will or may adversely affect the interests of the State under this
Agreement. 

 The State may impose any such conditions on its consent to any of the actions set out in
Subclauses (i) through (v) above as it deems appropriate, in its sole and absolute discretion, including (without limitation) the requirement for an entitlement to a share of the upside received by ING Bank as a consequence of
collateralising the Securities for ECB/Fed liquidity purposes. 
  

	(b)	Each ING Party shall take and shall cause the Servicer to take such action in respect of the exercise of rights and the performance of obligations, if any, with respect to
any one or more of the Securities as the State may direct, acting in a commercially reasonable manner and as the State determines is necessary (in its sole and absolute discretion) to protect its interests pursuant to this Agreement.

  

	4.	PAYMENTS BY THE STATE 

  

	4.1	Payment of Aggregate Guaranteed Value 

  

	(a)	The State will pay to ING Bank the Aggregate Guaranteed Value. 

  

	(b)	The Aggregate Guaranteed Value shall be paid on each State Payment Date in State Instalment Amounts subject to any prepayments made pursuant to Clause 4.2.

  

	(c)	The State will inform ING Bank on each State Instalment Announcement Date of the portion of the State Instalment Amount to be applied to the Fixed Rate Securities
Guaranteed Value and to the Floating Rate Securities Guaranteed Value. On the first Business Day following each State Payment Date, the State shall confirm the amounts of the Aggregate Guaranteed Value, the Fixed Rate Securities Guaranteed Value and
the Floating Rate Guaranteed Value as calculated at the opening of business on that day. 

  

	(d)	The State Instalment Amount on any State Payment Date will be an amount such that the remaining unpaid balance of the Relevant Guaranteed Value is (i) not more than
the Maximum Remaining Fixed Rate Guaranteed Value or Maximum Remaining Floating Rate Guaranteed Value for that State Payment Date, and (ii) not less than the Minimum Remaining Fixed Rate Guaranteed Value or Minimum Remaining Floating Rate
Guaranteed Value for that State Payment Date, as the case may be. 

  
 15 

	(e)	Schedule 3 and Schedule 4 reflect the Minimum Remaining Floating Rate Guaranteed Value, Maximum Remaining Floating Rate Guaranteed Value, Minimum Remaining Fixed Rate
Guaranteed Value and Maximum Remaining Fixed Rate Guaranteed Value as at the State Payment Date immediately preceding the date of this Agreement. The State is fully discharged from its payment obligations in respect of the Aggregate Guaranteed Value
paid by the State up to the date of this Agreement, except that the State may be obliged to make additional payments resulting from corrections made or to be made to the payments made by the State, or to the calculations on which such payments are
based. 

  

	4.2	Prepayment and Break Costs 

  

	(a)	The State may, by giving of one (1) Business Day’s notice, at its sole and absolute discretion on any Business Day (such day a Prepayment Date) make any
payment to reduce the balance of the Aggregate Guaranteed Value not being a payment under Clause 4.1 (the amount of any such payment a Prepayment Amount); provided that Break Costs shall be payable by the State on such Prepayment Date in
relation to that Prepayment Amount and provided further that: 

  

	 	(i)	the State has informed ING Bank at least one (1) Business Day prior to the Prepayment Date of the allocation between the Fixed Rate Securities Guaranteed Value and
the Floating Rate Securities Guaranteed Value; and 

  

	 	(ii)	any payment of a Prepayment Amount must be made with the corresponding portion of the accrued Funding Fees and Management Fees on the amount prepaid from and including the
immediately preceding State Payment Date until but excluding the relevant Prepayment Date. On the first Business Day following each Prepayment Date, the State shall confirm the amounts of the Aggregate Guaranteed Value, the Fixed Rate Securities
Guaranteed Value and the Floating Rate Guaranteed Value as calculated at the opening of business on that day 

  

	(b)	All Prepayment Amounts and the relevant Prepayment Day will be recorded by the Parties on a prepayment ledger (the Prepayment Ledger). The Prepayment Ledger will be
made to reflect the necessary adjustments to the State Instalment Amounts and any fees payable hereunder by the State after the relevant Prepayment Date (so as to avoid double-counting). 

 

	(c)	Each calculation of Break Costs (the Calculation) will be initially made by ING Bank and put forward to the State. Where the State disputes the Calculation, which
dispute cannot be resolved within twenty-four (24) hours, then the parties shall forthwith jointly appoint an independent third party investment bank (the Calculation Agent) that will perform the relevant Calculation.
The determination of the Calculation Agent shall be final and binding absent manifest error. The Parties shall give all reasonable cooperation to the Calculation Agent in order to permit the Calculation Agent to perform its task diligently and
expediently. The reasonable fees and other costs of the Calculation Agent shall be borne by ING Bank. 

  

	(d)	For the avoidance of doubt and notwithstanding any other provision in this Agreement, no Break Costs shall be payable in case of a mutually agreed, voluntary termination
of this Agreement. 

  

	4.3	Funding Fee 

  

	(a)	On each State Payment Date, the State will pay to ING Bank a Funding Fee in arrears which is due on the Closing Date, but payable (opeisbaar) in monthly
instalments on each State Payment Date, provided that the State has received all payments due to it under Clauses 5 and 15.1 (which includes, for the avoidance of doubt, payments due to the State on that same State Payment Date).

  

	(b)	 Each Funding Fee is calculated in respect of a monthly period (a State Funding Fee Calculation Period) which commences on and includes the 25th
calendar day of the month which falls 

  
 16 

	 	
two months prior to the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar
month, in which event the relevant date shall be the Business Day immediately preceding such 25th calendar day) (the Calculation Day) to but excluding the 25th calendar day of the month immediately prior to the relevant State Payment Date (or
if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the Business Day immediately preceding such 25th calendar day).

  

	(c)	The Funding Fee is equal to the sum of the following, whereby in each case the Effective Federal Funds Rate applicable to the period starting five Business Days prior to
the relevant State Payment Date will be the Effective Federal Funds Rate published on the fifth Business Day prior to such State Payment Date: 

  

	 	(i)	in respect of the Fixed Rate Securities Guaranteed Value, 

  

	 	(A)	in case of the first State Payment Date the sum of: 

 left blank intentionally 
 and 

 

	 	(B)	for each subsequent State Payment Date the sum of: 

  

	 	I.	an amount equal to three per cent. (3%) plus an additional margin of fifty basis points (0,5%) of the sum of 

 

	 	(x)	the Fixed Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date; plus

  

	 	(y)	the aggregate Principal Amount Outstanding of the IABF Fixed Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such
State Payment Date; 

 calculated over the relevant State Funding Fee Calculation Period ending immediately prior to
such State Payment Date, on the basis of the Day Count Fraction; plus 
  

	 	II.	interest over the amount calculated under (I) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse
oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date, 

 minus 
  

	 	III.	an amount equal to the interest due and payable on the IABF Fixed Rate Bonds on such State Payment Date; 

and 
  

	 	(ii)	in respect of the Floating Rate Securities Guaranteed Value: 

  

	 	(A)	in the case of the first State Payment Date, the sum of 

 left blank intentionally 

  
 17 

	 	(B)	in the case of any subsequent State Payment Date, the sum of: 

  

	 	I.	a rate equal to USD-LIBOR-BBA plus an additional margin of fifty basis points (0,5%) of 

 

	 	(x)	the Floating Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date;
plus 

  

	 	(y)	the aggregate Principal Amount Outstanding of the IABF Floating Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such
State Payment Date; 

 calculated over the relevant State Funding Fee Calculation Period ending immediately prior to
such State Payment Date, on the basis of the Day Count Fraction; plus 
  

	 	II.	interest over the amount calculated under (I) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse
oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date, 

 minus 
  

	 	III.	an amount equal to the interest due and payable on the IABF Floating Rate Bonds on such State Payment Date; 

where in case of each 4.3(c)(ii)(A) and (B) the applicable USD-LIBOR-BBA in respect of a State Funding Fee Calculation Period is set
two Business Days prior to the first day of the relevant State Funding Fee Calculation Period. 
  

	(d)	In view of the intention expressed in Clause 4.7(d), should in respect of the Fixed Rate Securities Guaranteed Value or the Floating Rate Guaranteed Value the sum
calculated under Clause 4.3(c)(i) or Clause 4.3(c)(ii) result in a negative number, the State Instalment Amount will be automatically reduced by way of set-off with an amount equal to the difference between such negative amount and zero.

  

	4.4	Management Fee 

  

	(a)	The State shall pay a management fee (the Management Fee) with, according to calculations of ING Bank, a net present value of USD 444,000,000 at the Cut-off Date
(discounted at three per cent. (3%) per annum). 

  

	(b)	The Management Fee is due in full on the Closing Date and will be paid to ING Bank. The Management Fee will be payable (opeisbaar) in instalments annually on
the State Payment Date immediately following the 26th of January of each calendar year, except that the first instalment will be payable on the State Payment Date falling in April 2009, each time in an amount calculated in accordance with the
following formula 

 0.25% x (the Current Par Value of the Securities as per the 26th of January immediately preceding
such State Payment Date). 
  

	(c)	 The instalments will be increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt, applying compound
interest (dagelijkse oprenting)) over such 

  
 18 

	 	
amount calculated over the period from and including 25th January to but excluding the relevant State Payment Date, provided that the Effective Federal Funds Rate applicable to the period
starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date. 

 

	(d)	For the avoidance of doubt, no Management Fee shall be due or become payable (i) in respect of any period after the date upon which the Fair Market Value becomes due
and payable in accordance with the provisions of this Agreement, (ii) in respect of any period during which Guarantee Fees shall not be due and payable, and (iii) after the Final ING Payment Date. 

 

	4.5	Representation in respect of payment obligations 

 The State hereby represents to ING Bank as per the Closing Date that its payment obligations under this Agreement are direct, valid and enforceable obligations of the State, not subject to further action by
the Dutch parliament. 
  

	4.6	IABF Bonds 

  

	(a)	Upon the satisfaction of the conditions precedent set out in 4.6(b) on or about the Completion Date, the State has issued to ING Bank or, subject to the prior written
consent of the State, any other wholly owned affiliate of ING Bank, the Original IABF Fixed Rate Bonds and the Original IABF Floating Rate Bonds on 21 February 2012. 

 

	(b)	The issue of the Original IABF Fixed Rate Bonds and the Original IABF Floating Rate Bonds were subject to the conditions precedent that: 

 

	 	(i)	the Financial Guarantee had become effective; and 

  

	 	(ii)	the State having received satisfactory evidence that the transfer of legal title of the shares in the capital of ING Bank, fsb to Capital One Financial Corporation or a
wholly owned subsidiary thereof had been completed. 

  

	(c)	The State shall issue on or as soon as practically possible, but in any case ultimately one Business Day, after the Universal Completion Date and after the Guarantee
Agreement (for the avoidance of doubt, including the amendment on or about the Universal Completion Date) has become effective, to ING Bank or, subject to the prior written consent of the State, any other wholly owned affiliate of ING Bank, further
series of bonds denominated in U.S. dollars, which will be fungible with the series of the Original IABF Fixed Rate Bonds (the Further Issue IABF Fixed Rate Bonds) and the Original IABF Floating Rate Bonds (the Further Issue IABF Floating
Rate Bonds) (the Further Issue IABF Fixed Rate Bonds and the Further Issue IABF Floating Rate Bonds, the Further Issue Registered Bonds and each a Series of Further Issue Registered Bonds) with such maturity dates and principal
amounts as set out in Part 1 and Part 2 of Schedule 6. The terms and conditions of the relevant Series of Further Issue Registered Bonds will be, upon issue, identical to the Registered Bonds of the same Series in all respects and are expressed to
be consolidated and form a single Series of Registered Bonds, from the date of issue, except for the date on which such Series of Further Issue Registered Bonds are issued, interest commencement dates and/or issue prices, which will be separately
disclosed prior to the issue of such Series of Further Issue Registered Bonds. When the Further Issue Registered Bonds are issued, any reference to the Registered Bonds in this Agreement will include a reference to the Further Issue Registered
Bonds, unless the context requires otherwise. 

  

	(d)	The terms and conditions, form and denomination of each Registered Bond are or will be substantially in the form as set out in Schedule 5 to this Agreement.

  
 19 

	(e)	The Registered Bonds will initially be evidenced by one or more Global Registered Bond Certificates, in the form set out in Schedule 2 to the Amended and Restated Agency
Agreement, exchangeable for Definitive Registered Bond Certificates as set out in the terms and conditions. 

  

	(f)	ING Bank agrees with the State that it will not transfer any Registered Bond without prior written consent of the State other than under a Financing Arrangement (as
defined below). The State hereby consents to transfers (in whole or in part) of the Registered Bonds to ING Bank or ING Groep or any other wholly owned affiliates of ING Bank. Furthermore, the State hereby consents to ING Bank or such ING entities
entering into securities lending and/or repurchase (repo) arrangements (hereinafter Financing Arrangements) in respect of such Registered Bonds, (including any transfer thereof fur such purposes), with professional market parties or,
after the prior written approval of the State, any other financing arrangements using the Registered Bonds as collateral. 

  

	(g)	The State shall not incur any liability towards any ING Party in case of a delay in the issue of the Registered Bonds (in whole or in part) for whatever reason other than
gross negligence, fraud and wilful misconduct on the part of the State. 

  

	(h)	No ING Party shall undertake any action or omit to take any action in relation to any transaction involving the Registered Bonds (other than the initial issue thereof by
the State to ING Bank) that will or may result in a violation by the State of any United States Federal or State securities laws or any other securities laws in any relevant jurisdiction. 

 

	4.7	Amendment of IABF Receivables 

  

	(a)	For the avoidance of doubt, pursuant to the definition of Fixed Rate Securities Guaranteed Value (and as consideration for the issue of the IABF Fixed Rate Bonds by the
State to ING Bank), the Fixed Rate Securities Guaranteed Value shall be decreased by the sum of the Principal Amounts Outstanding at the issue dates of the IABF Fixed Rate Bonds as set out in such definition; and 

 

	(b)	For the avoidance of doubt, pursuant to the definition of the Floating Rate Securities Guaranteed Value (and as consideration for the issue of the IABF Floating Rate Bonds
by the State to ING Bank) the Floating Rate Securities Guaranteed Value shall be decreased by the sum of the Principal Amounts Outstanding at the issue dates of the IABF Floating Rate Bonds, as set out in such definition; and

  

	(c)	ING Bank will, at the request of the State, provide copies of any Financing Arrangements entered into by it or its affiliate in respect of the Registered Bonds, to the
State or the auditor appointed by the State. 

  

	(d)	For the avoidance of doubt, and to ensure that there shall be no double-counting, the Parties agree that the amendment of the payment obligations of the State under this
Agreement shall in no event result in indebtedness of the State towards any ING Party hereunder that exceeds, nor an in indebtedness of the State towards any ING Party hereunder that is lower than the indebtedness of the State towards the ING
Parties hereunder if such amendment had not been made. 

  

	4.8	Redemption of Registered Bonds 

  

	(a)	Upon redemption of maturing Registered Bonds: 

  

	 	(i)	pursuant to the definition of Floating Rate Securities Guaranteed Value or Fixed Rate Securities Guaranteed Value, respectively the Floating Rate Securities Guaranteed
Value (in case of maturing IABF Floating Rate Bonds) or the Fixed Rate Securities Guaranteed Value (in case of maturing IABF Fixed Rate Bonds), as applicable, shall increase with an amount equal to the relevant Principal Amounts Outstanding of
the maturing Registered Bonds, as set out in such definitions; and 

  
 20 

	 	(ii)	pursuant to the definitions of Minimum Remaining Fixed Rate Guaranteed Value, Maximum Remaining Fixed Rate Guaranteed Value, Minimum Remaining Floating Rate Guaranteed
Value and/or Maximum Remaining Floating Rate Guaranteed Value, as applicable, these values shall increase with an amount equal to the Principal Amounts Outstanding of the maturing Registered Bonds as set out in such definitions.

  

	(b)	In case ING Bank does not or only pay part of the amount under Clause 5.1(d) when due, the parties agree for the avoidance of doubt, that pursuant to the definitions of
Floating Rate Securities Guaranteed Value (in case of maturing IABF Floating Rate Bonds) or Fixed Rate Securities Guaranteed Value (in case of maturing IABF Fixed Rate Bonds) as well as Minimum Remaining Fixed Rate Guaranteed Value, Minimum
Remaining Floating Rate Guaranteed Value, Maximum Remaining Fixed Rate Guaranteed Value and/or Maximum Remaining Floating Rate Guaranteed Value, these values, as applicable, shall upon redemption by the State of the relevant maturing Registered
Bonds, be reduced with an amount equal to the unpaid amount. The State shall not owe any Break Costs as a result of such reduction. 

  

	4.9	Calculation of Funding Fee 

Each calculation of the amount of the Funding Fee (the Funding Fee Calculation) will be initially made by the State and put forward to
ING Bank on the relevant State Instalment Announcement Date. Where ING Bank disputes the Funding Fee Calculation, which dispute cannot be resolved within twenty-four (24) hours, then the Parties shall forthwith jointly appoint an independent
third party investment bank (the Funding Fee Calculation Agent) that will perform the relevant Funding Fee Calculation. The determination of the Funding Fee Calculation Agent shall be final and binding absent manifest error. The Parties shall
give all reasonable cooperation to the Funding Fee Calculation Agent in order to permit the Funding Fee Calculation Agent to perform its task diligently and expediently. The reasonable fees and other costs of the Funding Fee Calculation Agent shall
be borne by ING Bank. 
  

	5.	PAYMENTS BY ING BANK 

  

	5.1	Payment of State Entitlement 

  

	(a)	On each ING Payment Date, no later than noon, ING Bank will pay to the State an amount equal to: 

 

	 	(i)	the aggregate State Entitlement for each day during the ING Calculation Period ending immediately prior to such ING Payment Date; and 

 

	 	(ii)	the aggregate of the Interest Amounts accrued each day on the amounts referred to in Subclause (i) above (for the avoidance of doubt, applying compound interest
(dagelijkse oprenting)) to but excluding the ING Payment Date, provided that the Effective Federal Funds Rate (as used in the calculation of the Interest Amount for any given date) applicable to the period starting five Business Days prior to
the relevant ING Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such ING Payment Date. 

  

	(b)	Notwithstanding anything in this Agreement to the contrary, any interest accrued on any Security up to but excluding the Cut-off Date, regardless of when such interest is
paid by the Obligor, will not be required to be paid to the State and any principal payable on any Security through and including the Cut-off Date will not be required to be paid to the State. 

 

	(c)	 If all or any portion of a payments and distributions under any Security received by ING Bank and paid to the State pursuant to this Clause 5.1 is legally
required to be returned or disgorged by ING Bank (other than in circumstances where such obligation to return or disgorge is attributable to any failure to act, breach of contract or negligence on the part of any ING Party, or any affiliate of any

  
 21 

	 	
ING Party), then ING Bank shall promptly comply with such obligation and the State shall, subject to receipt of satisfactory evidence to that effect, promptly return such payment or distribution
(or portion thereof) to ING Bank together with related interest and charges that ING Bank is required to pay in respect of the relevant Security, provided that no related interest or charges shall be payable by the State if and to the extent
that payment thereof is attributable to any failure to act, breach of contract or negligence on the part of any ING Party or any affiliate of any ING Party. 

 

	(d)	On the Business Day prior to each State Payment Date, ING Bank will no later than 14.00 NY time pay into such bank account as indicated by the State, an amount equal to
the Principal Amounts Outstanding of the Registered Bonds maturing on such State Payment Date. Any overnight interest actually received by the State from the bank concerned on the amount of such payment over the period from payment hereof up to the
relevant State Payment Date by the State will be passed on by the State to ING Bank upon receipt. 

  

	5.2	Guarantee Fees 

  

	(a)	ING Bank will pay to the State a guarantee fee (the Guarantee Fee) with, according to calculations of ING Bank, a net present value of USD 977,000,000 at the
Cut-off Date (discounted at three per cent. (3%) per annum). 

  

	(b)	The Guarantee Fee is due on the Closing Date, but payable (opeisbaar) annually in instalments until the earlier of 26 January 2048 or the Final ING Payment
Date on the first State Payment Date immediately following the 26th of January, except that the first instalment will be payable on the State Payment Date falling in April 2009, each such instalment calculated in accordance with the following
formula: 

 0.55% x (the Current Par Value of the Securities as per the 26th of January immediately preceding such
State Payment Date). 
  

	(c)	The instalments will be increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest
(dagelijkse oprenting)) over such amount calculated over the period from and including 25th January to but excluding the relevant ING Payment Date, provided that the Effective Federal Funds Rate applicable to the period starting five
Business Days prior to the relevant ING Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such ING Payment Date. 

 

	(d)	For the avoidance of doubt, the Guarantee Fees shall not be due and payable (1) in respect of the period after the date upon which the Fair Market Value has been paid
by ING Bank to the State in accordance with the provisions of this Agreement, (2) in respect of any period during which Management Fees shall not be due and payable, and (3) after the Final ING Payment Date. 

 

	(e)	If the Final ING Payment Date falls after 25 January 2048, the excess if any of (i) USD 977,000,000 (being the net present value of the Guarantee Fee as
determined by ING Bank) and (ii) the net present value of all instalments in respect of the Guarantee Fee actually paid under this Clause 5.2 (discounted back to the Cut-off Date at three per cent. (3%) per annum), is due and payable.

  

	5.3	Additional Annual Payment Obligations of ING Groep 

 ING Groep shall pay to the State an additional guarantee fee payable annually on the first State Payment Date immediately following the 26th of January in each year until the earlier of 26 January 2048
or the latest Final ING Payment Date, equal to an amount calculated in accordance with the following formula: 
 0.826% x (the
Current Par Value of the Securities as per the 26th of January immediately preceding such State Payment Date)) 

  
 22 

 in each case increased with a gross up amount representing the Effective Federal Funds Rate
(for the avoidance of doubt applying compound interest (dagelijkse oprenting)) over such amount calculated over the period from and including 25th January to but excluding the relevant State Payment Date, provided that the Effective
Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date. 

 

	5.4	Additional Adjustment Figure 

The additional 0,826% fee set out in Clause 5.3 above, which represents an additional guarantee fee, includes a 15.6 basis points adjustment
(the Additional Adjustment Figure) on the Guarantee Fee relating to the period between 26 January 2009 and 26 January 2010, representing a net present value of USD 250,000,000 as per 26 January 2010. 

In the event that this Agreement is prematurely terminated partially or in whole, ING Groep shall pay to the State on the third Business Day
after such premature termination an amount equal to the difference between the amount of USD 250,000,000 and the sum of all amounts paid by ING Groep to the State in respect of the Additional Adjustment Figure, each of which shall have been
discounted back to 26 January 2010 using the Daily Treasury Yield Curve as published by the United States Treasury Department, applicable to 26 January 2010. 
  

	5.5	Additional Monthly Payment Obligations of ING Groep 

 ING Groep shall pay to the State on each State Payment Date: 
  

	 	(i)	in respect of the Fixed Rate Securities Guaranteed Value the sum of: 

  

	 	(A)	an additional margin of fifty basis points (0,5%) of the sum of 

  

	 	I.	the Fixed Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date; plus

  

	 	II.	the aggregate Principal Amount Outstanding of the IABF Fixed Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such
State Payment Date; 

 calculated over the relevant State Funding Fee Calculation Period ending immediately prior to
such State Payment Date, on the basis of the Day Count Fraction; plus 
  

	 	(B)	interest over the amount calculated under (ii)(A) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse
oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date, provided that the Effective Federal Funds Rate (as used in the calculation of the Interest Amount for any
given date) applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date;

 and 
  

	 	(ii)	in respect of the Floating Rate Securities Guaranteed Value the sum of: 

  

	 	(A)	an additional margin of fifty basis points (0,5%) of 

  
 23 

	 	I.	the Floating Rate Securities Guaranteed Value as at the first day of the State Funding Fee Calculation Period ending immediately prior to such State Payment Date;
plus 

  

	 	II.	the aggregate Principal Amount Outstanding of the IABF Floating Rate Bonds as at the first day of the State Funding Fee Calculation Period ending immediately prior to such
State Payment Date; 

 calculated over the relevant State Funding Fee Calculation Period ending immediately prior to
such State Payment Date, on the basis of the Day Count Fraction; plus 
  

	 	(B)	interest over the amount calculated under (A) above at the Effective Federal Funds Rate (for the avoidance of doubt, applying compound interest (dagelijkse
oprenting)) from and including the last day of the relevant State Funding Fee Calculation Period to but excluding such State Payment Date, provided that the Effective Federal Funds Rate (as used in the calculation of the Interest Amount for any
given date) applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date.

  

	5.6	Joint liability of ING Bank 

ING Bank is jointly and severally liable (hoofdelijk aansprakelijk) for the performance of the obligations of ING Groep under or in
connection with Clause 5.3 to Clause 5.6 of this Agreement. 
  

	5.7	Joint liability of ING Groep 

  

	(a)	ING Groep is jointly and severally liable (hoofdelijk aansprakelijk) for the performance of the obligations of ING Bank to the State under or in connection with
this Agreement. 

  

	(b)	If ING Groep makes any payment to the State pursuant to its joint and several liability hereunder, and as a result of or in connection with such payment ING Groep has a
recourse claim against ING Bank (a recourse claim), the Parties hereto irrevocably agree that (i) such recourse claim will be subordinated in all respects to any claims that the State has or may in the future obtain against ING Bank
under or in connection with the Transaction Documents (a senior State claim), (ii) such recourse claim will not be instituted against ING Bank unless and until any senior State claims have been discharged in full to the satisfaction of
the State, and (iii) such recourse claim will not be submitted in any insolvency of ING Bank in competition with or otherwise in a manner detrimental to any senior State claim, provided however that such claim may be submitted to the insolvency
trustee, subject to compliance with any instructions by the State in respect thereof, if the foregoing conditions are satisfied. 

  

	5.8	Recoveries in the form of settlement or litigation proceeds 

 ING Bank undertakes to pay to the State any amounts received by it, a US Company or an affiliate of ING Bank as recoveries, including but not limited to recoveries from settlements or litigations, in respect
of the Securities. ING Bank also undertakes to pay to the State any amounts received by it, a US Company or an affiliate of ING Bank as recoveries, including but not limited to recoveries from settlements or litigations, in respect of or any
“Security” as defined in the Facility Agreements that is not a Security, provided that the amount to be paid by the State will be limited to the amount to which the State would have been entitled under the Facility Agreements. Such
payments shall be made on the date of receipt of such amounts or such other date as agreed between the Parties. 

  
 24 

	6.	SECURITY 

 ING Bank has agreed
and is pursuant to the Security Documents obliged, to grant first ranking security to the State over ING Bank’s rights in respect of the Securities. Upon request of the State based on reasonable doubt as to the validity and enforceability of
the existing security over the Pledged Assets of ING Bank and after having given ING Bank the opportunity to cure defects in respect of, or perfect or create such security over the Pledged Assets), ING Bank and/or ING Groep will provide – or
cause any affiliate to provide – such alternative first ranking security over such assets as the State may request to secure their respective (net) payment obligations towards the State under the Transaction Documents. 

 

	7.	REPORTING AND INFORMATION 

  

	7.1	Reporting requirements 

 ING
Bank will provide the State with regular reports in such format, containing such data (for the avoidance of doubt, such data includes, but is not limited to, the information and data relating to and supporting the calculation of the Current Par
Value per Security as of the 26th of January of each calendar year or as often as the State may reasonably request) and with such frequency as will correspond to ING’s current own internal reporting systems, provided however that ING’s
reporting systems will for the purposes of this Clause be adjusted to accommodate the State’s requirements from time to time. In addition, ING Bank will provide the State with monthly reports in such format, containing such data as the State
may reasonably request showing the Security Losses as defined in the Guarantee Agreement. 
  

	7.2	Investor Reports etc 

  

	(a)	ING Bank shall furnish to the State copies of all investor reports received after the Cut-off Date from or on behalf of the Obligors in respect of the Securities, as well
as copies of written notifications made by or on behalf of such Obligors in respect of the Securities, it being understood and agreed that to the extent any such report is posted on a publicly accessible website, ING Banks may provide the State with
a link to that website in lieu of a copy of such report. 

  

	(b)	ING Bank shall, ultimately one Business Day prior to the relevant State Instalment Date, report to the State the amount ING Bank will pay as referred to in Clause 5.1(a)
and Clause 5.1(d). 

  

	7.3	Additional Information 

Forthwith upon becoming aware thereof, an ING Party will inform the State of any information which will or may reasonably be expected to have
a significant negative effect on the value of any one or more of the Securities or the interests of the State under this Agreement and which information is of such a nature that it would typically be sent to higher management within the ING Party.
For the purposes of this Clause 7.3, the expression “higher management” means the level of any so-called Asset and Liability Committee or replacement or similar internal body at the relevant ING Party and any senior authority tasked with
evaluating and/or taking decisions on such matters. 
  

	7.4	Auditor Access 

 Each ING Party
will be obliged to grant access to auditors of the State to such books and records and procedures and to the premises where the servicing of the Securities take place as reasonably requested within three (3) Business Days of such request. The
auditors of the State have the right to audit the control environment and control activities relating to the servicing of the Securities. This includes (without limitation) the right to interview management and staff and to examine records and
systems. 

  
 25 

	7.5	Management Certificate and Control Environment 

 ING Bank will procure that the State will be provided annually with a management certificate, signed for approval by a member of the Board of Directors of ING Groep, in respect of the portfolio management,
reporting and control in such form and substance as separately agreed between the Parties. 
  

	7.6	Assurance report from external auditor 

 ING Bank shall procure that an external auditor will annually and at the expense of ING Bank, prepare and deliver to the State an assurance report in respect of the information on the
Securities and the portfolio provided to the State by ING Bank. Such assurance report shall be prepared on the basis of the format as has been agreed between the State and ING Bank for the calendar year 2009 including the
materiality criteria as determined by the State, but subject to such amendments as to form, content and materiality criteria as the State may reasonably request from time to time. ING Bank shall procure that an external auditor
delivers such assurance report in respect of the relevant calendar year to the State by no later than 22 February in the following year and the first such assurance report, in respect of the calendar year 2009, shall be delivered
to the State by no later than 2 March 2010. 
  

	7.7	No administrative and operational changes following contract transfers by ING Support Holding 

 

	(a)	ING Bank will ensure that the contract transfers by ING Support Holding to ING Bank will have no adverse impact for the State in terms of operational processes without
consent of the State. Any instructions or information required to be given by the State under this Agreement may be given to ING Bank. 

  

	(b)	The ING Parties have proposed to the State to agree to certain changes in relation to the administration and servicing of the Securities. These changes are set out in
Schedule 7. The State has agreed to such changes being carried through, subject to certain conditions as set out in that Schedule 7. ING Bank covenants and agrees that such changes shall be carried out in accordance with such proposals (to the
extent accepted by the State) and that such changes shall be implemented in accordance with such conditions, and ING Bank agrees to indemnify the State for any damages that the State may incur as a consequence of the implementation of such changes
and any non compliance with such conditions. ING Bank agrees that external accountants Ernst & Young shall verify that controls and procedures that shall be in place upon such change in administrative and operational changes are at adequate
levels reasonably acceptable to the State. Agreements to be entered into with third parties to effect such changes shall be consistent with the terms of this Agreement, including without limitation the relevant terms of Schedule 7, and with the
terms of the Security Documents. 

  

	8.	PAYMENTS 

  

	8.1	Place 

  

	(a)	All payments made under this Agreement (for the avoidance of doubt, excluding those under the Registered Bonds) by the State, ING Bank or ING Group will be made directly
from the relevant payor to the relevant payee. 

 Payments made by or on behalf of the State into the relevant account
notified in writing by ING Bank and ING Groep, respectively, will be valid (bevrijdend) and the State will be fully discharged (gekweten) from the relevant payment obligation upon payment to ING Bank or ING Groep, as the case may be,
into such account. Payments by or on behalf of an ING Party to the State will be valid (bevrijdend) and constitute full discharge (kwijting) from the relevant payment obligation only upon

  
 26 

 
actual receipt by the State into such account held in the name of the State as designated by the State (which account will at Closing be a US Dollar account with Citi in New York, NY, USA,
account number: 36916029, account name: Dutch State Treasury Agency Mortgages). If the State so directs by not less than three (3) Business Days prior written notice to ING Bank, payments made by ING Groep or ING Bank or any other person other
than the State owing to the State shall not be made into the account mentioned in above but shall be made directly into such account held in the name of the State as designated by the State. 

 

	(b)	Bank accounts may be changed by any Party in writing and with not less than five (5) Business Days’ prior notice. 

 

	8.2	Taxes 

  

	(a)	With respect to the payment of any funds or other property under this Agreement, (i) the Party required to deliver such payment may withhold therefrom any tax
required by law to be withheld, and such withheld amount shall be treated as having been delivered by such Party in accordance with any requirements imposed under this Agreement, and (ii) the Party withholding such tax from such payment will
deliver the withheld amount to the appropriate taxing authority in a timely and proper fashion. 

  

	(b)	The Party required to deliver such payment shall use its reasonable endeavours to avoid the imposition of a withholding tax on such payment or to reduce as much as
possible the imposition of a withholding tax on such payment if and to the extent permitted by applicable law. 

  

	(c)	If a withholding of tax is made in respect of any payment and the Party receiving the payment takes the view that it is entitled to a full or partial refund of such tax
withheld, then the Party making the payment shall be required to provide its full assistance to the other Party with respect to its claim for a refund of the tax withheld. 

 

	(d)	The Parties agree that all fees payable under this Agreement are exclusive of and exempt from VAT. 

 

	8.3	Interest on overdue amounts 

  

	(a)	If an ING Party fails to pay any amount payable by it under this Agreement, it must immediately on demand by the State pay interest on the overdue amount from its due date
up to, but not including, the date of actual payment, both before, on and after judgment. 

  

	(b)	The interest margin on an overdue amount is payable in respect of each day on which an amount due and payable by ING Bank hereunder remains outstanding, and will be equal
to one per cent. (1%) per annum above the Effective Federal Funds Rate on each day on which such amount remains outstanding. For this purpose: 

  

	 	(i)	each day on which such amount remains outstanding shall be a Reset Date; and 

  

	 	(ii)	interest (if unpaid) on an overdue amount will be compounded daily up to, but not including, the date of actual payment with that overdue amount and will remain
immediately due and payable. 

  

	8.4	Funds 

 Payments under this
Agreement must be made for value on the due date at such times and in such funds as is customary at the time for the settlement of transactions in that currency in the place for payment. 

  
 27 

	8.5	Currency 

  

	(a)	Amounts payable in respect of taxes, fees, costs and expenses are payable in the currency in which they are incurred. 

 

	(b)	Each other amount payable under the Transaction Documents is payable in USD. 

  

	8.6	Business Days 

 Unless this
Agreement provides otherwise, if a payment under the Transaction Documents is due on a day which is not a Business Day, the due date for that payment will instead be the next Business Day in the same calendar month (if there is one) or the preceding
Business Day (if there is not). 
  

	8.7	Timing of payments 

 If this
Agreement does not provide for when a particular payment is due, that payment will be due within three (3) Business Days of demand by the payee. 
  

	9.	REPRESENTATIONS AND WARRANTIES 

  

	9.1	Representations and warranties 

The representations and warranties set out in this Clause 9.1 are made by each ING Party to the State and, where the representation and/or
warranty is expressed to apply to any other member of the Group, ING Bank must ensure that such member of the Group ensures that such representation and/or warranty is true accurate in all respect on each day on which such representation and
warranty is deemed to be repeated by ING Bank. 
 Unless a representation and warranty is expressed to be given at a specific date,
each representation and warranty is deemed to be repeated by the ING Parties on each day from and including the Closing Date to and including the day on which all payment obligations arising from this Agreement are paid in full. 

 

	9.2	Representations – General 

  

	(a)	Status 

  

	 	(i)	Each of the ING Parties is duly incorporated and validly existing under the laws of the Netherlands. 

 

	 	(ii)	Each ING Party has the power to carry on its business as it is being conducted. 

 

	 	(iii)	ING Bank has the power to own its assets and carry on its business as it is being conducted. 

 

	(b)	Power and authority 

 Each ING
Party has the power to enter into and perform, and has taken all necessary action to authorise the entry into, execution and performance of, the Transaction Documents to which it is or will be a party and the transactions contemplated by those
Transaction Documents. 
  

	(c)	Authorisations 

 All
authorisations required by each ING Party in connection with the entry into, performance, validity and enforceability of, and the transactions contemplated by, the Transaction Documents have been obtained or effected (as appropriate) and are in full
force and effect. 

  
 28 

	(d)	Due execution, legal validity 

Each Transaction Document has been, or will be, duly executed, and to the extent applicable, delivered by each ING Party which is a party
thereto, and constitutes a valid and binding agreement of such ING Party, enforceable against such ING Party in accordance with its terms, subject to bankruptcy, insolvency, rehabilitation, liquidation, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
  

	(e)	Non-conflict 

 The execution,
delivery and performance of the Transaction Documents to which it is a party does not, and the consummation of the transactions contemplated thereby will not, constitute or result in (i) a breach or violation of, or a default under, the
governing documents of such ING Party or (ii) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) or default under, the creation or acceleration of any obligations under or the
creation of an Encumbrance on any of the assets of such ING Party or another material member of the Group pursuant to any agreement, lease, license, contract, Bond, mortgage, indenture, arrangement or other obligation binding upon such ING Party or
other member of the Group, except, in the case of Subclause (ii) above, for any such breach, violation, termination, default, creation or acceleration that would not have a Material Adverse Effect. 

 

	(f)	No Violation 

 The execution
and, to the extent applicable, delivery of the Transaction Documents to which it is a party and the performance of the transactions contemplated thereby by each ING Party will not violate or result in a breach of or constitute a default under any
law, statute, ordinance, rule, regulation, code, order, judgment, injunction or decree to which such party is subject, except for violations, breaches or defaults that, individually or in the aggregate that would not have a Material Adverse Effect.

  

	(g)	No Default 

 No Event of Default
under this Agreement has occurred and is continuing and, to the best of each ING Party’s knowledge, no status or condition exists which, with the giving of notice or the passage of time or both, would constitute an Event of Default under this
Agreement. 
  

	(h)	Litigation 

 No litigation,
arbitration or administrative proceedings against any member of the Group has been started or, to the best of its knowledge, threatened, which have or, if adversely determined, are reasonably likely to have a Material Adverse Effect. 

 

	(i)	No Filing or Stamp Duty 

 In
order to ensure the legality, validity, enforceability or admissibility into evidence of the Transaction Documents (excluding the US Security Agreement and the 2012 Deed of Disclosed Pledge), such Transaction Documents (excluding the US Security
Agreement and the 2012 Deed of Disclosed Pledge) do not need to be filed or recorded with any court or other authority in the Netherlands or the United States, nor does any stamp or similar tax need to be paid in the Netherlands or the United States
on or in respect of the Transaction Documents. 
  

	(j)	Ranking of obligations 

  
 29 

 Each ING Party’s payment obligations under the Transaction Documents shall at all times
rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily preferred by law applying to companies or financial institutions generally. 

 

	(k)	Ranking of security 

 The
security created pursuant to the US Security Agreement and/or the 2012 Deed of Disclosed Pledge creates a first ranking or first and sequentially lower ranking security right over the assets described therein in favour of the State. 

 

	(l)	Information Accurate 

  

	 	(i)	All information (other than the Description of Securities which is covered by Clause 9.3(e)) supplied by or on behalf of an ING Party to the State in connection with the
Transaction Documents is true and accurate in all material respects as at its date or (if appropriate) as at the date (if any) at which it is stated to be given; and 

 

	 	(ii)	it has not omitted to supply any information which, if disclosed, might make the information supplied untrue or misleading in any material respect.

  

	(m)	Securities 

 The Securities
listed in Schedule 2 to this Agreement comprise 80% of the Securities referred to in Schedule 2 of the Facility Agreements with respect to the US Companies (other than ING Bank, fsb) and 100% of the Securities referred to in Schedule 2 of the
Facility Agreement with respect to ING Bank, fsb, in each case immediately prior to the amendment effectuated on the Universal Completion Date and the Securities are and will remain to be recorded and administered in the Account as defined in the
relevant Account Control Agreement subject to any divestment in accordance with this Agreement. 
  

	9.3	Representations and Warranties Securities 

  

	(a)	Ownership of the Securities 

ING Bank Owns the Securities and has good and valid title to the Securities and each Security is capable of being sold and assigned without
restrictions (other than pursuant to generally applicable laws on securities trading). 
  

	(b)	Absence of encumbrances 

 Other
than a Permitted Encumbrance, the Securities are free and clear of any Encumbrances and attachments and no rights have been granted in favour of any third party with regard to the acquisition or Encumbrances in respect of the Securities. 

 

	(c)	Legal and valid obligations of Obligors 

  

	 	(i)	In the case of Securities that are debt securities, such Securities are legal, valid and binding obligations of the Obligors enforceable against the Obligors in accordance
with their terms, and 

  

	 	(ii)	in the case of Securities that are not debt securities, such Securities have been validly issued and are entitled to the benefits of the trust agreement or other
constituent documents under which such Securities have been issued, 

  
 30 

 subject in each case to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
  

	(d)	No breach of obligations by Obligors 

 As of the Cut-off Date, (i) no Obligor has breached any obligation binding on it in accordance with the terms and conditions of any of the Securities and (ii) no event of default has occurred with
respect to any of the Securities (as defined in the relevant terms and conditions of the Securities) except such defaults or breaches that are the result of circumstances or events that constitute a credit risk within the meaning of IFRS 7, appendix
A. For the avoidance of doubt, this representation shall be given as of 31 March 2009 and shall not be deemed to be repeated at any other date. 
  

	(e)	Correctness of Description of Securities 

 The information set forth on the Description of Securities is true and correct in all material respects as of the Cut-off Date or such other date as may be indicated in such description and none of the
Securities are defective so as to result in payments under the Securities not being made when due and payable as a result of circumstances or events that would not constitute a credit risk within the meaning of IFRS 7, Appendix A. 

 

	10.	COVENANTS 

  

	10.1	General 

 Each of ING Groep and
ING Bank agrees to be bound by the covenants set out in this Clause relating to it and, where the covenant is expressed to apply to any other member of the Group, ING Groep and ING Bank must ensure that such entity performs that covenant.

  

	10.2	Prudent investor 

 ING Bank
will, other than when acting on instructions from the State pursuant to this Agreement or otherwise complying with obligations under this Agreement, exercise its respective rights and discretions under the Securities in the same manner as a prudent
and diligent investor in the Securities acting for its own risk and account would do assuming no participation or guarantee or similar arrangement existed. Each ING Party shall ensure that ING Bank shall not take any action in relation to the
Securities that is inconsistent with the provisions of this Clause 10.2. 
  

	10.3	Pari passu ranking 

 Each of ING
Groep and ING Bank must ensure that its payment obligations under the Transaction Documents at all times rank at least pari passu with all its other present and future unsecured payment obligations, except for obligations mandatorily
preferred by law applying to companies or financial institutions generally. 
  

	10.4	Supporting Dutch lending business 

 ING Groep undertakes to support the growth of the Dutch lending to corporates and consumers (including mortgages) for an amount of EUR 25 billion, on market conforming terms. 

 

	10.5	Dutch Guarantee Scheme 

 ING
Groep will (or will cause ING Bank to) pro-actively use EUR 10 billion of the Dutch Guarantee Scheme over 2009. 

  
 31 

	10.6	Maintaining PIN payment system 

ING Groep covenants that the Group will maintain the Dutch payment system PIN on its payment debit cards as long as other market
participants, representing a substantial market share in the Netherlands, are still making use of this payment system. 
  

	10.7	Notification of Default and breach of representations, warranties and covenants 

Each ING Party must notify the State (with a copy to the other Parties) of (a) any Default and/or (b) any breach of any
representation, warranty or covenant provided under this Agreement (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless such ING Party is aware that the State has already been informed).

  

	10.8	State Aid Requirements 

 If and
to the extent the State is subjected to requirements (collectively: State Aid Requirements) by the European Commission (or any agency thereof) or as otherwise legally required or by virtue of the application of any applicable statute
implementing Article 87 of the 1957 Treaty of Rome to amend this Agreement or to take other action with respect to the transactions contemplated by this Agreement, the parties shall convene and negotiate in good faith whether and if so how the terms
of this agreement can to the satisfaction of the Parties be amended to accommodate the State Aid Requirements, provided always that: 
  

	 	(a)	the State shall under no circumstances be required to accept amendments which in the opinion of the State result or may result in an increased economic or legal exposure
of the State under the transactions concerned; and 

  

	 	(b)	compliance with State Aid Requirements shall be fully for the risk and account of the ING Parties and consequently the State shall not be responsible or liable for any
costs, damages, claims or losses that any of the ING Parties may incur in connection with State Aid Requirements or amendments made or actions taken as a consequence thereof. 

The State undertakes not to accept or propose State Aid Requirements without prior consultation with ING Groep. ING Groep is entitled, if so
permitted by the EU Commission, to participate in discussions between the State (or State Agency) and the EU Commission concerning or relating to State Aid Requirements. To the extent ING Groep is not participating in such
discussions, the State will keep ING Groep fully informed thereof. 
  

	11.	GOVERNANCE 

  

	11.1	Each of the ING Parties agrees that: 

  

	 	(a)	the governance and remuneration clauses as set out in schedule 3 to the Securities Agreement will apply equally for the duration of this Agreement, irrespective of the
duration of the Securities Agreement (and such schedule is deemed to be repeated and incorporated by reference herein); 

  

	 	(b)	the executive board of ING Groep shall forego all bonuses and entitlements to bonuses (including to monetary payments, options shares and other equivalent remuneration)
payable in and/or calculated with reference to performance in 2009 and for all subsequent years until such time as the supervisory board of ING Groep has adopted and approved a remuneration policy in accordance with the provisions of the Securities
Agreement (the New Remuneration Policy); 

  
 32 

	 	(c)	ING Groep will continue pro-actively to cooperate to deliver positive communication on the foregoing of bonuses (both intra-Group and externally);

  

	 	(d)	any New Remuneration Policy will include objectives relating to corporate and social responsibility; and 

 

	 	(e)	the appointment of any new chief executive officer of the executive board of ING Groep shall not be made without the prior written approval of the State nominee (acting in
its sole and absolute discretion). 

  

	11.2	Without limitation of Clause 11.1 and for the avoidance of doubt, ING Groep confirms it will cooperate with the implementation of and comply with the
arrangements laid down or arising from the agreement reached between the Dutch financial sector and the Minister of Finance dated 30 March 2009 as laid down in the document “verklaring van de financiële sector en de
minister van Financiën”. 

  

	12.	DEFAULT 

  

	12.1	Events of Default 

  

	(a)	The occurrence of any of the events or circumstances set out in this Clause 12.1 and notification thereof to ING Bank whilst the same is outstanding (other than 12.1(b),
which does not need to still be outstanding when the notification is given) to each ING Party constitutes an Event of Default. 

  

	(b)	Non-payment 

 ING Bank (or
another party on its behalf) or ING Groep does not pay on the due date any amount payable by it under (i) this Agreement in the manner required under this Agreement or (ii) under the Guarantee Agreement, unless the non-payment: 

 

	 	(i)	is caused by technical or administrative error and is remedied within three (3) Business Days of the due date; or 

 

	 	(ii)	is caused by a Disruption Event and is remedied within three (3) Business Days after the Disruption Event has ended. 

 

	(c)	Breach of other obligations 

 An
ING Party does not comply with any term of the Transaction Documents (other than any term referred to in Clause 12.1(b) (Non-payment)) unless the non-compliance: 
  

	 	(i)	is capable of remedy; and 

  

	 	(ii)	is remedied within ten (10) Business Days of the earlier of the State giving notice of the failure to comply to the relevant ING Party and such ING Party becoming
aware of the non-compliance. 

  

	(d)	Misrepresentation 

 A
representation or warranty under Clause 9 (Representations and Warranties) made or deemed to be repeated by an ING Party in any Transaction Document or in any document delivered by or on behalf of an ING Party under any Transaction Document is
incorrect or misleading in any material respect when made or deemed to be repeated. Provided that in the event of a representation or warranty under Subclause 9.3 being incorrect or misleading this event will constitute an Event of Default only
where the State determines, in its sole and absolute discretion, that this event relates to 

  
 33 

 
a material number of Securities (and, for the avoidance of doubt, if this event does not relate to a material number of Securities as so determined by the State, the State may exercise its
indemnity rights under Clause 17.1(c)). 
  

	(e)	Insolvency 

 Any of the
following occurs in respect of an ING Party: 
  

	 	(i)	it is, or is deemed for the purposes of any applicable law to be, unable to pay its debts as they fall due or insolvent; 

 

	 	(ii)	it admits its inability to pay its debts as they fall due; or 

  

	 	(iii)	it suspends making payments on any of its debts or announces an intention to do so by reason of anticipated financial difficulties, except where such suspension is
permitted by the instrument under which such debt is issued. 

  

	(f)	Insolvency proceedings 

  

	 	(i)	Except as provided below, any of the following occurs in respect of an ING Party: 

 

	 	(A)	any step is taken by its management board with a view to the suspension of payments, a moratorium or a composition, compromise, assignment or similar arrangement with any
of its creditors; 

  

	 	(B)	a meeting of its shareholders, directors or other officers is convened for the purpose of considering any resolution for, to petition for or to file documents with a court
or any registrar for, its winding-up, administration or dissolution or any such resolution is passed (provided that if a meeting of shareholders is convened by shareholders who represent no more than 0.1% of the outstanding voting shares of the
entity concerned and whose motives are manifestly frivolous this will not constitute an Event of Default); 

  

	 	(C)	any person presents a petition, or files documents with a court or any registrar, for its winding-up, administration or dissolution; 

 

	 	(D)	any security interest is enforced (uitwinnen) over any of its material assets; 

 

	 	(E)	an order for its winding-up, administration, dissolution or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) is made;

  

	 	(F)	any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, administrative receiver, administrator or similar officer is appointed in respect
of it or any of its assets; 

  

	 	(G)	its shareholders, directors or other officers request the appointment of, or give notice of their intention to appoint, a liquidator, trustee in bankruptcy, judicial
custodian, compulsory manager, receiver, administrative receiver, administrator or similar officer (provided that if such request is made by shareholders who represent no more than 0.1% of the outstanding voting shares of the entity concerned and
whose motives are manifestly frivolous this will not constitute an Event of Default); or 

  

	 	(H)	any other analogous step or procedure is taken in any jurisdiction. 

  
 34 

	 	(ii)	Paragraph (i) above does not apply to: 

  

	 	(A)	any step or procedure which is part of a Permitted Transaction; or 

  

	 	(B)	any petition for bankruptcy, insolvency, or winding-up, administration or dissolution or other occurrence as described in paragraph (i)(B) above that (I) is being
contested in good faith and with due diligence or (II) is discharged or struck out within thirty days. 

  

	(g)	Effectiveness of Transaction Documents 

  

	 	(i)	It is or becomes unlawful for an ING Party to perform any of its obligations under the Transaction Documents to which it is a party. 

 

	 	(ii)	Any Transaction Document (other than the 2012 Deed of Disclosed Pledge) is not effective in accordance with its terms or is alleged by an ING Party to be ineffective in
accordance with its terms for any reason. 

  

	 	(iii)	An ING Party disaffirms, disclaims, repudiates, rejects or rescinds a Transaction Document or evidences an intention to disaffirm, disclaim, repudiate, reject or rescind
repudiate a Transaction Document. 

  

	12.2	Collecting (innen) of Pledged Assets 

 The State will in its capacity as security holder, have the right in its discretion to notify Bank of New York Mellon and collect (innen) and recover (verhalen) amounts under the Securities
from Bank of New York Mellon in accordance with the provisions of the US Security Agreement and the 2012 Deed of Disclosed Pledge. 
  

	12.3	Acceleration 

 If following the
occurrence of an Event of Default and notification thereof to Bank of New York Mellon, (a) the State, for whatever reason other than as a consequence of (i) a cooling-off period (afkoelingsperiode) in respect of an ING Party, or
(ii) Bank of New York Mellon’s or an ING Party’s non-payment of amounts as a result of any automatic stay or injunction or action prohibiting such payments as a result of its insolvency, bankruptcy, receivership, rehabilitation,
liquidation or conservatorship, (provided that such stay, injunction or action is being contested in good faith) does not receive a State Entitlement timely and/or in full when due under this Agreement or (b) the State is requested by the
liquidator of ING Bank to sell the Pledged Assets (an Acceleration Event), the State will have the right, by notice to ING Bank (with a copy to ING Groep), to demand payment of the Fair Market Value from ING Bank in accordance with Clause
12.4. For the avoidance of doubt an Acceleration Event is not triggered if ING Bank does not timely pay any Guarantee Fee (including interest thereon payable pursuant to Clause 8.3). 

 

	12.4	Determination and payment of the Fair Market Value 

  

	(a)	Upon the occurrence of an Acceleration Event (other than caused by a failure by ING Bank to timely pay any Guarantee Fee (including interest thereon payable pursuant to
Clause 8.3) and the State exercising its right pursuant to Clause 12.3 above, the State will cause the Fair Market Value of the Securities to be determined in accordance with the following procedure: 

 

	 	(i)	 within ten (10) Dutch Business Days (or as soon as reasonably practicable thereafter) the State, (A) at the costs of ING Bank, will appoint
three Valuation Agents and shall instruct the same to determine the IFRS Fair Market Value of the Securities within twenty (20)

  
 35 

	 	
Dutch Business Days of such appointment or as soon as is reasonably practicable thereafter, and (B) shall designate two of the Valuation Agents as primary Valuation Agents;

  

	 	(ii)	if (A) the difference between the valuations by the primary Valuation Agents of the Fair Market Value of the Securities is ten per cent. (10%) or less,
(calculated as (the difference between the valuation of the primary Valuation Agents)/(average of such valuations)) the Fair Market Value of the Securities shall be the average of such two valuations, and the third expert valuation will be
disregarded; if (B) such difference is greater than ten per cent. (10%) then the Fair Market Value of the Securities should be the average between the third expert valuation and the valuation of the Valuation Agent from the other two that
is the closest to the third expert valuation (if the differential is identical, the Fair Market Value of the Securities will be the average of the three). 

  

	(b)	The State will forthwith inform the ING Parties in writing of the Fair Market Value. 

 

	(c)	The Fair Market Value will be due and payable five (5) Dutch Business Days from the date of the receipt of notification referred to in Clause 12.4(b). For the
avoidance of doubt, the State has the right but not the obligation to pay a Prepayment Amount on such date without prior notification. 

 Until the Fair Market Value has become due and payable, ING Bank remains obliged to pay the State Entitlements in accordance with Clause 5 (Payments by ING Bank) and the Fair Market Value will be reduced
with amounts received by the State as State Entitlements after the date as of which the Fair Market Value was determined. 
  

	(d)	The right of the State to receive payments from ING Bank, including the Fair Market Value shall not affect the payment obligations of the State pursuant to this Agreement
and shall be without prejudice to any other action and remedies afforded to the State under Dutch statutory law and this Agreement as a result of any non-payment by ING Bank when due including the statutory right to suspend payments
(opschortingsrecht) or its statutory right of set off (verrekening) in respect of its own payment obligations under this Agreement. 

  

	13.	CONDITIONS TO PAYMENT 

  

	13.1	The State’s obligation to pay any amounts due and payable under this Agreement (up to an aggregate amount equal to the Fair Market Value) at a time when the
Fair Market Value has become due and payable shall be subject to the condition that payment has been made by or on behalf of ING Bank to the State of the Fair Market Value. 

 

	13.2	The State’s obligation to pay the Management Fee when due and payable under this Agreement (up to an amount equal to any due and payable but unpaid
Guarantee Fees) shall be subject to the condition that payment has been made by or on behalf of ING Bank of the Guarantee Fee. 

  

	14.	SET-OFF AND SUSPENSION RIGHTS 

  

	14.1	The State agrees not to use its Dutch statutory set-off rights in respect of any claim on any ING Party which the State may have which does not derive from or in
connection with this Agreement The State agrees not to use its Dutch statutory set-off rights in respect of any claim on any ING Party which the State may have which derives from or in connection with this Agreement, unless:

  

	 	(a)	the Fair Market Value has become due and payable; or 

  

	 	(b)	the State does not receive any instalment of the Guarantee Fee when due and payable in which case the State shall exercise its right of set-off to the extent such
Guarantee Fee instalment has not been received. 

  
 36 

	14.2	The State is only entitled to use its suspension rights against an ING Party if the State does not receive a State Entitlement timely and/or in full when due and
payable to it under this Agreement as a consequence of (a) a cooling-off period (afkoelingsperiode) in respect of ING Bank, or ING Groep, as the case may be. 

 

	15.	FUNDING BENEFIT COMPENSATION 

  

	15.1	Undertaking to pay 

  

	(a)	In connection with the issue of the Registered Bonds, ING Groep shall pay to the State an amount equal to: 

 

	 	(i)	on the State Payment Date immediately after the State Funding Fee Calculation Period in which the date falls on which the Registered Bonds as referred to in Clause 4.6(a)
have been issued to ING Bank or any of its wholly owned affiliates (the Payment Amendment Agreement Effective Date), the sum calculated in accordance with clause 2.3(a) of the (no longer applying) Payment Agreement;

  

	 	(ii)	on any subsequent State Payment Date until but excluding the State Payment Date referred to in paragraph (iii) hereafter, the sum calculated in accordance with clause
2.3(b) of the (no longer applying) Payment Agreement; 

  

	 	(iii)	on the State Payment Date immediately after the State Funding Fee Calculation Period in which the date falls on which the Further Issue Registered Bonds have been issued
to ING Bank or any of its wholly owned affiliates (the Amended Funding Benefit Effective Date) the sum of: 

  

									
		 		 	(A)	 	I.	  	25 basis points (0.25%) of the Floating Rate Securities Guaranteed Value (as defined in the (no longer applying) Payment Agreement) (for the determination of which it is assumed no
Registered Notes have been issued), on the Calculation Day in respect of such State Payment Date, calculated over the period from and including the Calculation Day to but excluding the Amended Funding Benefit Effective Date, calculated on the basis
of the Day Count Fraction; and
					
		 		 		 	lI.	  	25 basis points (0.25%) of the Floating Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day in
respect of such State Payment Date, calculated over the period from and including the Amended Funding Benefit Effective Date to but excluding the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th
calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), calculated on the basis of the Day
Count Fraction; and
					
		 		 	(B)	 	I.	  	25 basis points (0.25%) of the Fixed Rate Securities Guaranteed Value (as defined in the (no longer applying) Payment Agreement) (for the determination of which it is assumed no
Registered Notes have been issued), on the Calculation Day in respect of such State Payment Date, calculated over the period from and including the Calculation Day to but excluding the Amended Funding Benefit Effective Date, calculated on the basis
of the Day Count Fraction; and

  
 37 

									
		 		 		 	II.	  	25 basis points (0.25%) of the Fixed Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the Calculation Day
in respect of such State Payment Date, calculated over the period from and including the Amended Funding Benefit Effective Date to but excluding the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th
calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), calculated on the basis of the Day
Count Fraction;

  

	 	(iv)	and on any subsequent State Payment Date, the sum of: 

  

	 	(A)	25 basis points (0.25%) of the Floating Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the
Calculation Day, calculated over the State Funding Fee Calculation Period, calculated on the basis of the Day Count Fraction; and 

  

	 	(B)	25 basis points (0.25%) of the Fixed Rate Securities Guaranteed Value (for the determination of which it is assumed no Registered Notes have been issued), on the
Calculation Day, calculated over the State Funding Fee Calculation Period, calculated on the basis of the Day Count Fraction; 

 in each of the four cases referred to in Clause 15.1(a)(i) through (iv) (inclusive) above, increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt
applying compound interest (dagelijkse oprenting)) over the relevant amount calculated over the period from and including the 25th calendar day of the month immediately prior to the relevant State Payment Date (or if the 25th calendar day is
not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day) to but excluding the relevant State Payment Date,
provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State
Payment Date; 
  

	(b)	In connection with the issue of the Registered Bonds, ING Bank shall on the State Payment Date falling in February of each year starting in 2013 pay to the State the
Excess Funding Benefit Amount (as defined below) in respect of the period from and including the 25th calendar day of January in the preceding year (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it
would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day) to but excluding the 25th calendar day of January immediately prior to the relevant State Payment Date (or if the 25th
calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), increased with a gross up amount
representing the Effective Federal Funds Rate (for the avoidance of doubt applying compound interest (dagelijkse oprenting)) over such amount calculated over the period from and including the 25th calendar day of January immediately prior to
the relevant State Payment Date (or if the 25th calendar day is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next calendar month, in which event the relevant date shall be the immediately preceding
Business Day) to (but excluding) the relevant State Payment Date provided that the Effective Federal Funds Rate applicable to the period starting five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate
which is published on the fifth Business Day prior to such State Payment Date; 

 except that the first Excess Funding
Benefit Amount payable on the State Payment Date falling in February 2013 shall be calculated over the period starting and including the Payment Amendment 

  
 38 

 
Agreement Effective Date up to but excluding the 25 January 2013 (or if the 25 January 2013 day is not a Business Day, the next day which is a Business Day unless it would thereby fall
in the next calendar month, in which event the relevant date shall be the immediately preceding Business Day), increased with a gross up amount representing the Effective Federal Funds Rate (for the avoidance of doubt applying compound interest
(dagelijkse oprenting)) over such amount calculated over the period from and including the 25 January 2013 (or if the 25 January is not a Business Day, the next day which is a Business Day unless it would thereby fall in the next
calendar month, in which event the relevant date shall be the immediately preceding Business Day) to (but excluding) the State Payment Date falling in February 2013 provided that the Effective Federal Funds Rate applicable to the period starting
five Business Days prior to the relevant State Payment Date will be the Effective Federal Funds Rate which is published on the fifth Business Day prior to such State Payment Date. 

Excess Funding Benefit Amount means the amount calculated on the basis of the procedure attached hereto as Schedule 8 (as amended from
time to time). 
  

	(c)	ING Groep shall procure that each yearly assurance report of an external auditor referred to in Clause 7.6 will confirm the correctness of the calculation of the
Excess Funding Benefit Amount paid on the State Payment Date falling in that year. 

  

	15.2	Calculation and payment 

  

	 	(a)	ING Groep shall calculate all amounts contemplated in Clause 15.1 above to be paid on each State Payment Date (the Additional Amounts Calculation) and notify the
State of such amount at least five Business Days prior to the relevant State Payment Date. Where the State disputes the Additional Amounts Calculation, which dispute cannot be resolved within twenty-four (24) hours, then the parties shall
forthwith jointly appoint an independent third party investment bank (the Additional Amounts Calculation Agent) to perform the relevant Additional Amounts Calculation. The determination of the Additional Amounts Calculation Agent shall be
final and binding absent manifest error. The Parties shall give all reasonable cooperation to the Additional Amounts Calculation Agent in order to permit the Additional Amounts Calculation Agent to perform its task diligently and expediently.
The reasonable fees and other costs of the Additional Amounts Calculation Agent shall be borne by ING Groep. 

  

	 	(b)	ING Groep shall pay all amounts due under Clause 15.1 as early as possible, but in any event no later than noon (New York City time), on the relevant State Payment Date,
to such bank account as may be specified by the State from time to time for that purpose. 

  

	16.	EVIDENCE 

  

	16.1	Accounts 

 Accounts maintained
by the State in connection with this Agreement are prima facie evidence of the matters to which they relate for the purpose of any litigation or arbitration proceedings. 

 

	16.2	Certificates and determinations 

Any certification or determination by the State of a rate or amount under this Agreement will be, in the absence of manifest error,
conclusive evidence of the matters to which it relates. 
  

	17.	INDEMNITIES 

  

	17.1	Each ING Party must fully indemnify the State and its officers, employees and agents against any claim, loss, liability, damage or cost which the State or any of
its officers, employees and/or agents incurs as a consequence of: 

  
 39 

	 	(a)	the entering into by the State of any Transaction Document, and the exercise and performance by the State of its rights and obligations thereunder unless pursuant to the
express provisions of any Transaction Document such amounts are stipulated to be borne by the State; 

  

	 	(b)	the occurrence of any Event of Default; 

  

	 	(c)	any breach of the representations and warranties under Clause 9.3 (Representations and Warranties Securities); 

 

	 	(d)	any failure by ING Bank to pay any amount due under this Agreement on its due date; 

 

	 	(e)	any violation by any ING Party of any laws or regulations applicable to it (other than the laws and regulations of the Netherlands) in the course of the implementation of
this Agreement; 

  

	 	(f)	investigating any event which the State reasonably believes to be a Default; 

  

	 	(g)	acting or relying on any notice from any ING Party which the State reasonably believes to be genuine, correct and appropriately authorised; or 

 

	 	(h)	any State Aid Requirement; 

 provided
that the State agrees that there shall be no indemnity for losses under this Clause 17 or under Clause 18 (Expenses) where another remedy against ING Bank is expressly provided under this Agreement. 

 

	17.2	ING Bank’s liability in each case includes any loss or expense on account of funds borrowed, contracted for or utilised by the State to fund any amount payable
under this Agreement (for the avoidance of doubt other than amounts payable by the State pursuant to Clause 4 (Payments by the State)). 

  

	18.	EXPENSES 

  

	18.1	Initial costs 

 Within thirty
(30) calendar days from the date of a demand to that effect (accompanied by documentation thereof) ING Bank must pay to the State the amount of all costs and expenses (including external advisors) incurred by it in connection with the
negotiation, preparation, printing and execution of the Transaction Documents on or prior to the Closing Date. 
  

	18.2	Subsequent costs 

 Within thirty
(30) calendar days from the date of a demand to that effect (accompanied by documentation thereof) ING Bank must pay to the State the amount of all costs and expenses (including external advisors) incurred by it in connection with: 

 

	 	(a)	the negotiation, preparation, printing and execution of any Transaction Document entered into after the Closing Date; 

 

	 	(b)	any amendment, waiver or consent requested by or on behalf of an ING Party or specifically allowed by a Transaction Document; 

 

	 	(c)	the costs of external advisors incurred by the State in connection with this Agreement; 

  
 40 

	 	(d)	the fees, costs and expenses incurred in connection with the Bonds (both the issue and ongoing fees, costs and expenses but for the avoidance of doubt other than the
payment obligations under the Bonds themselves) 

 Each Party will notify the other Parties prior to retaining
external advisors with respect to the transactions contemplated by the Transaction Documents and such advisors must be bound by appropriate confidentiality agreements. 
  

	18.3	Enforcement costs 

 Within
thirty (30) calendar days from the date of a demand to that effect ING Bank must pay to the State the amount of all costs and expenses (including legal fees) incurred by it in connection with the enforcement of, or the preservation of any
rights under, any Transaction Document. 
  

	19.	AMENDMENTS AND WAIVERS 

 Any
term of this Agreement may be amended or waived in writing with the agreement of all Parties hereto. ING Bank shall not effectuate or consent to any amendment of a Transaction Document without prior consent of the State, such consent not to be
unreasonably withheld. 
 ING Bank shall in good faith consult with the State before agreeing to or proposing any material changes
to the Servicing Agreement or Custody Agreement and shall take into account any objections of the State before agreeing to any such change. 
  

	20.	CHANGES TO THE PARTIES 

  

	20.1	Assignments, transfers and pledges by ING Bank 

 The rights against the State under this Agreement may not be assigned or transferred without the prior written consent of the State, provided that, for the avoidance of doubt, ING Bank or ING Groep or any
other wholly owned affiliates of ING Bank may transfer the Registered Bonds in accordance with Clause 4.6(f) hereof. 
  

	20.2	Assignments and transfers by the State 

 The State may at any time assign or transfer any of its rights (in whole or in part), but not its obligations, under this Agreement to any other party with the consent of the ING Parties, such consent not to
be unreasonably withheld. 
  

	21.	COUNTERPARTS 

 This Agreement
may be executed in any number of counterparts. This has the same effect as if the signatures on the counterparts were on a single copy of this Agreement. 
  

	22.	NOTICES 

  

	22.1	In writing 

 Any communication
in connection with this Agreement must be in writing and, unless otherwise stated, may be given in person, by post, by fax or by email or other electronic communication. 

 

	22.2	Contact details 

  

	(a)	The contact details of the ING Parties for this purpose are: 

 Amstelveenseweg 500 

  
 41 

			
	Loc. IH 04.356 1081 KL Amsterdam

The Netherlands

		
	Attention:	  	Jan-Willem Vink, General Counsel
	Email:	  	jan-willem.vink@ing.com
	Fax:	  	+31 (0)-20-541-8723

  

	(b)	The contact details of the State for this purpose are: 

 Staat der Nederlanden 
 Ministerie van Financiën 

P.O Box 20201 
 2500 EE
The Hague 
 The Netherlands 
  

			
	Attention:	  	Head of the Participations Department of the Ministry of Finance
	Telephone:	  	+31 70 342 7852
	Fax:	  	+31 70 342 7933

 and 
  

			
	Attention:	  	Head Public Debt Administration
	Telephone:	  	+31 70 342 8011
	Fax:	  	+31 70 342 7891

  

	(c)	Each Party may change their contact details by giving five (5) Business Days’ notice to the other Parties. 

 

	22.3	Effectiveness 

  

	(a)	Except as provided below, any communication in connection with this Agreement will be deemed to be given as follows: 

 

	 	(i)	if delivered in person, at the time of delivery; 

  

	 	(ii)	if posted, five (5) Business Days after being deposited in the post, postage prepaid, in a correctly addressed envelope; 

 

	 	(iii)	if by fax, when received in legible form; and 

  

	 	(iv)	if by email or any other electronic communication, when received in legible form. 

 

	(b)	A communication given under paragraph (a) above but received on a non-working day or after business hours in the place of receipt will only be deemed to be given on
the next working day in that place. 

  

	23.	LANGUAGE 

  

	23.1	Any notice given in connection with this Agreement must be in English. 

 

	23.2	Any other document provided in connection with this Agreement must be: 

 

	 	(a)	in English; or 

  
 42 

	 	(b)	(unless the State otherwise agrees) accompanied by a certified English translation. In this case, the English translation prevails unless the document is a statutory or
other official document. 

  

	24.	WAIVER 

  

	(a)	Each Party (other than the State) irrevocably waives any right it may have at any time to suspend (opschorten) any obligation under this Agreement under sections
6:52, 6:262 and 6:263 of the Dutch Civil Code or any other applicable law; or 

  

	(b)	Each Party irrevocably waives any right it may have at any time to rescind this Agreement, in whole or in part, under section 6:265 of the Dutch Civil Code or any other
applicable law. 

  

	25.	GOVERNING LAW 

 This Agreement
and any non-contractual obligations arising out of or in connection with it are governed by Dutch law. 
  

	26.	ENFORCEMENT 

  

	26.1	Jurisdiction 

  

	(a)	The courts of Amsterdam, the Netherlands have exclusive jurisdiction to settle any dispute including a dispute relating to any non-contractual obligation arising out of or
in connection with this Agreement. The ING Parties agree not to initiate any legal proceedings outside the Netherlands against the State arising out of or in connection with the Transaction Documents. The ING Parties agree that they shall not
involve the State in any legal proceedings outside the Netherlands arising out of or in connection with the Transaction Documents, provided that (i) if legal proceedings are initiated outside of the Netherlands by the State itself against any
ING Party such ING Party shall be entitled to act in respect of such proceedings, and (ii) if any ING Party and the State are involved in legal proceedings outside of the Netherlands initiated by a third party, such ING Party shall be entitled
to act in respect of such legal proceedings, but in each case without the right to expand such proceedings beyond the actual subject matter thereof, it being understood that the exclusive jurisdiction of the courts of Amsterdam the Netherlands shall
be preserved to the maximum extent possible. 

  

	(b)	The courts of Amsterdam, the Netherlands are the most appropriate and convenient courts to settle any such dispute in connection with this Agreement. ING Bank agrees not
to argue to the contrary and waives objection to those courts on the grounds of inconvenient forum or otherwise in relation to proceedings in connection with this Agreement. If proceedings are initiated by any Party in conformity with this Clause
26.1, including Clause 26.1(c), the State hereby waives any immunity from jurisdiction it may enjoy. In addition, if the State takes proceedings before a court outside the Netherlands, the ING Parties shall preserve the right to bring proceedings
over the same subject matter or body of facts, before the courts of Amsterdam. 

  

	(c)	This Clause is for the benefit of the State only. To the extent allowed by law, the State may take: 

 

	 	(i)	proceedings in any other court; and 

  

	 	(ii)	concurrent proceedings in any number of jurisdictions. 

  

	(d)	References in this Clause to a dispute in connection with this Agreement includes any dispute as to the existence, validity or termination of this Agreement.

 THIS AGREEMENT has been entered into on the date stated at the beginning of this Agreement. 

  
 43 

 SCHEDULE 1 
 CONDITIONS PRECEDENT DOCUMENTS IN RESPECT OF THE AMENDMENT 
  

	1.	Legal opinions from (i) inhouse counsel of ING US entities other than Lion Custom Investments LLC and ING Direct Bancorp, (ii) outside Delaware counsel of
Lion Custom Investments LLC and ING Direct Bancorp, (iii) Sullivan & Cromwell, and (iv) NautaDutilh in form and substance satisfactory to the State. 

 

	2.	Each Transaction Document has been duly executed and, to the extent applicable, delivered by each Party thereto. 

 

	3.	Each contract transfer (contractsovername) purported pursuant to the Universal Amendment and Contract Transfer Agreement having become effective.

  

	4.	Evidence satisfactory to the State that the Securities are standing to the credit of the accounts purported to be secured pursuant to the US Security Agreement.

  

	5.	Evidence satisfactory to the State that the Securities purported to be secured pursuant to the US Security Agreement are subject to the pledge under the US Security
Agreement. 

  

	6.	Evidence satisfactory to the State that all payments for or in relation to the IABF Receivables (as defined in the 2012 Deeds of Assignment of IABF Receivables
dated on or about the date of this Agreement between ING Support Holding B.V., ING Bank N.V., the State, Stichting Derdengelden ING Support Holding and various parties as assignor) have been made to the US Companies. 

 

	7.	Evidence satisfactory to the State that The Bank of New York Mellon has been notified of the 2012 Deed of Disclosed Pledge. 

 

	8.	Evidence satisfactory to the State that proper filing of a financing statement for the 2012 Deed of Disclosed Pledge has been made in the office of the Recorder of
Deeds of the District of Columbia. 

  
 44 

 SCHEDULE 2 
 DESCRIPTION OF SECURITIES 
 The list of Securities shall contain the following information per
Security: 
  

	(a)	CUSIP 

  

	(b)	Deal Name 

  

	(c)	Tranche Name 

  

	(d)	Original Balance - Total 

  

	(e)	Original Balance - ING 

  

	(f)	Original Balance - Dutch State 

  

	(g)	Current Balance - Dutch State (indicative as of 5 Oct 2012) 

  

	(h)	Bond Factor at cut-off date 

  

	(i)	Cut-off value - Dutch State 

  

	(j)	90% of Cut-off value - Dutch State 

  
 45 

																																	
	Cusip	 	Deal Name	 	Tranche
Name	 	 Original
 Balance -
 Total
	 	 	 Original
Balance -

ING
	 	 	 Original
Balance -

Dutch State
	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	 Bond
Factor at
cut-off

date
	 	 	 Cut-off
 value -
Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 000780PQ3
	 	ABN03013	 	A6	 	 	207,487,020	  	 	 	124,387,020	  	 	 	99,509,616	  	 	 	—  	  	 	 	22.56	% 	 	 	22,451,500	  	 	 	20,206,349.61	  
										
	 007036AH9
	 	ARMT0401	 	8A1	 	 	52,705,000	  	 	 	52,705,000	  	 	 	42,164,000	  	 	 	513,250	  	 	 	1.80	% 	 	 	760,207	  	 	 	684,186.54	  
										
	 007036BY1
	 	ARMT0402	 	7A3	 	 	205,000,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	529,002	  	 	 	6.82	% 	 	 	1,090,987	  	 	 	981,888.48	  
										
	 007036CT1
	 	ARMT0403	 	2A1	 	 	167,310,000	  	 	 	98,000,000	  	 	 	78,400,000	  	 	 	3,588,816	  	 	 	6.68	% 	 	 	5,236,435	  	 	 	4,712,791.31	  
										
	 007036EN2
	 	ARMT0405	 	1A1	 	 	78,200,000	  	 	 	28,200,000	  	 	 	22,560,000	  	 	 	466,130	  	 	 	8.10	% 	 	 	1,827,919	  	 	 	1,645,127.28	  
										
	 007036MR4
	 	ARMT0507	 	2A1	 	 	115,500,000	  	 	 	115,500,000	  	 	 	92,400,000	  	 	 	13,727,983	  	 	 	39.46	% 	 	 	36,465,598	  	 	 	32,819,038.28	  
										
	 007036QE9
	 	ARMT0508	 	2A2_1	 	 	61,625,000	  	 	 	61,625,000	  	 	 	49,300,000	  	 	 	20,201,753	  	 	 	60.01	% 	 	 	29,583,277	  	 	 	26,624,949.14	  
										
	 007036QG4
	 	ARMT0508	 	3A1	 	 	75,000,000	  	 	 	75,000,000	  	 	 	60,000,000	  	 	 	24,278,856	  	 	 	61.73	% 	 	 	37,039,353	  	 	 	33,335,418.02	  
										
	 007036QH2
	 	ARMT0508	 	3A2_1	 	 	148,300,000	  	 	 	48,300,000	  	 	 	38,640,000	  	 	 	16,010,809	  	 	 	61.73	% 	 	 	23,853,344	  	 	 	21,468,009.21	  
										
	 007036RZ1
	 	ARMT0509	 	3A1	 	 	35,530,000	  	 	 	35,530,000	  	 	 	28,424,000	  	 	 	4,050,688	  	 	 	73.80	% 	 	 	20,977,855	  	 	 	18,880,069.34	  
										
	 007036TD8
	 	ARMT0510	 	2A1	 	 	217,550,000	  	 	 	217,550,000	  	 	 	174,040,000	  	 	 	68,838,976	  	 	 	67.39	% 	 	 	117,282,141	  	 	 	105,553,927.20	  
										
	 007036VF0
	 	ARMT0511	 	3A1	 	 	90,220,000	  	 	 	90,220,000	  	 	 	72,176,000	  	 	 	29,866,082	  	 	 	67.74	% 	 	 	48,889,072	  	 	 	44,000,165.05	  
										
	 00703AAA5
	 	ARMT0702	 	1A1	 	 	154,772,000	  	 	 	154,772,000	  	 	 	123,817,600	  	 	 	57,206,832	  	 	 	86.57	% 	 	 	107,186,764	  	 	 	96,468,087.99	  
										
	 01852TAB9
	 	ALLB07O1	 	A2	 	 	63,706,000	  	 	 	63,706,000	  	 	 	50,964,800	  	 	 	13,877,078	  	 	 	93.73	% 	 	 	47,767,105	  	 	 	42,990,394.18	  
										
	 02146SAB5
	 	CWA06O14	 	1A2	 	 	82,048,000	  	 	 	57,048,000	  	 	 	45,638,400	  	 	 	22,856,646	  	 	 	78.87	% 	 	 	35,993,321	  	 	 	32,393,988.51	  
										
	 02146SAC3
	 	CWA06O14	 	1A3	 	 	27,350,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	—  	  	 	 	78.87	% 	 	 	6,309,304	  	 	 	5,678,373.60	  

  
 46 

																																	
	Cusip	 	Deal Name	 	Tranche
Name	 	 Original
 Balance -
 Total
	 	 	 Original
Balance -

ING
	 	 	 Original
Balance -

Dutch State
	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	 Bond
Factor at
cut-off

date
	 	 	 Cut-off
 value -
Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 02146SAD1
	 	CWA06O14	 	2A1	 	 	209,625,000	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	5,255,210	  	 	 	60.01	% 	 	 	7,201,368	  	 	 	6,481,231.20	  
										
	 02146SAG4
	 	CWA06O14	 	3A1	 	 	192,683,000	  	 	 	140,000,000	  	 	 	112,000,000	  	 	 	77,057,724	  	 	 	86.44	% 	 	 	96,815,673	  	 	 	87,134,106.02	  
										
	 02146SAH2
	 	CWA06O14	 	3A2	 	 	48,171,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	1,160,666	  	 	 	86.44	% 	 	 	6,915,405	  	 	 	6,223,864.32	  
										
	 02146TAL1
	 	CWA0624C	 	A11	 	 	147,063,000	  	 	 	52,063,000	  	 	 	41,650,400	  	 	 	11,762,062	  	 	 	60.27	% 	 	 	25,100,761	  	 	 	22,590,684.98	  
										
	 02146XAC2
	 	CWA0636T	 	1A4	 	 	108,000,000	  	 	 	47,000,000	  	 	 	37,600,000	  	 	 	17,686,103	  	 	 	78.43	% 	 	 	29,490,457	  	 	 	26,541,411.13	  
										
	 02146XAS7
	 	CWA0636T	 	2A1	 	 	210,817,000	  	 	 	63,817,000	  	 	 	51,053,600	  	 	 	20,786,678	  	 	 	69.75	% 	 	 	35,610,407	  	 	 	32,049,365.98	  
										
	 02147FAQ9
	 	CWA0618C	 	A6	 	 	137,430,200	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	21,068,473	  	 	 	84.41	% 	 	 	33,762,165	  	 	 	30,385,948.32	  
										
	 02147PAZ7
	 	CWA0629T	 	2A16	 	 	10,591,927	  	 	 	10,591,927	  	 	 	8,473,542	  	 	 	5,610,517	  	 	 	95.17	% 	 	 	8,064,344	  	 	 	7,257,909.60	  
										
	 02147QAV4
	 	CWA0619C	 	A20	 	 	9,935,557	  	 	 	9,935,557	  	 	 	7,948,446	  	 	 	4,943,185	  	 	 	76.73	% 	 	 	6,098,831	  	 	 	5,488,948.08	  
										
	 02147RAF7
	 	CWA0623C	 	1A6	 	 	55,000,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	5,820,521	  	 	 	67.41	% 	 	 	10,786,086	  	 	 	9,707,477.76	  
										
	 02147RAT7
	 	CWA0623C	 	2A6	 	 	19,068,000	  	 	 	19,068,000	  	 	 	15,254,400	  	 	 	7,813,779	  	 	 	79.93	% 	 	 	12,192,278	  	 	 	10,973,049.84	  
										
	 02147WAQ2
	 	CWA0626C	 	A15	 	 	5,000,000	  	 	 	5,000,000	  	 	 	4,000,000	  	 	 	2,142,459	  	 	 	84.45	% 	 	 	3,378,136	  	 	 	3,040,322.40	  
										
	 02147YAG0
	 	CWA0627C	 	A7	 	 	151,436,000	  	 	 	107,076,000	  	 	 	85,660,800	  	 	 	27,989,364	  	 	 	62.59	% 	 	 	53,617,166	  	 	 	48,255,449.63	  
										
	 02148DAE0
	 	CWA07HY3	 	3A1	 	 	147,344,000	  	 	 	55,914,000	  	 	 	44,731,200	  	 	 	24,535,022	  	 	 	89.41	% 	 	 	39,995,302	  	 	 	35,995,771.76	  
										
	 02148GAB9
	 	CWA07OA8	 	1A2	 	 	63,697,000	  	 	 	63,697,000	  	 	 	50,957,600	  	 	 	30,723,947	  	 	 	87.32	% 	 	 	44,497,953	  	 	 	40,048,158.03	  
										
	 02148GAE3
	 	CWA07OA8	 	2A2	 	 	118,928,000	  	 	 	67,928,000	  	 	 	54,342,400	  	 	 	30,307,007	  	 	 	83.89	% 	 	 	45,589,289	  	 	 	41,030,360.49	  
										
	 02148KAE4
	 	CWA0640T	 	1A5	 	 	81,400,000	  	 	 	31,400,000	  	 	 	25,120,000	  	 	 	10,297,892	  	 	 	75.57	% 	 	 	18,982,884	  	 	 	17,084,595.46	  

  
 47 

																																	
	Cusip	 	Deal Name	 	Tranche
Name	 	 Original
 Balance -
 Total
	 	 	 Original
Balance -

ING
	 	 	 Original
Balance -

Dutch State
	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	 Bond
Factor at
cut-off

date
	 	 	 Cut-off
 value -
Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 02149CBC4
	 	CWA0641C	 	2A12	 	 	141,130,000	  	 	 	140,380,000	  	 	 	112,304,000	  	 	 	51,941,204	  	 	 	75.15	% 	 	 	84,397,941	  	 	 	75,958,146.69	  
										
	 02149DAD1
	 	CWA06H13	 	2A1	 	 	67,959,000	  	 	 	37,959,000	  	 	 	30,367,200	  	 	 	8,261,623	  	 	 	77.78	% 	 	 	23,618,294	  	 	 	21,256,464.21	  
										
	 02149DAJ8
	 	CWA06H13	 	3A1	 	 	135,945,000	  	 	 	27,430,000	  	 	 	21,944,000	  	 	 	5,785,685	  	 	 	74.23	% 	 	 	16,288,194	  	 	 	14,659,374.53	  
										
	 02149DAN9
	 	CWA06H13	 	4A1	 	 	316,754,000	  	 	 	80,000,000	  	 	 	64,000,000	  	 	 	30,310,199	  	 	 	77.20	% 	 	 	49,405,143	  	 	 	44,464,628.79	  
										
	 02150DAB1
	 	CWA07OA4	 	A2	 	 	163,244,000	  	 	 	163,244,000	  	 	 	130,595,200	  	 	 	73,646,540	  	 	 	79.91	% 	 	 	104,354,469	  	 	 	93,919,022.14	  
										
	 02150KBD0
	 	CWA07OH1	 	A2D	 	 	57,721,000	  	 	 	57,721,000	  	 	 	46,176,800	  	 	 	32,198,316	  	 	 	91.39	% 	 	 	42,202,725	  	 	 	37,982,452.86	  
										
	 02150TAB6
	 	CWA07OA3	 	1A2	 	 	207,766,000	  	 	 	85,000,000	  	 	 	68,000,000	  	 	 	36,444,643	  	 	 	76.57	% 	 	 	52,069,732	  	 	 	46,862,759.17	  
										
	 02150TAE0
	 	CWA07OA3	 	2A2	 	 	104,209,000	  	 	 	104,209,000	  	 	 	83,367,200	  	 	 	49,810,542	  	 	 	80.19	% 	 	 	66,853,244	  	 	 	60,167,919.93	  
										
	 02150XAA9
	 	CWA07H8C	 	A1	 	 	347,546,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	46,859,447	  	 	 	87.07	% 	 	 	69,658,490	  	 	 	62,692,641.36	  
										
	 02151BAR9
	 	CWA07022	 	2A1	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	25,269,353	  	 	 	88.30	% 	 	 	35,318,570	  	 	 	31,786,712.64	  
										
	 02151EAC6
	 	CWA0723C	 	A3	 	 	286,450,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	13,071,954	  	 	 	82.93	% 	 	 	19,903,055	  	 	 	17,912,749.69	  
										
	 02151EAR3
	 	CWA0723C	 	A7	 	 	230,894,400	  	 	 	70,894,400	  	 	 	56,715,520	  	 	 	30,658,901	  	 	 	82.93	% 	 	 	47,033,838	  	 	 	42,330,453.85	  
										
	 02151EAS1
	 	CWA0723C	 	A8	 	 	57,723,600	  	 	 	17,723,600	  	 	 	14,178,880	  	 	 	7,664,725	  	 	 	82.93	% 	 	 	11,758,459	  	 	 	10,582,613.28	  
										
	 02151FAG4
	 	CWA0721C	 	2A1	 	 	148,680,800	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	14,951,018	  	 	 	94.15	% 	 	 	22,596,493	  	 	 	20,336,843.51	  
										
	 02151GAA5
	 	CWA07024	 	A1	 	 	125,000,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	10,002,367	  	 	 	84.85	% 	 	 	16,969,242	  	 	 	15,272,317.44	  
										
	 02151GAB3
	 	CWA07024	 	A2	 	 	8,928,571	  	 	 	8,928,572	  	 	 	7,142,858	  	 	 	3,572,274	  	 	 	84.85	% 	 	 	6,060,444	  	 	 	5,454,399.59	  
										
	 02151GAD9
	 	CWA07024	 	A4	 	 	40,000,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	10,002,367	  	 	 	84.85	% 	 	 	16,969,242	  	 	 	15,272,317.44	  
										
	 02151JAA9
	 	CWA07HY6	 	A1	 	 	597,713,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	40,403,259	  	 	 	86.17	% 	 	 	68,935,411	  	 	 	62,041,870.15	  

  
 48 

																																	
	Cusip	 	Deal Name	 	Tranche
Name	 	 Original
 Balance -
 Total
	 	 	 Original
Balance -

ING
	 	 	 Original
Balance -

Dutch State
	 	 	 Current
Balance
-
Dutch State
(indicative
as of 5 Oct
 2012)
	 	 	 Bond
Factor at
cut-off

date
	 	 	 Cut-off
 value -
Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 02151NAF9
	 	CWA0718C	 	1A6	 	 	40,000,000	  	 	 	40,000,000	  	 	 	32,000,000	  	 	 	19,184,329	  	 	 	90.89	% 	 	 	29,085,601	  	 	 	26,177,040.72	  
										
	 02151RAB9
	 	CWA07OH2	 	A1B	 	 	200,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	25,271,173	  	 	 	87.58	% 	 	 	35,031,061	  	 	 	31,527,954.54	  
										
	 02151RAC7
	 	CWA07OH2	 	A2A	 	 	165,110,000	  	 	 	145,110,000	  	 	 	116,088,000	  	 	 	73,341,999	  	 	 	87.58	% 	 	 	101,667,144	  	 	 	91,500,429.67	  
										
	 02660TCC5
	 	AHM04004	 	IA1	 	 	204,824,500	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	3,008,978	  	 	 	21.71	% 	 	 	4,342,858	  	 	 	3,908,572.56	  
										
	 02660TEL3
	 	AHM05002	 	IA2	 	 	228,175,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	4,360,153	  	 	 	33.16	% 	 	 	6,631,103	  	 	 	5,967,992.88	  
										
	 02660TGQ0
	 	AHM05004	 	IA3	 	 	76,914,000	  	 	 	18,914,000	  	 	 	15,131,200	  	 	 	2,405,433	  	 	 	45.36	% 	 	 	6,863,647	  	 	 	6,177,282.48	  
										
	 02660THY2
	 	AHM06001	 	I1A1	 	 	600,000,000	  	 	 	110,000,000	  	 	 	88,000,000	  	 	 	30,670,086	  	 	 	53.61	% 	 	 	47,179,838	  	 	 	42,461,854.38	  
										
	 02660UAD2
	 	AHA06003	 	IA3	 	 	89,251,000	  	 	 	25,251,000	  	 	 	20,200,800	  	 	 	—  	  	 	 	80.85	% 	 	 	16,332,179	  	 	 	14,698,960.75	  
										
	 02660XAB0
	 	AHA06002	 	1A2	 	 	123,694,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	7,259,753	  	 	 	72.55	% 	 	 	17,412,560	  	 	 	15,671,303.99	  
										
	 026709AH8
	 	AHT_1	 	5	 	 	61,004,000	  	 	 	5,500,000	  	 	 	4,400,000	  	 	 	31,116	  	 	 	1.65	% 	 	 	72,531	  	 	 	65,278.08	  
										
	 026932AD5
	 	AHM07001	 	A2	 	 	438,772,000	  	 	 	184,772,000	  	 	 	147,817,600	  	 	 	56,509,570	  	 	 	89.64	% 	 	 	132,508,368	  	 	 	119,257,530.91	  
										
	 058927AL8
	 	BAF0600A	 	5A1	 	 	56,349,000	  	 	 	31,349,000	  	 	 	25,079,200	  	 	 	13,346,527	  	 	 	84.84	% 	 	 	21,277,552	  	 	 	19,149,796.59	  
										
	 058927AN4
	 	BAF0600A	 	6A1	 	 	129,873,000	  	 	 	129,873,000	  	 	 	103,898,400	  	 	 	56,082,820	  	 	 	82.97	% 	 	 	86,200,538	  	 	 	77,580,483.85	  
										
	 058930AH1
	 	BAF0600C	 	4A1	 	 	105,948,000	  	 	 	105,948,000	  	 	 	84,758,400	  	 	 	9,426,366	  	 	 	59.10	% 	 	 	50,093,525	  	 	 	45,084,172.59	  
										
	 058933AP7
	 	BAF0600D	 	5A2	 	 	249,587,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	9,132,781	  	 	 	67.99	% 	 	 	27,195,801	  	 	 	24,476,220.65	  
										
	 05946XJR5
	 	BAF0400B	 	7A1	 	 	145,872,000	  	 	 	25,072,000	  	 	 	20,057,600	  	 	 	2,768,911	  	 	 	25.93	% 	 	 	5,200,822	  	 	 	4,680,740.16	  
										
	 05946XRZ8
	 	BAF0500B	 	3A2	 	 	107,349,000	  	 	 	24,150,000	  	 	 	19,320,000	  	 	 	2,336,689	  	 	 	22.06	% 	 	 	4,261,339	  	 	 	3,835,205.28	  

  
 49 

																																	
	Cusip	 	Deal Name	 	Tranche
Name	 	 Original
 Balance -
 Total
	 	 	 Original
Balance -

ING
	 	 	 Original
Balance -

Dutch State
	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	 Bond
Factor at
cut-off

date
	 	 	 Cut-off
 value -
Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 05946XY23
	 	BAF05008	 	2A3	 	 	73,259,000	  	 	 	58,259,000	  	 	 	46,607,200	  	 	 	3,954,359	  	 	 	70.33	% 	 	 	32,780,534	  	 	 	29,502,480.53	  
										
	 05946XYZ0
	 	BAF0500F	 	4A1	 	 	318,581,000	  	 	 	30,278,000	  	 	 	24,222,400	  	 	 	9,852,148	  	 	 	61.97	% 	 	 	15,010,004	  	 	 	13,509,003.62	  
										
	 059487AA6
	 	BAA06006	 	CB1	 	 	57,621,000	  	 	 	28,930,000	  	 	 	23,144,000	  	 	 	4,490,356	  	 	 	44.66	% 	 	 	10,335,923	  	 	 	9,302,330.89	  
										
	 05948K4P1
	 	BAA06003	 	4CB1	 	 	47,945,000	  	 	 	30,845,000	  	 	 	24,676,000	  	 	 	13,047,517	  	 	 	76.94	% 	 	 	18,985,481	  	 	 	17,086,932.71	  
										
	 05948KA41
	 	BAA05005	 	1CB2	 	 	10,431,767	  	 	 	10,431,767	  	 	 	8,345,414	  	 	 	3,667,250	  	 	 	74.49	% 	 	 	6,216,797	  	 	 	5,595,117.12	  
										
	 05948KAT6
	 	BAA03002	 	CB2	 	 	212,518,647	  	 	 	49,518,647	  	 	 	39,614,918	  	 	 	1,347,017	  	 	 	16.55	% 	 	 	6,555,652	  	 	 	5,900,086.82	  
										
	 05948KAW9
	 	BAA03002	 	CB5	 	 	101,639,353	  	 	 	101,639,353	  	 	 	81,311,482	  	 	 	2,764,816	  	 	 	16.55	% 	 	 	13,455,785	  	 	 	12,110,206.32	  
										
	 05948KBC2
	 	BAA03002	 	NC1	 	 	50,000,000	  	 	 	48,400,000	  	 	 	38,720,000	  	 	 	28,359	  	 	 	11.48	% 	 	 	4,443,283	  	 	 	3,998,954.88	  
										
	 05948KBT5
	 	BAA03003	 	A2	 	 	21,012,416	  	 	 	21,012,416	  	 	 	16,809,933	  	 	 	1,943,635	  	 	 	24.50	% 	 	 	4,118,462	  	 	 	3,706,615.43	  
										
	 05948KF38
	 	BAA05006	 	5A2	 	 	146,259,000	  	 	 	60,000,000	  	 	 	48,000,000	  	 	 	8,595,527	  	 	 	53.66	% 	 	 	25,758,175	  	 	 	23,182,357.90	  
										
	 05948KFW4
	 	BAA03009	 	1CB2	 	 	134,687,000	  	 	 	32,187,000	  	 	 	25,749,600	  	 	 	3,010,458	  	 	 	30.91	% 	 	 	7,959,319	  	 	 	7,163,387.32	  
										
	 05948KH93
	 	BAA05007	 	2CB1	 	 	103,936,000	  	 	 	21,436,000	  	 	 	17,148,800	  	 	 	8,350,090	  	 	 	66.79	% 	 	 	11,453,862	  	 	 	10,308,475.43	  
										
	 05948KHC6
	 	BAA03010	 	2A2	 	 	65,013,882	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	1,823,767	  	 	 	33.67	% 	 	 	4,040,111	  	 	 	3,636,100.08	  
										
	 05948KHD4
	 	BAA03010	 	2A3	 	 	27,089,118	  	 	 	27,089,118	  	 	 	21,671,294	  	 	 	3,293,617	  	 	 	33.67	% 	 	 	7,296,203	  	 	 	6,566,582.88	  
										
	 05948KK40
	 	BAA05008	 	1CB2	 	 	60,063,500	  	 	 	60,063,500	  	 	 	48,050,800	  	 	 	23,975,294	  	 	 	74.91	% 	 	 	35,995,345	  	 	 	32,395,810.30	  
										
	 05948KK81
	 	BAA05008	 	1CB6	 	 	2,503,000	  	 	 	2,503,000	  	 	 	2,002,400	  	 	 	951,934	  	 	 	74.91	% 	 	 	1,500,018	  	 	 	1,350,015.84	  
										
	 05948KL23
	 	BAA05008	 	2CB1	 	 	56,387,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	7,968,463	  	 	 	71.09	% 	 	 	11,375,051	  	 	 	10,237,546.08	  
										
	 05948KLW7
	 	BAA04002	 	1A1	 	 	117,132,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	6,961,712	  	 	 	49.38	% 	 	 	9,876,610	  	 	 	8,888,949.36	  

  
 50 

																																	
	Cusip	 	Deal Name	 	Tranche
Name	 	 Original
 Balance -
 Total
	 	 	 Original
Balance -

ING
	 	 	 Original
Balance -

Dutch State
	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	 Bond
Factor at
cut-off

date
	 	 	 Cut-off
 value -
Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 05948KN70
	 	BAA05009	 	2CB1	 	 	49,738,000	  	 	 	36,738,000	  	 	 	29,390,400	  	 	 	13,830,082	  	 	 	65.80	% 	 	 	19,338,954	  	 	 	17,405,058.23	  
										
	 05948KS42
	 	BAA05010	 	4A1	 	 	53,944,000	  	 	 	28,944,000	  	 	 	23,155,200	  	 	 	7,703,946	  	 	 	63.85	% 	 	 	14,783,653	  	 	 	13,305,287.86	  
										
	 05948KUK3
	 	BAA04009	 	2CB1	 	 	10,000,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	6,508,937	  	 	 	100.00	% 	 	 	8,000,000	  	 	 	7,200,000.00	  
										
	 05948KV97
	 	BAA05011	 	4A1	 	 	57,538,000	  	 	 	57,538,000	  	 	 	46,030,400	  	 	 	13,441,028	  	 	 	64.93	% 	 	 	29,887,554	  	 	 	26,898,798.97	  
										
	 05948KWU9
	 	BAA04011	 	2CB1	 	 	81,736,000	  	 	 	81,136,000	  	 	 	64,908,800	  	 	 	18,916,986	  	 	 	49.13	% 	 	 	31,888,959	  	 	 	28,700,063.27	  
										
	 05948KY86
	 	BAA05012	 	4A1	 	 	57,331,000	  	 	 	27,331,000	  	 	 	21,864,800	  	 	 	9,230,849	  	 	 	66.64	% 	 	 	14,571,266	  	 	 	13,114,139.15	  
										
	 05948KZA0
	 	BAA05004	 	CB1	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	13,939,784	  	 	 	57.60	% 	 	 	23,038,672	  	 	 	20,734,804.80	  
										
	 05948KZB8
	 	BAA05004	 	CB2	 	 	88,861,000	  	 	 	8,599,000	  	 	 	6,879,200	  	 	 	1,334,269	  	 	 	47.54	% 	 	 	3,270,274	  	 	 	2,943,246.96	  
										
	 05948KZF9
	 	BAA05004	 	CB6	 	 	87,760,000	  	 	 	40,260,000	  	 	 	32,208,000	  	 	 	11,223,783	  	 	 	57.60	% 	 	 	18,550,393	  	 	 	16,695,353.53	  
										
	 05948X5T4
	 	BMS0400C	 	2A2	 	 	157,673,000	  	 	 	80,173,000	  	 	 	64,138,400	  	 	 	10,969,417	  	 	 	40.41	% 	 	 	25,921,139	  	 	 	23,329,025.51	  
										
	 05948XEC1
	 	BMS0300E	 	2A2	 	 	380,000,000	  	 	 	75,950,000	  	 	 	60,760,000	  	 	 	3,496,847	  	 	 	11.95	% 	 	 	7,262,163	  	 	 	6,535,947.06	  
										
	 05948XJM4
	 	BAA03004	 	1A3	 	 	37,268,166	  	 	 	37,268,166	  	 	 	29,814,533	  	 	 	3,685,963	  	 	 	27.61	% 	 	 	8,230,551	  	 	 	7,407,496.09	  
										
	 05948XKS9
	 	BMS0300F	 	2A3	 	 	290,184,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	6,159,947	  	 	 	14.51	% 	 	 	11,605,450	  	 	 	10,444,905.22	  
										
	 05948XPN5
	 	BMS0300G	 	2A1	 	 	399,396,000	  	 	 	180,896,000	  	 	 	144,716,800	  	 	 	10,462,410	  	 	 	16.93	% 	 	 	24,493,649	  	 	 	22,044,283.78	  
										
	 05948XT27
	 	BMS0400A	 	2A2	 	 	408,410,000	  	 	 	33,000,000	  	 	 	26,400,000	  	 	 	2,861,681	  	 	 	25.59	% 	 	 	6,755,928	  	 	 	6,080,334.88	  
										
	 059496AC3
	 	BAA07001	 	2A1	 	 	63,977,000	  	 	 	38,977,000	  	 	 	31,181,600	  	 	 	20,944,651	  	 	 	83.68	% 	 	 	26,091,645	  	 	 	23,482,480.32	  
										
	 059496BV0
	 	BAA07001	 	4A1	 	 	40,000,000	  	 	 	40,000,000	  	 	 	32,000,000	  	 	 	17,852,176	  	 	 	78.35	% 	 	 	25,071,102	  	 	 	22,563,991.44	  

  
 51 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	90% of Cut-off
value - Dutch
State	 
										
	 05949A6F2
	  	BMS0500E	  	2A4	  	 	67,109,000	  	  	 	54,109,000	  	  	 	43,287,200	  	  	 	—  	  	  	 	82.70	% 	 	 	35,800,219	  	  	 	32,220,197.11	  
										
	 05949AB66
	  	BMS04011	  	1A3	  	 	147,466,000	  	  	 	72,466,000	  	  	 	57,972,800	  	  	 	104,888	  	  	 	51.78	% 	 	 	30,015,641	  	  	 	27,014,077.29	  
										
	 05949ALH1
	  	BMS0400G	  	2A7	  	 	300,000,000	  	  	 	70,075,000	  	  	 	56,060,000	  	  	 	11,613,524	  	  	 	39.88	% 	 	 	22,357,820	  	  	 	20,122,038.09	  
										
	 05949APD6
	  	BMS04007	  	5A8	  	 	75,000,000	  	  	 	47,500,000	  	  	 	38,000,000	  	  	 	—  	  	  	 	45.80	% 	 	 	17,403,227	  	  	 	15,662,903.96	  
										
	 05949CBZ8
	  	BMS0500F	  	2A1	  	 	225,000,000	  	  	 	125,000,000	  	  	 	100,000,000	  	  	 	35,045,977	  	  	 	66.89	% 	 	 	66,886,193	  	  	 	60,197,573.97	  
										
	 05949CEF9
	  	BMS0500G	  	2A3	  	 	150,548,000	  	  	 	150,548,000	  	  	 	120,438,400	  	  	 	5,895,858	  	  	 	53.06	% 	 	 	63,903,554	  	  	 	57,513,198.25	  
										
	 05949CHS8
	  	BMS0500I	  	2A3	  	 	130,026,000	  	  	 	82,026,000	  	  	 	65,620,800	  	  	 	1,274,172	  	  	 	53.55	% 	 	 	35,138,428	  	  	 	31,624,585.03	  
										
	 05950AAU0
	  	BAA06004	  	4CB1	  	 	74,584,000	  	  	 	17,341,000	  	  	 	13,872,800	  	  	 	7,362,017	  	  	 	74.12	% 	 	 	10,282,719	  	  	 	9,254,447.28	  
										
	 05950FAC9
	  	BAF06004	  	A3	  	 	63,376,000	  	  	 	43,431,000	  	  	 	34,744,800	  	  	 	647,650	  	  	 	53.67	% 	 	 	18,648,008	  	  	 	16,783,207.21	  
										
	 05950MAB6
	  	BAF0600G	  	2A1	  	 	600,000,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	3,098,973	  	  	 	72.84	% 	 	 	5,826,814	  	  	 	5,244,132.96	  
										
	 05950MAC4
	  	BAF0600G	  	2A2	  	 	404,295,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	—  	  	  	 	44.90	% 	 	 	7,183,434	  	  	 	6,465,090.96	  
										
	 05950PAK9
	  	BAF0600H	  	4A1	  	 	96,040,000	  	  	 	96,040,000	  	  	 	76,832,000	  	  	 	20,550,849	  	  	 	58.07	% 	 	 	44,612,760	  	  	 	40,151,483.89	  
										
	 05950TAF2
	  	BMS0600B	  	4A1	  	 	197,448,000	  	  	 	92,448,000	  	  	 	73,958,400	  	  	 	12,776,297	  	  	 	60.38	% 	 	 	44,657,830	  	  	 	40,192,047.33	  
										
	 05951EAR8
	  	BAF0600J	  	5A1	  	 	94,539,000	  	  	 	94,539,000	  	  	 	75,631,200	  	  	 	16,224,097	  	  	 	60.01	% 	 	 	45,388,032	  	  	 	40,849,228.95	  
										
	 05951VAA7
	  	BAF0600I	  	1A1	  	 	411,507,000	  	  	 	26,435,000	  	  	 	21,148,000	  	  	 	7,754,654	  	  	 	73.37	% 	 	 	15,515,596	  	  	 	13,964,036.30	  
										
	 05951VAV1
	  	BAF0600I	  	6A1	  	 	479,555,000	  	  	 	25,555,000	  	  	 	20,444,000	  	  	 	7,117,197	  	  	 	60.13	% 	 	 	12,292,582	  	  	 	11,063,324.17	  
										
	 059522AU6
	  	BAF0700C	  	1A2	  	 	270,000,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	51,733,939	  	  	 	85.24	% 	 	 	102,290,044	  	  	 	92,061,039.24	  
										
	 059522AV4
	  	BAF0700C	  	1A3	  	 	491,861,000	  	  	 	103,451,000	  	  	 	82,760,800	  	  	 	22,096,328	  	  	 	80.78	% 	 	 	66,851,581	  	  	 	60,166,422.99	  

  
 52 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	90% of Cut-off
value - Dutch
State	 
										
	 059522BD3
	  	BAF0700C	  	4A2	  	 	136,165,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	8,410,695	  	  	 	80.02	% 	 	 	32,009,971	  	  	 	28,808,973.54	  
										
	 059523AX8
	  	BAF07005	  	7A1	  	 	37,718,200	  	  	 	23,417,342	  	  	 	18,733,874	  	  	 	14,518,691	  	  	 	87.56	% 	 	 	16,403,113	  	  	 	14,762,801.30	  
										
	 059523AY6
	  	BAF07005	  	7A2	  	 	5,802,800	  	  	 	3,602,668	  	  	 	2,882,134	  	  	 	940,544	  	  	 	87.56	% 	 	 	2,523,556	  	  	 	2,271,200.40	  
										
	 05952DAC2
	  	BAF0700A	  	2A2	  	 	58,512,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	6,403,054	  	  	 	76.65	% 	 	 	12,263,640	  	  	 	11,037,275.61	  
										
	 05953BAB7
	  	BAF07R01	  	A2	  	 	80,559,378	  	  	 	80,559,378	  	  	 	64,447,502	  	  	 	37,202,549	  	  	 	91.13	% 	 	 	58,728,658	  	  	 	52,855,792.28	  
										
	 05953YAH4
	  	BAF07004	  	TA1B	  	 	50,000,000	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	2,241,665	  	  	 	65.50	% 	 	 	7,860,560	  	  	 	7,074,504.00	  
										
	 05953YBJ9
	  	BAF07004	  	2A13	  	 	90,000,000	  	  	 	90,000,000	  	  	 	72,000,000	  	  	 	29,188,756	  	  	 	85.21	% 	 	 	61,347,753	  	  	 	55,212,977.64	  
										
	 06050AAC7
	  	BAA06008	  	1A3	  	 	3,220,000	  	  	 	3,220,000	  	  	 	2,576,000	  	  	 	—  	  	  	 	75.44	% 	 	 	1,943,462	  	  	 	1,749,116.16	  
										
	 06050AAH6
	  	BAA06008	  	2A2	  	 	7,649,000	  	  	 	7,649,000	  	  	 	6,119,200	  	  	 	3,344,164	  	  	 	71.34	% 	 	 	4,365,658	  	  	 	3,929,091.84	  
										
	 06051GBM0
	  	BAF04002	  	1CB1	  	 	113,071,000	  	  	 	71,851,000	  	  	 	57,480,800	  	  	 	15,058,209	  	  	 	52.38	% 	 	 	30,108,461	  	  	 	27,097,614.72	  
										
	 07378RAA7
	  	BSH07AC4	  	A1	  	 	298,563,000	  	  	 	49,563,000	  	  	 	39,650,400	  	  	 	21,871,740	  	  	 	84.45	% 	 	 	33,485,957	  	  	 	30,137,361.11	  
										
	 07378RAB5
	  	BSH07AC4	  	A2	  	 	63,237,000	  	  	 	63,237,000	  	  	 	50,589,600	  	  	 	30,256,097	  	  	 	84.45	% 	 	 	42,724,442	  	  	 	38,451,997.45	  
										
	 07383UGK5
	  	BSP04002	  	A	  	 	27,000,000	  	  	 	5,000,000	  	  	 	4,000,000	  	  	 	187,650	  	  	 	15.56	% 	 	 	622,568	  	  	 	560,311.20	  
										
	 07383UHW8
	  	BSP04010	  	A	  	 	38,000,000	  	  	 	31,000,000	  	  	 	24,800,000	  	  	 	7,266,749	  	  	 	30.21	% 	 	 	7,492,114	  	  	 	6,742,902.24	  
										
	 07384MC26
	  	BSAT0309	  	IIA3	  	 	57,127,700	  	  	 	57,127,700	  	  	 	45,702,160	  	  	 	4,443,813	  	  	 	17.77	% 	 	 	8,120,911	  	  	 	7,308,820.07	  
										
	 07384MQ88
	  	BSAT0403	  	IIA	  	 	615,389,500	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	33,366,898	  	  	 	38.38	% 	 	 	61,408,686	  	  	 	55,267,817.18	  
										
	 07384MS78
	  	BSAT0405	  	IIA	  	 	418,927,000	  	  	 	33,191,000	  	  	 	26,552,800	  	  	 	4,445,626	  	  	 	44.74	% 	 	 	11,879,316	  	  	 	10,691,384.74	  

  
 53 

																																	
	Cusip	  	Deal Name	  	 Tranche
 Name
	  	 Original
 Balance -
 Total
	 	  	 Original
 Balance -
 ING
	 	  	 Original
 Balance -
 Dutch State
	 	  	 Current
 Balance -
 Dutch State

(indicative

as of 5 Oct
 2012
	 	  	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	  	 90% of Cut-off

value - Dutch
 State
	 
										
	 07384MTH5
	  	BSAT0301	  	IA1	  	 	239,692,900	  	  	 	239,692,900	  	  	 	191,754,320	  	  	 	5,412,477	  	  	 	4.81	% 	 	 	9,219,140	  	  	 	8,297,225.86	  
										
	 07384MWX6
	  	BSAT0306	  	IA2	  	 	298,960,900	  	  	 	127,280,000	  	  	 	101,824,000	  	  	 	7,393,045	  	  	 	15.25	% 	 	 	15,523,476	  	  	 	13,971,128.21	  
										
	 07384YBQ8
	  	BSHE0103	  	M1	  	 	10,461,000	  	  	 	10,461,000	  	  	 	8,368,800	  	  	 	5,096,633	  	  	 	60.90	% 	 	 	5,096,632	  	  	 	4,586,968.80	  
										
	 07384YNA0
	  	BSHE03A5	  	A5	  	 	150,000,000	  	  	 	37,976,826	  	  	 	30,381,461	  	  	 	4,639,648	  	  	 	27.34	% 	 	 	8,306,894	  	  	 	7,476,204.95	  
										
	 07386HGG0
	  	BSAA0403	  	A1	  	 	629,828,400	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	2,658,167	  	  	 	13.13	% 	 	 	4,202,648	  	  	 	3,782,383.20	  
										
	 07386HHT1
	  	BSAA0404	  	A1	  	 	474,040,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	1,823,700	  	  	 	17.82	% 	 	 	2,851,296	  	  	 	2,566,166.40	  
										
	 07386HJU6
	  	BSAA0406	  	IA	  	 	380,660,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	1,207,151	  	  	 	23.12	% 	 	 	1,849,958	  	  	 	1,664,962.56	  
										
	 07386HMQ1
	  	BSAA0411	  	IA2	  	 	81,471,000	  	  	 	41,471,000	  	  	 	33,176,800	  	  	 	2,759,887	  	  	 	14.48	% 	 	 	4,805,624	  	  	 	4,325,061.70	  
										
	 07386HNT4
	  	BSAA0412	  	IA4	  	 	48,897,000	  	  	 	48,897,000	  	  	 	39,117,600	  	  	 	6,755,293	  	  	 	25.70	% 	 	 	10,053,592	  	  	 	9,048,233.15	  
										
	 07386HRA1
	  	BSAA0502	  	IIA4	  	 	229,097,500	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	10,496,097	  	  	 	37.02	% 	 	 	14,806,027	  	  	 	13,325,424.12	  
										
	 07386HVW8
	  	BSAA0507	  	II5A1	  	 	104,637,000	  	  	 	42,637,000	  	  	 	34,109,600	  	  	 	12,067,542	  	  	 	59.27	% 	 	 	20,218,074	  	  	 	18,196,266.65	  
										
	 07386HVX6
	  	BSAA0507	  	II6A1	  	 	269,657,000	  	  	 	175,357,000	  	  	 	140,285,600	  	  	 	56,249,885	  	  	 	63.81	% 	 	 	89,513,166	  	  	 	80,561,849.04	  
										
	 07386HYH8
	  	BSAA0509	  	II6A1	  	 	370,307,200	  	  	 	75,650,000	  	  	 	60,520,000	  	  	 	27,821,602	  	  	 	66.08	% 	 	 	39,993,655	  	  	 	35,994,289.75	  
										
	 073871AX3
	  	BSAA0604	  	II3A2	  	 	173,855,000	  	  	 	168,855,000	  	  	 	135,084,000	  	  	 	7,319,585	  	  	 	62.97	% 	 	 	85,061,957	  	  	 	76,555,761.54	  
										
	 073871BQ7
	  	BSAA0604	  	III3A1	  	 	252,115,000	  	  	 	126,320,000	  	  	 	101,056,000	  	  	 	—  	  	  	 	23.39	% 	 	 	23,637,665	  	  	 	21,273,898.11	  
										
	 0738794H8
	  	BSHE05A9	  	A4	  	 	53,959,533	  	  	 	53,959,533	  	  	 	43,167,626	  	  	 	17,995,008	  	  	 	59.30	% 	 	 	25,598,381	  	  	 	23,038,542.71	  
										
	 073879AC2
	  	BSHE04A2	  	1A3	  	 	44,638,909	  	  	 	44,638,909	  	  	 	35,711,127	  	  	 	4,522,211	  	  	 	21.23	% 	 	 	7,581,838	  	  	 	6,823,653.83	  
										
	 073879B23
	  	BSHE05A5	  	IIA2	  	 	24,733,039	  	  	 	24,733,039	  	  	 	19,786,431	  	  	 	7,460,371	  	  	 	58.52	% 	 	 	11,579,759	  	  	 	10,421,783.28	  

  
 54 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 073879GN2
	  	BSHE04A5	  	A2	  	 	31,481,090	  	  	 	15,481,090	  	  	 	12,384,872	  	  	 	2,762,833	  	  	 	36.82	% 	 	 	4,560,053	  	  	 	4,104,047.52	  
										
	 073879T24
	  	BSHE05A7	  	A1	  	 	55,000,000	  	  	 	55,000,000	  	  	 	44,000,000	  	  	 	18,262,918	  	  	 	63.29	% 	 	 	27,848,148	  	  	 	25,063,333.22	  
										
	 073879T32
	  	BSHE05A7	  	A2	  	 	25,000,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	8,301,326	  	  	 	63.29	% 	 	 	12,658,248	  	  	 	11,392,423.20	  
										
	 073879WQ7
	  	BSHE05A3	  	IIA1	  	 	152,260,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	11,164,726	  	  	 	51.27	% 	 	 	20,506,213	  	  	 	18,455,591.52	  
										
	 073879Z27
	  	BSHE05A8	  	A1	  	 	141,176,000	  	  	 	55,000,000	  	  	 	44,000,000	  	  	 	16,064,154	  	  	 	50.25	% 	 	 	22,111,169	  	  	 	19,900,051.93	  
										
	 07387ACY9
	  	BSAT0507	  	IIA1	  	 	243,580,000	  	  	 	243,580,000	  	  	 	194,864,000	  	  	 	69,519,823	  	  	 	66.21	% 	 	 	129,023,780	  	  	 	116,121,401.99	  
										
	 07387ADZ5
	  	BSAT0508	  	A1	  	 	265,123,000	  	  	 	130,123,000	  	  	 	104,098,400	  	  	 	—  	  	  	 	40.18	% 	 	 	41,825,378	  	  	 	37,642,840.21	  
										
	 07387UCE9
	  	BSHE06A1	  	IA1	  	 	275,026,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	10,447,984	  	  	 	59.67	% 	 	 	14,320,980	  	  	 	12,888,882.00	  
										
	 07387UGC9
	  	BSHE06A2	  	IA2	  	 	53,960,900	  	  	 	53,960,900	  	  	 	43,168,720	  	  	 	18,457,733	  	  	 	60.39	% 	 	 	26,070,082	  	  	 	23,463,073.45	  
										
	 07387UGW5
	  	BSHE06A2	  	II2A2	  	 	11,164,533	  	  	 	11,164,533	  	  	 	8,931,626	  	  	 	3,240,037	  	  	 	54.64	% 	 	 	4,879,928	  	  	 	4,391,935.38	  
										
	 07388EAA4
	  	BSHE06S2	  	A1	  	 	95,000,000	  	  	 	4,500,000	  	  	 	3,600,000	  	  	 	1,046,063	  	  	 	58.27	% 	 	 	2,097,573	  	  	 	1,887,815.52	  
										
	 07388WAB2
	  	BSHE06A4	  	A2	  	 	63,086,000	  	  	 	63,086,000	  	  	 	50,468,800	  	  	 	20,205,703	  	  	 	63.61	% 	 	 	32,101,010	  	  	 	28,890,909.37	  
										
	 07389KAA9
	  	BSA20701	  	IA1	  	 	600,776,000	  	  	 	54,000,000	  	  	 	43,200,000	  	  	 	26,582,696	  	  	 	85.40	% 	 	 	36,890,736	  	  	 	33,201,662.20	  
										
	 07389KAD3
	  	BSA20701	  	IIA1	  	 	217,780,000	  	  	 	217,780,000	  	  	 	174,224,000	  	  	 	98,425,575	  	  	 	78.91	% 	 	 	137,484,968	  	  	 	123,736,471.38	  
										
	 073914UV3
	  	BSM96006	  	B4	  	 	4,824,000	  	  	 	1,472,924	  	  	 	1,178,339	  	  	 	107,275	  	  	 	18.73	% 	 	 	220,735	  	  	 	198,661.44	  
										
	 073914VS9
	  	BSM97004	  	B4	  	 	2,064,600	  	  	 	2,064,600	  	  	 	1,651,680	  	  	 	97,564	  	  	 	13.49	% 	 	 	222,801	  	  	 	200,520.72	  
										
	 073914VT7
	  	BSM97004	  	B5	  	 	1,335,900	  	  	 	1,335,900	  	  	 	1,068,720	  	  	 	64,335	  	  	 	13.62	% 	 	 	145,507	  	  	 	130,956.34	  

  
 55 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 073914VU4
	  	BSM97004	  	B6	  	 	1,457,796	  	  	 	1,457,796	  	  	 	1,166,237	  	  	 	27,771	  	  	 	6.17	% 	 	 	71,948	  	  	 	64,753.20	  
										
	 07400NAS9
	  	BSF07AR5	  	IIA1	  	 	383,210,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	23,257,090	  	  	 	88.95	% 	 	 	35,579,208	  	  	 	32,021,287.56	  
										
	 07400NAT7
	  	BSF07AR5	  	IIA2	  	 	191,605,000	  	  	 	84,105,000	  	  	 	67,284,000	  	  	 	39,120,752	  	  	 	88.95	% 	 	 	59,847,786	  	  	 	53,863,007.80	  
										
	 07401CAS2
	  	BSAT0704	  	II1A1	  	 	185,316,000	  	  	 	103,993,266	  	  	 	83,194,613	  	  	 	44,317,979	  	  	 	89.18	% 	 	 	74,194,227	  	  	 	66,774,804.44	  
										
	 07401NAC3
	  	BSF06AR5	  	IA3	  	 	75,868,000	  	  	 	9,000,000	  	  	 	7,200,000	  	  	 	—  	  	  	 	86.33	% 	 	 	6,215,911	  	  	 	5,594,320.08	  
										
	 07401NAP4
	  	BSF06AR5	  	IIA1	  	 	550,417,000	  	  	 	180,000,000	  	  	 	144,000,000	  	  	 	79,174,806	  	  	 	81.78	% 	 	 	117,761,142	  	  	 	105,985,027.76	  
										
	 07401NAQ2
	  	BSF06AR5	  	IIA2	  	 	275,208,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	16,485,111	  	  	 	81.78	% 	 	 	26,169,143	  	  	 	23,552,228.39	  
										
	 07401TAB2
	  	BSF07AR2	  	A2	  	 	215,458,000	  	  	 	16,150,000	  	  	 	12,920,000	  	  	 	6,866,402	  	  	 	83.81	% 	 	 	10,828,462	  	  	 	9,745,616.15	  
										
	 07401VAQ4
	  	BSF07AR3	  	II1A2	  	 	181,097,000	  	  	 	90,097,000	  	  	 	72,077,600	  	  	 	40,906,393	  	  	 	86.70	% 	 	 	62,492,206	  	  	 	56,242,985.05	  
										
	 07401YAB1
	  	BSF07AR4	  	IA2	  	 	137,807,000	  	  	 	129,807,000	  	  	 	103,845,600	  	  	 	48,507,241	  	  	 	66.25	% 	 	 	68,801,575	  	  	 	61,921,417.81	  
										
	 07401YAR6
	  	BSF07AR4	  	IIA2A	  	 	118,614,000	  	  	 	118,614,000	  	  	 	94,891,200	  	  	 	56,418,658	  	  	 	88.26	% 	 	 	83,750,610	  	  	 	75,375,548.80	  
										
	 07820QBK0
	  	BVM04002	  	A4	  	 	91,857,000	  	  	 	91,857,000	  	  	 	73,485,600	  	  	 	10,726,630	  	  	 	28.19	% 	 	 	20,714,791	  	  	 	18,643,312.07	  
										
	 12543TAX3
	  	CWF06013	  	1A22	  	 	50,000,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	2,913,959	  	  	 	50.34	% 	 	 	20,135,343	  	  	 	18,121,808.81	  
										
	 12544RAN8
	  	CWF07004	  	1A13	  	 	153,624,270	  	  	 	153,624,270	  	  	 	122,899,416	  	  	 	40,285,154	  	  	 	80.63	% 	 	 	99,097,970	  	  	 	89,188,172.85	  
										
	 12544RCB2
	  	CWF07004	  	1A50	  	 	75,000,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	22,062,818	  	  	 	82.10	% 	 	 	49,260,124	  	  	 	44,334,111.62	  
										
	 12544VBF5
	  	CWF07005	  	A30	  	 	119,377,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	21,835,825	  	  	 	88.61	% 	 	 	70,887,557	  	  	 	63,798,801.19	  
										
	 12545AAL8
	  	CWF07008	  	1A11	  	 	57,000,000	  	  	 	57,000,000	  	  	 	45,600,000	  	  	 	17,985,053	  	  	 	83.11	% 	 	 	37,899,479	  	  	 	34,109,531.49	  
										
	 12545CAC4
	  	CWF07010	  	A3	  	 	54,347,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	1,247,115	  	  	 	96.79	% 	 	 	23,229,252	  	  	 	20,906,326.45	  

  
 56 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12566TAM9
	  	CMA06A07	  	IA12	  	 	248,547,000	  	  	 	108,547,000	  	  	 	86,837,600	  	  	 	35,234,186	  	  	 	72.51	% 	 	 	62,966,887	  	  	 	56,670,198.68	  
										
	 12566UAK0
	  	CMA07A02	  	IA10	  	 	20,000,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	6,299,855	  	  	 	74.59	% 	 	 	11,934,767	  	  	 	10,741,290.48	  
										
	 12566XAL2
	  	CMA07A07	  	IIA2	  	 	40,000,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	18,728,365	  	  	 	90.74	% 	 	 	29,036,082	  	  	 	26,132,474.16	  
										
	 12637HAL2
	  	CSM06004	  	1A11	  	 	44,100,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	6,735,820	  	  	 	70.85	% 	 	 	11,335,476	  	  	 	10,201,928.40	  
										
	 126670JX7
	  	CWF05HY9	  	3A1A	  	 	210,000,000	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	62,827,349	  	  	 	64.55	% 	 	 	103,279,241	  	  	 	92,951,316.58	  
										
	 12667F5E1
	  	CWA056CB	  	1A3	  	 	200,000,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	15,819,644	  	  	 	50.37	% 	 	 	30,224,579	  	  	 	27,202,120.81	  
										
	 12667F5F8
	  	CWA056CB	  	1A4	  	 	506,500,000	  	  	 	132,500,000	  	  	 	106,000,000	  	  	 	27,948,038	  	  	 	50.37	% 	 	 	53,396,756	  	  	 	48,057,080.10	  
										
	 12667FA47
	  	CWA04033	  	3A1	  	 	160,608,000	  	  	 	136,488,000	  	  	 	109,190,400	  	  	 	16,192,735	  	  	 	26.29	% 	 	 	28,702,062	  	  	 	25,831,855.66	  
										
	 12667FBS3
	  	CWA041T1	  	A3	  	 	29,901,900	  	  	 	29,901,900	  	  	 	23,921,520	  	  	 	—  	  	  	 	10.51	% 	 	 	2,514,318	  	  	 	2,262,886.55	  
										
	 12667FCJ2
	  	CWA044CB	  	3A1	  	 	52,046,000	  	  	 	37,046,000	  	  	 	29,636,800	  	  	 	2,776,278	  	  	 	19.23	% 	 	 	5,698,762	  	  	 	5,128,885.48	  
										
	 12667FF75
	  	CWA0430C	  	1A1	  	 	90,744,055	  	  	 	15,744,055	  	  	 	12,595,244	  	  	 	132,642	  	  	 	21.13	% 	 	 	2,661,006	  	  	 	2,394,905.20	  
										
	 12667FHJ7
	  	CWA049T1	  	A1	  	 	121,077,273	  	  	 	121,077,273	  	  	 	96,861,818	  	  	 	5,090,039	  	  	 	40.78	% 	 	 	39,497,442	  	  	 	35,547,697.45	  
										
	 12667FHK4
	  	CWA049T1	  	A2	  	 	12,107,727	  	  	 	12,107,727	  	  	 	9,686,182	  	  	 	509,004	  	  	 	40.78	% 	 	 	3,949,744	  	  	 	3,554,769.60	  
										
	 12667FLJ2
	  	CWA04J05	  	2A1	  	 	310,943,000	  	  	 	20,943,000	  	  	 	16,754,400	  	  	 	1,060,020	  	  	 	12.33	% 	 	 	2,066,159	  	  	 	1,859,543.27	  
										
	 12667FMA0
	  	CWA0416C	  	4A1	  	 	116,100,000	  	  	 	116,100,000	  	  	 	92,880,000	  	  	 	2,890,089	  	  	 	17.70	% 	 	 	16,443,745	  	  	 	14,799,370.93	  
										
	 12667FMZ5
	  	CWA0414T	  	A13	  	 	36,888,800	  	  	 	36,388,800	  	  	 	29,111,040	  	  	 	5,542,407	  	  	 	40.22	% 	 	 	11,708,891	  	  	 	10,538,002.07	  
										
	 12667FPX7
	  	CWA04015	  	2A1	  	 	172,300,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	6,373,230	  	  	 	28.65	% 	 	 	11,461,689	  	  	 	10,315,520.28	  

  
 57 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12667FQM0
	  	CWA0418C	  	2A5	  	 	201,366,500	  	  	 	87,366,500	  	  	 	69,893,200	  	  	 	2,584,377	  	  	 	14.13	% 	 	 	9,876,240	  	  	 	8,888,616.28	  
										
	 12667FR31
	  	CWA0436C	  	2A1	  	 	234,000,000	  	  	 	149,000,000	  	  	 	119,200,000	  	  	 	20,164,484	  	  	 	37.90	% 	 	 	45,179,090	  	  	 	40,661,180.74	  
										
	 12667FT88
	  	CWA05J01	  	2A1	  	 	76,616,000	  	  	 	48,886,000	  	  	 	39,108,800	  	  	 	7,918,763	  	  	 	51.67	% 	 	 	20,208,573	  	  	 	18,187,715.54	  
										
	 12667FVZ5
	  	CWA0426T	  	A1	  	 	328,345,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	4,829,818	  	  	 	33.52	% 	 	 	8,044,177	  	  	 	7,239,759.11	  
										
	 12667FWU5
	  	CWA0427C	  	A1	  	 	252,491,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	5,039,144	  	  	 	38.38	% 	 	 	7,676,345	  	  	 	6,908,710.32	  
										
	 12667FX34
	  	CWA053CB	  	1A5	  	 	116,305,555	  	  	 	91,305,555	  	  	 	73,044,444	  	  	 	18,211,213	  	  	 	48.35	% 	 	 	35,317,341	  	  	 	31,785,606.87	  
										
	 12667FYP4
	  	CWA0428C	  	2A7	  	 	95,000,000	  	  	 	95,000,000	  	  	 	76,000,000	  	  	 	7,815,837	  	  	 	31.58	% 	 	 	23,997,736	  	  	 	21,597,962.04	  
										
	 12667FZN8
	  	CWA0429C	  	A8	  	 	72,676,922	  	  	 	72,676,922	  	  	 	58,141,538	  	  	 	2,141,172	  	  	 	23.15	% 	 	 	13,462,177	  	  	 	12,115,959.17	  
										
	 12667FZQ1
	  	CWA0429C	  	A10	  	 	220,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	10,591,795	  	  	 	34.73	% 	 	 	27,784,150	  	  	 	25,005,734.64	  
										
	 12667GAA1
	  	CWA0513C	  	A1	  	 	413,200,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	2,234,495	  	  	 	53.47	% 	 	 	4,277,431	  	  	 	3,849,688.08	  
										
	 12667GAQ6
	  	CWR0512R	  	A2	  	 	223,811,596	  	  	 	98,811,596	  	  	 	79,049,277	  	  	 	11,667,060	  	  	 	31.05	% 	 	 	24,548,330	  	  	 	22,093,497.07	  
										
	 12667GCC5
	  	CWA05014	  	2A2	  	 	66,932,000	  	  	 	19,877,500	  	  	 	15,902,000	  	  	 	2,852,715	  	  	 	26.26	% 	 	 	4,175,644	  	  	 	3,758,079.60	  
										
	 12667GCH4
	  	CWA05014	  	4A1	  	 	137,012,000	  	  	 	28,987,000	  	  	 	23,189,600	  	  	 	4,233,472	  	  	 	25.96	% 	 	 	6,021,072	  	  	 	5,418,965.09	  
										
	 12667GFZ1
	  	CWA0519C	  	A1	  	 	231,462,073	  	  	 	9,401,750	  	  	 	7,521,400	  	  	 	2,068,613	  	  	 	53.63	% 	 	 	4,033,430	  	  	 	3,630,086.64	  
										
	 12667GGA5
	  	CWA0519C	  	A2	  	 	105,210,032	  	  	 	105,210,032	  	  	 	84,168,026	  	  	 	23,148,761	  	  	 	53.63	% 	 	 	45,135,985	  	  	 	40,622,386.32	  
										
	 12667GL76
	  	CWA05027	  	1A1	  	 	70,000,000	  	  	 	70,000,000	  	  	 	56,000,000	  	  	 	11,876,549	  	  	 	30.77	% 	 	 	17,229,556	  	  	 	15,506,600.41	  
										
	 12667GLD3
	  	CWA0523C	  	A3	  	 	40,000,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	8,347,391	  	  	 	52.54	% 	 	 	16,812,443	  	  	 	15,131,198.88	  
										
	 12667GLP6
	  	CWA0523C	  	A13	  	 	72,261,000	  	  	 	72,261,000	  	  	 	57,808,800	  	  	 	14,832,247	  	  	 	52.26	% 	 	 	30,213,162	  	  	 	27,191,845.99	  

  
 58 

																																	
	Cusip	  	Deal Name	  	 Tranche
 Name
	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	 Original
 Balance -
 Dutch State
	 	  	 Current
 Balance -
 Dutch State

(indicative

as of 5 Oct
 2012
	 	  	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	  	 90% of Cut-off

value - Dutch
 State
	 
										
	 12667GM67
	  	CWA05027	  	1A8	  	 	68,167,000	  	  	 	68,167,000	  	  	 	54,533,600	  	  	 	12,094,848	  	  	 	30.77	% 	 	 	16,778,389	  	  	 	15,100,549.98	  
										
	 12667GMD2
	  	CWA05016	  	A2	  	 	18,750,000	  	  	 	18,750,000	  	  	 	15,000,000	  	  	 	3,194,520	  	  	 	29.15	% 	 	 	4,372,601	  	  	 	3,935,340.45	  
										
	 12667GMH3
	  	CWA05016	  	A6	  	 	75,366,000	  	  	 	75,366,000	  	  	 	60,292,800	  	  	 	12,840,438	  	  	 	29.15	% 	 	 	17,575,755	  	  	 	15,818,179.65	  
										
	 12667GNS8
	  	CWA05024	  	1A1	  	 	250,652,000	  	  	 	144,000,000	  	  	 	115,200,000	  	  	 	24,361,323	  	  	 	29.48	% 	 	 	33,959,469	  	  	 	30,563,521.76	  
										
	 12667GNT6
	  	CWA05024	  	1A2	  	 	50,273,000	  	  	 	50,273,000	  	  	 	40,218,400	  	  	 	8,315,485	  	  	 	29.48	% 	 	 	11,855,864	  	  	 	10,670,277.29	  
										
	 12667GNV1
	  	CWA05024	  	2A1A	  	 	110,000,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	13,709,620	  	  	 	30.76	% 	 	 	18,454,325	  	  	 	16,608,892.21	  
										
	 12667GNW9
	  	CWA05024	  	2A2	  	 	38,188,000	  	  	 	23,188,000	  	  	 	18,550,400	  	  	 	3,631,817	  	  	 	30.76	% 	 	 	5,705,585	  	  	 	5,135,026.57	  
										
	 12667GPC1
	  	CWA05024	  	4A2	  	 	139,398,000	  	  	 	53,614,615	  	  	 	42,891,692	  	  	 	8,931,500	  	  	 	29.19	% 	 	 	12,518,284	  	  	 	11,266,455.52	  
										
	 12667GPD9
	  	CWA05024	  	4A3	  	 	83,640,000	  	  	 	54,002,666	  	  	 	43,202,133	  	  	 	8,330,955	  	  	 	29.19	% 	 	 	12,608,889	  	  	 	11,347,999.69	  
										
	 12667GPL1
	  	CWA05024	  	IIM	  	 	38,954,000	  	  	 	8,954,000	  	  	 	7,163,200	  	  	 	—  	  	  	 	89.46	% 	 	 	6,408,419	  	  	 	5,767,577.06	  
										
	 12667GRC9
	  	CWA0525T	  	A2	  	 	84,737,000	  	  	 	84,737,000	  	  	 	67,789,600	  	  	 	17,681,838	  	  	 	53.89	% 	 	 	36,528,782	  	  	 	32,875,903.91	  
										
	 12667GRE5
	  	CWA0525T	  	A4	  	 	60,526,429	  	  	 	30,526,429	  	  	 	24,421,143	  	  	 	6,369,866	  	  	 	53.89	% 	 	 	13,159,461	  	  	 	11,843,515.19	  
										
	 12667GRX3
	  	CWA05017	  	1A3	  	 	122,280,000	  	  	 	112,280,000	  	  	 	89,824,000	  	  	 	17,512,551	  	  	 	27.92	% 	 	 	25,082,142	  	  	 	22,573,927.46	  
										
	 12667GS20
	  	CWA05041	  	2A2	  	 	107,814,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	2,018,139	  	  	 	35.13	% 	 	 	2,810,125	  	  	 	2,529,112.32	  
										
	 12667GTM5
	  	CWA0526C	  	A1	  	 	130,000,000	  	  	 	35,000,000	  	  	 	28,000,000	  	  	 	7,255,179	  	  	 	51.04	% 	 	 	14,291,928	  	  	 	12,862,735.20	  
										
	 12667GTT0
	  	CWA0526C	  	A7	  	 	187,123,493	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	15,546,812	  	  	 	51.04	% 	 	 	30,625,561	  	  	 	27,563,005.03	  
										
	 12667GUZ4
	  	CWA05024	  	2A1C	  	 	7,820,000	  	  	 	7,820,000	  	  	 	6,256,000	  	  	 	1,429,456	  	  	 	30.76	% 	 	 	1,924,171	  	  	 	1,731,753.83	  

  
 59 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12667GYZ0
	  	CWA05031	  	1A3	  	 	70,732,000	  	  	 	70,732,000	  	  	 	56,585,600	  	  	 	17,084,650	  	  	 	38.15	% 	 	 	21,590,055	  	  	 	19,431,049.55	  
										
	 12667GZ48
	  	CWA05038	  	A4	  	 	297,403,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	9,599,247	  	  	 	33.55	% 	 	 	13,421,697	  	  	 	12,079,527.01	  
										
	 12667GZX4
	  	CWA05036	  	3A1	  	 	215,015,000	  	  	 	163,015,000	  	  	 	130,412,000	  	  	 	37,241,232	  	  	 	42.29	% 	 	 	55,153,120	  	  	 	49,637,807.91	  
										
	 126680AE7
	  	CWA07OA7	  	A2B	  	 	118,747,000	  	  	 	118,747,000	  	  	 	94,997,600	  	  	 	54,808,758	  	  	 	79.03	% 	 	 	75,078,148	  	  	 	67,570,333.40	  
										
	 12668ACP8
	  	CWA05051	  	2A1	  	 	269,597,000	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	3,259,256	  	  	 	38.64	% 	 	 	4,636,275	  	  	 	4,172,647.37	  
										
	 12668AGW9
	  	CWA05056	  	3A1	  	 	259,608,000	  	  	 	9,500,000	  	  	 	7,600,000	  	  	 	1,247,604	  	  	 	23.28	% 	 	 	1,769,179	  	  	 	1,592,261.28	  
										
	 12668AGX7
	  	CWA05056	  	3A2	  	 	108,170,000	  	  	 	66,170,000	  	  	 	52,936,000	  	  	 	8,504,756	  	  	 	23.28	% 	 	 	12,322,798	  	  	 	11,090,518.22	  
										
	 12668AKU8
	  	CWA0553T	  	2A6	  	 	113,698,000	  	  	 	96,698,000	  	  	 	77,358,400	  	  	 	29,485,716	  	  	 	59.61	% 	 	 	46,109,871	  	  	 	41,498,884.05	  
										
	 12668ANB7
	  	CWA0555C	  	2A4	  	 	40,787,791	  	  	 	40,787,791	  	  	 	32,630,233	  	  	 	15,824,139	  	  	 	70.37	% 	 	 	22,960,818	  	  	 	20,664,736.57	  
										
	 12668AWJ0
	  	CWA05058	  	A2	  	 	100,000,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	15,577,413	  	  	 	63.34	% 	 	 	20,268,381	  	  	 	18,241,542.48	  
										
	 12668AXL4
	  	CWA05063	  	5A1	  	 	177,693,000	  	  	 	79,400,000	  	  	 	63,520,000	  	  	 	24,025,207	  	  	 	65.86	% 	 	 	41,835,775	  	  	 	37,652,197.28	  
										
	 12668BBP7
	  	CWA05081	  	A2	  	 	161,209,000	  	  	 	80,000,000	  	  	 	64,000,000	  	  	 	32,160,938	  	  	 	69.19	% 	 	 	44,282,578	  	  	 	39,854,320.59	  
										
	 12668BCH4
	  	CWA0577T	  	1A3	  	 	78,000,000	  	  	 	78,000,000	  	  	 	62,400,000	  	  	 	29,183,917	  	  	 	68.29	% 	 	 	42,614,495	  	  	 	38,353,045.70	  
										
	 12668BCJ0
	  	CWA0577T	  	1A4	  	 	26,000,000	  	  	 	26,000,000	  	  	 	20,800,000	  	  	 	9,727,972	  	  	 	68.29	% 	 	 	14,204,831	  	  	 	12,784,348.08	  
										
	 12668BCL5
	  	CWA0577T	  	2A2	  	 	258,130,400	  	  	 	158,130,400	  	  	 	126,504,320	  	  	 	49,574,095	  	  	 	65.56	% 	 	 	82,933,793	  	  	 	74,640,414.10	  
										
	 12668BDK6
	  	CWA05076	  	3A2	  	 	38,648,000	  	  	 	38,648,000	  	  	 	30,918,400	  	  	 	5,637,832	  	  	 	26.81	% 	 	 	8,288,711	  	  	 	7,459,840.23	  
										
	 12668BJZ7
	  	CWA06J01	  	1A3	  	 	193,835,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	17,349,236	  	  	 	73.72	% 	 	 	29,487,075	  	  	 	26,538,367.18	  
										
	 12668BKM4
	  	CWA06J01	  	2A1	  	 	62,259,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	4,991,942	  	  	 	38.72	% 	 	 	7,743,017	  	  	 	6,968,715.12	  

  
 60 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12668BMY6
	  	CWA065T2	  	A5	  	 	52,980,000	  	  	 	42,980,000	  	  	 	34,384,000	  	  	 	11,802,295	  	  	 	56.00	% 	 	 	19,254,509	  	  	 	17,329,058.39	  
										
	 12668BUH4
	  	CWA06H10	  	2A1	  	 	83,556,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	12,963,006	  	  	 	74.39	% 	 	 	17,854,128	  	  	 	16,068,715.20	  
										
	 12668BVA8
	  	CWA069T1	  	A1	  	 	246,852,572	  	  	 	107,852,572	  	  	 	86,282,058	  	  	 	31,948,396	  	  	 	61.53	% 	 	 	53,091,023	  	  	 	47,781,920.75	  
										
	 12668BWF6
	  	CWA0611C	  	3A1	  	 	191,593,000	  	  	 	27,700,000	  	  	 	22,160,000	  	  	 	7,135,867	  	  	 	54.16	% 	 	 	12,001,346	  	  	 	10,801,211.77	  
										
	 12668BWW9
	  	CWA0612C	  	A1	  	 	78,500,000	  	  	 	52,000,000	  	  	 	41,600,000	  	  	 	14,324,748	  	  	 	57.11	% 	 	 	23,758,315	  	  	 	21,382,483.15	  
										
	 12668BXA6
	  	CWA0612C	  	A5	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	27,760,838	  	  	 	57.38	% 	 	 	45,907,721	  	  	 	41,316,949.22	  
										
	 12668BXF5
	  	CWA0612C	  	A10	  	 	160,000,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	3,474,195	  	  	 	66.33	% 	 	 	5,306,592	  	  	 	4,775,932.80	  
										
	 12668BXG3
	  	CWA0612C	  	A11	  	 	40,000,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	13,896,781	  	  	 	66.33	% 	 	 	21,226,367	  	  	 	19,103,730.48	  
										
	 12668BYB3
	  	CWA067CB	  	1A10	  	 	50,000,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	14,520,401	  	  	 	57.70	% 	 	 	23,081,209	  	  	 	20,773,088.06	  
										
	 12668BZR7
	  	CWA0613T	  	A15	  	 	45,000,000	  	  	 	45,000,000	  	  	 	36,000,000	  	  	 	18,103,110	  	  	 	77.17	% 	 	 	27,781,397	  	  	 	25,003,257.45	  
										
	 126694A40
	  	CWA06OA1	  	2A2	  	 	192,739,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	10,421,776	  	  	 	56.72	% 	 	 	13,612,720	  	  	 	12,251,447.70	  
										
	 126694AA6
	  	CWF05019	  	1A1	  	 	180,562,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	7,991,429	  	  	 	63.84	% 	 	 	25,537,774	  	  	 	22,983,996.78	  
										
	 126694BL1
	  	CWF05HY6	  	3A1	  	 	69,060,000	  	  	 	69,060,000	  	  	 	55,248,000	  	  	 	27,392,798	  	  	 	69.01	% 	 	 	38,126,629	  	  	 	34,313,966.05	  
										
	 126694BP2
	  	CWF05HY6	  	4A1A	  	 	140,000,000	  	  	 	140,000,000	  	  	 	112,000,000	  	  	 	45,708,924	  	  	 	69.94	% 	 	 	78,331,471	  	  	 	70,498,324.01	  
										
	 126694E95
	  	CWF06OA4	  	A1	  	 	421,730,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	11,619,211	  	  	 	53.75	% 	 	 	17,199,467	  	  	 	15,479,519.88	  
										
	 126694F29
	  	CWF06OA4	  	A2	  	 	175,721,000	  	  	 	57,180,000	  	  	 	45,744,000	  	  	 	16,609,662	  	  	 	53.75	% 	 	 	24,586,637	  	  	 	22,127,973.66	  
										
	 126694GF9
	  	CWF05HY7	  	4A1	  	 	100,528,000	  	  	 	100,528,000	  	  	 	80,422,400	  	  	 	30,505,545	  	  	 	56.31	% 	 	 	45,282,105	  	  	 	40,753,894.82	  

  
 61 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 126694K31
	  	CWF06006	  	A1	  	 	150,075,000	  	  	 	69,575,000	  	  	 	55,660,000	  	  	 	11,451,419	  	  	 	65.55	% 	 	 	36,484,215	  	  	 	32,835,793.35	  
										
	 126694KY3
	  	CWF05024	  	A32	  	 	50,000,572	  	  	 	50,000,572	  	  	 	40,000,458	  	  	 	—  	  	  	 	57.19	% 	 	 	22,876,159	  	  	 	20,588,543.26	  
										
	 126694M70
	  	CWF06OA5	  	1A2	  	 	191,584,000	  	  	 	106,584,000	  	  	 	85,267,200	  	  	 	24,266,559	  	  	 	40.94	% 	 	 	34,910,687	  	  	 	31,419,618.75	  
										
	 126694N53
	  	CWF06OA5	  	3A2	  	 	62,001,000	  	  	 	40,001,000	  	  	 	32,000,800	  	  	 	11,039,516	  	  	 	55.33	% 	 	 	17,706,697	  	  	 	15,936,027.29	  
										
	 126694NR5
	  	CWF05027	  	1A2	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	4,910,841	  	  	 	64.84	% 	 	 	51,870,710	  	  	 	46,683,639.07	  
										
	 126694PJ1
	  	CWF05028	  	A4	  	 	50,000,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	9,869,959	  	  	 	72.08	% 	 	 	28,832,393	  	  	 	25,949,153.84	  
										
	 126694RE0
	  	CWF05027	  	1A5	  	 	58,724,000	  	  	 	58,724,000	  	  	 	46,979,200	  	  	 	3,363,412	  	  	 	65.22	% 	 	 	30,640,208	  	  	 	27,576,187.29	  
										
	 126694TQ1
	  	CWF05030	  	A1	  	 	33,000,000	  	  	 	33,000,000	  	  	 	26,400,000	  	  	 	10,146,724	  	  	 	93.96	% 	 	 	24,806,284	  	  	 	22,325,655.30	  
										
	 126694US5
	  	CWF05031	  	4A1	  	 	135,252,000	  	  	 	135,252,000	  	  	 	108,201,600	  	  	 	20,261,150	  	  	 	64.02	% 	 	 	69,275,626	  	  	 	62,348,063.22	  
										
	 126694VP0
	  	CWF05H10	  	4A1	  	 	188,709,000	  	  	 	188,709,000	  	  	 	150,967,200	  	  	 	56,732,084	  	  	 	61.31	% 	 	 	92,556,899	  	  	 	83,301,209.22	  
										
	 126694VQ8
	  	CWF05H10	  	4A2	  	 	20,967,000	  	  	 	5,967,000	  	  	 	4,773,600	  	  	 	—  	  	  	 	61.31	% 	 	 	2,926,660	  	  	 	2,633,993.69	  
										
	 126694YK8
	  	CWF06003	  	1A2	  	 	154,857,000	  	  	 	39,857,000	  	  	 	31,885,600	  	  	 	7,769,432	  	  	 	39.57	% 	 	 	12,618,216	  	  	 	11,356,394.40	  
										
	 126694YL6
	  	CWF06003	  	1A3	  	 	51,619,000	  	  	 	21,619,000	  	  	 	17,295,200	  	  	 	4,214,249	  	  	 	39.57	% 	 	 	6,844,299	  	  	 	6,159,869.28	  
										
	 126694Z76
	  	CWF06010	  	1A1	  	 	85,911,000	  	  	 	33,911,000	  	  	 	27,128,800	  	  	 	5,457,350	  	  	 	72.19	% 	 	 	19,583,707	  	  	 	17,625,336.52	  
										
	 12669B2W1
	  	CWF01HY1	  	1A1	  	 	229,366,000	  	  	 	24,097,000	  	  	 	19,277,600	  	  	 	115,441	  	  	 	0.70	% 	 	 	134,476	  	  	 	121,028.04	  
										
	 12669B3B6
	  	CWF01HY1	  	M	  	 	8,537,000	  	  	 	4,268,500	  	  	 	3,414,800	  	  	 	90,301	  	  	 	3.54	% 	 	 	120,986	  	  	 	108,887.52	  
										
	 12669D2Y3
	  	CWF03HY2	  	1A1	  	 	383,147,000	  	  	 	19,600,000	  	  	 	15,680,000	  	  	 	277,604	  	  	 	3.73	% 	 	 	584,428	  	  	 	525,985.06	  
										
	 12669D2Z0
	  	CWF03HY2	  	2A1	  	 	125,871,000	  	  	 	93,871,000	  	  	 	75,096,800	  	  	 	1,363,922	  	  	 	19.28	% 	 	 	14,477,279	  	  	 	13,029,551.11	  

  
 62 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12669D4E5
	  	CWF03011	  	A3	  	 	15,000,000	  	  	 	13,000,000	  	  	 	10,400,000	  	  	 	—  	  	  	 	13.00	% 	 	 	1,352,408	  	  	 	1,217,167.35	  
										
	 12669D6U7
	  	CWF03009	  	A3	  	 	66,257,443	  	  	 	66,257,443	  	  	 	53,005,954	  	  	 	—  	  	  	 	2.97	% 	 	 	1,573,790	  	  	 	1,416,411.37	  
										
	 12669DFH6
	  	CWF02029	  	A2	  	 	83,325,777	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	—  	  	  	 	3.20	% 	 	 	639,198	  	  	 	575,278.56	  
										
	 12669DK64
	  	CWF03004	  	1A5	  	 	112,437,000	  	  	 	55,937,000	  	  	 	44,749,600	  	  	 	—  	  	  	 	14.60	% 	 	 	6,535,588	  	  	 	5,882,029.05	  
										
	 12669DQU5
	  	CWF02037	  	A6	  	 	44,100,461	  	  	 	41,600,461	  	  	 	33,280,369	  	  	 	609,033	  	  	 	11.87	% 	 	 	3,949,997	  	  	 	3,554,997.11	  
										
	 12669DRH3
	  	CWF02037	  	A19	  	 	38,009,112	  	  	 	38,009,112	  	  	 	30,407,290	  	  	 	320,408	  	  	 	9.45	% 	 	 	2,874,457	  	  	 	2,587,011.11	  
										
	 12669DS58
	  	CWF03005	  	A11	  	 	31,100,000	  	  	 	4,090,000	  	  	 	3,272,000	  	  	 	20,972	  	  	 	8.11	% 	 	 	265,454	  	  	 	238,908.96	  
										
	 12669DTS7
	  	CWF02038	  	A2	  	 	125,536,000	  	  	 	90,000,000	  	  	 	72,000,000	  	  	 	—  	  	  	 	10.75	% 	 	 	7,738,228	  	  	 	6,964,404.88	  
										
	 12669E7H3
	  	CWF03055	  	A3	  	 	28,897,109	  	  	 	28,897,109	  	  	 	23,117,687	  	  	 	299,392	  	  	 	17.73	% 	 	 	4,097,946	  	  	 	3,688,151.05	  
										
	 12669E7L4
	  	CWF03055	  	A6	  	 	28,196,583	  	  	 	18,196,583	  	  	 	14,557,266	  	  	 	1,045,568	  	  	 	22.63	% 	 	 	3,294,855	  	  	 	2,965,369.86	  
										
	 12669EC20
	  	CWF03036	  	A2	  	 	46,380,428	  	  	 	46,380,428	  	  	 	37,104,342	  	  	 	3,168,100	  	  	 	27.18	% 	 	 	10,085,846	  	  	 	9,077,261.05	  
										
	 12669ECD6
	  	CWF03021	  	A1	  	 	738,500,000	  	  	 	400,000,000	  	  	 	320,000,000	  	  	 	15,440,309	  	  	 	9.18	% 	 	 	29,387,343	  	  	 	26,448,608.74	  
										
	 12669EFX9
	  	CWF03J04	  	1A1	  	 	146,350,000	  	  	 	13,000,000	  	  	 	10,400,000	  	  	 	55,203	  	  	 	35.92	% 	 	 	3,736,168	  	  	 	3,362,550.85	  
										
	 12669EHN9
	  	CWF03027	  	A1	  	 	491,000,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	8,140,629	  	  	 	11.95	% 	 	 	14,337,607	  	  	 	12,903,846.70	  
										
	 12669EJL1
	  	CWF03J05	  	1A1	  	 	172,430,000	  	  	 	48,930,000	  	  	 	39,144,000	  	  	 	—  	  	  	 	14.85	% 	 	 	5,814,602	  	  	 	5,233,142.18	  
										
	 12669EPV2
	  	CWF03025	  	A2	  	 	125,937,500	  	  	 	125,937,500	  	  	 	100,750,000	  	  	 	7,666,743	  	  	 	24.69	% 	 	 	24,874,001	  	  	 	22,386,600.68	  
										
	 12669EQG4
	  	CWF03HY3	  	4A1	  	 	146,982,000	  	  	 	25,982,000	  	  	 	20,785,600	  	  	 	984,610	  	  	 	9.02	% 	 	 	1,874,017	  	  	 	1,686,615.54	  

  
 63 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12669EQK5
	  	CWF03HY3	  	7A1	  	 	182,240,000	  	  	 	126,240,000	  	  	 	100,992,000	  	  	 	9,051,897	  	  	 	26.30	% 	 	 	26,563,692	  	  	 	23,907,322.59	  
										
	 12669EU79
	  	CWF03048	  	1A1	  	 	98,531,000	  	  	 	47,781,000	  	  	 	38,224,800	  	  	 	5,954,998	  	  	 	45.27	% 	 	 	17,303,773	  	  	 	15,573,395.51	  
										
	 12669EUV6
	  	CWF03033	  	A2	  	 	107,951,382	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	460,627	  	  	 	6.46	% 	 	 	1,550,066	  	  	 	1,395,059.76	  
										
	 12669EWA0
	  	CWF03046	  	1A1	  	 	250,301,000	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	14,686,367	  	  	 	20.08	% 	 	 	32,133,298	  	  	 	28,919,968.42	  
										
	 12669EWD4
	  	CWF03046	  	2A1	  	 	200,196,000	  	  	 	200,196,000	  	  	 	160,156,800	  	  	 	19,772,144	  	  	 	19.85	% 	 	 	31,789,408	  	  	 	28,610,466.98	  
										
	 12669EY34
	  	CWF03J11	  	1A2	  	 	51,170,000	  	  	 	51,170,000	  	  	 	40,936,000	  	  	 	4,787,560	  	  	 	30.67	% 	 	 	12,556,664	  	  	 	11,300,997.65	  
										
	 12669EYS9
	  	CWF03037	  	2A1	  	 	377,252,914	  	  	 	151,251,329	  	  	 	121,001,063	  	  	 	10,196,305	  	  	 	17.48	% 	 	 	21,156,234	  	  	 	19,040,610.41	  
										
	 12669F2J1
	  	CWF04020	  	3A1	  	 	225,736,000	  	  	 	135,736,000	  	  	 	108,588,800	  	  	 	8,052,191	  	  	 	12.21	% 	 	 	13,263,887	  	  	 	11,937,498.53	  
										
	 12669FEX7
	  	CWF03J14	  	1A1	  	 	107,468,000	  	  	 	82,468,000	  	  	 	65,974,400	  	  	 	5,450,750	  	  	 	27.87	% 	 	 	18,384,258	  	  	 	16,545,832.26	  
										
	 12669FJE4
	  	CWF03060	  	3A1	  	 	96,243,000	  	  	 	49,243,000	  	  	 	39,394,400	  	  	 	2,852,465	  	  	 	23.31	% 	 	 	9,183,568	  	  	 	8,265,211.17	  
										
	 12669FJR5
	  	CWR0361R	  	A3	  	 	43,705,666	  	  	 	20,205,666	  	  	 	16,164,533	  	  	 	929,233	  	  	 	20.00	% 	 	 	3,233,271	  	  	 	2,909,943.45	  
										
	 12669FP56
	  	CWF04012	  	14A1	  	 	41,510,000	  	  	 	41,510,000	  	  	 	33,208,000	  	  	 	1,530,888	  	  	 	7.07	% 	 	 	2,348,918	  	  	 	2,114,026.14	  
										
	 12669FPW7
	  	CWF04003	  	A22	  	 	93,000,000	  	  	 	32,200,000	  	  	 	25,760,000	  	  	 	—  	  	  	 	17.49	% 	 	 	4,504,877	  	  	 	4,054,389.33	  
										
	 12669FRZ8
	  	CWF04004	  	A22	  	 	41,742,967	  	  	 	41,742,967	  	  	 	33,394,374	  	  	 	—  	  	  	 	20.62	% 	 	 	6,887,046	  	  	 	6,198,341.67	  
										
	 12669FSA2
	  	CWF04004	  	A23	  	 	40,000,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	—  	  	  	 	20.62	% 	 	 	6,599,479	  	  	 	5,939,531.48	  
										
	 12669FTL7
	  	CWF04HY2	  	5A	  	 	34,925,000	  	  	 	34,925,000	  	  	 	27,940,000	  	  	 	7,503,646	  	  	 	49.98	% 	 	 	13,963,466	  	  	 	12,567,119.33	  
										
	 12669FX73
	  	CWF04016	  	1A2	  	 	280,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	6,410,706	  	  	 	12.06	% 	 	 	9,645,334	  	  	 	8,680,800.89	  
										
	 12669FXP3
	  	CWF04007	  	5A1	  	 	52,135,000	  	  	 	28,435,000	  	  	 	22,748,000	  	  	 	1,354,435	  	  	 	9.46	% 	 	 	2,152,567	  	  	 	1,937,310.47	  

  
 64 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	Cut-off
value -
Dutch State	 	  	90% of Cut-off
value - Dutch
State	 
										
	 12669FYX5
	  	CWF04HY3	  	1A	  	 	123,612,000	  	  	 	5,000,000	  	  	 	4,000,000	  	  	 	232,819	  	  	 	9.95	% 	 	 	398,190	  	  	 	358,370.71	  
										
	 12669GA92
	  	CWF05HY3	  	3A1	  	 	100,000,000	  	  	 	99,000,000	  	  	 	79,200,000	  	  	 	24,978,700	  	  	 	57.32	% 	 	 	45,397,980	  	  	 	40,858,181.92	  
										
	 12669GAA9
	  	CWF04023	  	A	  	 	374,455,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	14,254,511	  	  	 	16.19	% 	 	 	19,422,800	  	  	 	17,480,519.82	  
										
	 12669GB91
	  	CWF05013	  	A1	  	 	139,000,000	  	  	 	102,100,000	  	  	 	81,680,000	  	  	 	—  	  	  	 	48.68	% 	 	 	39,761,157	  	  	 	35,785,041.45	  
										
	 12669GC41
	  	CWF05013	  	A4	  	 	100,000,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	7,863,946	  	  	 	61.16	% 	 	 	36,698,236	  	  	 	33,028,412.20	  
										
	 12669GCT6
	  	CWF04024	  	A5	  	 	24,039,608	  	  	 	24,039,608	  	  	 	19,231,686	  	  	 	9,335	  	  	 	35.70	% 	 	 	6,865,895	  	  	 	6,179,305.53	  
										
	 12669GDB4
	  	CWF04024	  	A8	  	 	16,920,686	  	  	 	16,920,686	  	  	 	13,536,549	  	  	 	—  	  	  	 	26.92	% 	 	 	3,643,916	  	  	 	3,279,524.36	  
										
	 12669GF55
	  	CWF05HY3	  	3A2	  	 	49,941,000	  	  	 	49,941,000	  	  	 	39,952,800	  	  	 	12,600,619	  	  	 	57.32	% 	 	 	22,901,217	  	  	 	20,611,095.59	  
										
	 12669GJB8
	  	CWF04029	  	2A1	  	 	291,782,000	  	  	 	19,926,000	  	  	 	15,940,800	  	  	 	2,130,064	  	  	 	19.16	% 	 	 	3,053,598	  	  	 	2,748,238.56	  
										
	 12669GJF9
	  	CWF04029	  	3A1	  	 	270,114,000	  	  	 	9,000,000	  	  	 	7,200,000	  	  	 	1,403,983	  	  	 	27.09	% 	 	 	1,950,644	  	  	 	1,755,579.60	  
										
	 12669GLL3
	  	CWF05HY1	  	2A1	  	 	84,220,000	  	  	 	59,220,000	  	  	 	47,376,000	  	  	 	8,182,253	  	  	 	25.39	% 	 	 	12,030,310	  	  	 	10,827,278.66	  
										
	 12669GM32
	  	CWF05HY4	  	2A2	  	 	51,983,000	  	  	 	51,983,000	  	  	 	41,586,400	  	  	 	4,127,658	  	  	 	52.49	% 	 	 	21,829,670	  	  	 	19,646,703.25	  
										
	 12669GMU2
	  	CWF05004	  	5A1	  	 	148,821,000	  	  	 	73,821,000	  	  	 	59,056,800	  	  	 	13,588,046	  	  	 	31.88	% 	 	 	18,827,076	  	  	 	16,944,368.60	  
										
	 12669GNP2
	  	CWF05007	  	2A1	  	 	382,964,000	  	  	 	16,316,000	  	  	 	13,052,800	  	  	 	1,258,974	  	  	 	14.32	% 	 	 	1,869,366	  	  	 	1,682,429.04	  
										
	 12669GPS4
	  	CWF05002	  	2A2	  	 	160,830,000	  	  	 	150,830,000	  	  	 	120,664,000	  	  	 	19,222,563	  	  	 	22.73	% 	 	 	27,422,033	  	  	 	24,679,829.54	  
										
	 12669GQ79
	  	CWF05015	  	A3	  	 	60,000,000	  	  	 	30,830,000	  	  	 	24,664,000	  	  	 	2,361,756	  	  	 	54.79	% 	 	 	13,513,946	  	  	 	12,162,551.32	  
										
	 12669GQM6
	  	CWF05HY1	  	1A2	  	 	37,131,000	  	  	 	13,131,000	  	  	 	10,504,800	  	  	 	2,466,418	  	  	 	32.04	% 	 	 	3,366,124	  	  	 	3,029,511.44	  

  
 65 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 12669GQV6
	  	CWF05005	  	A6	  	 	260,800,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	1,192,756	  	  	 	47.85	% 	 	 	28,707,703	  	  	 	25,836,932.72	  
										
	 12669GSN2
	  	CWF05001	  	2A3	  	 	150,000,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	18,964,953	  	  	 	24.19	% 	 	 	29,023,118	  	  	 	26,120,806.13	  
										
	 12669GSQ5
	  	CWF05006	  	1A1	  	 	51,666,666	  	  	 	51,666,666	  	  	 	41,333,333	  	  	 	6,513,513	  	  	 	57.35	% 	 	 	23,706,629	  	  	 	21,335,965.72	  
										
	 12669GTP6
	  	CWF05003	  	1A1	  	 	275,000,000	  	  	 	275,000,000	  	  	 	220,000,000	  	  	 	43,955,074	  	  	 	26.85	% 	 	 	59,076,137	  	  	 	53,168,523.21	  
										
	 12669GUR0
	  	CWF05011	  	4A1	  	 	246,078,000	  	  	 	49,315,000	  	  	 	39,452,000	  	  	 	7,049,721	  	  	 	24.44	% 	 	 	9,643,721	  	  	 	8,679,348.73	  
										
	 12669GUS8
	  	CWF05011	  	4A2	  	 	105,461,000	  	  	 	17,785,000	  	  	 	14,228,000	  	  	 	2,494,840	  	  	 	24.45	% 	 	 	3,478,182	  	  	 	3,130,364.21	  
										
	 12669GUX7
	  	CWF05011	  	6A1	  	 	191,542,000	  	  	 	9,452,000	  	  	 	7,561,600	  	  	 	942,917	  	  	 	17.08	% 	 	 	1,291,150	  	  	 	1,162,035.36	  
										
	 12669GW23
	  	CWF05J02	  	3A11	  	 	52,125,000	  	  	 	52,125,000	  	  	 	41,700,000	  	  	 	2,978,026	  	  	 	61.40	% 	 	 	25,603,234	  	  	 	23,042,910.91	  
										
	 12669GWU1
	  	CWF05HY2	  	2A	  	 	305,287,000	  	  	 	174,037,000	  	  	 	139,229,600	  	  	 	42,201,329	  	  	 	48.66	% 	 	 	67,753,045	  	  	 	60,977,740.29	  
										
	 12669GXT3
	  	CWF05012	  	2A4	  	 	327,000,000	  	  	 	70,165,000	  	  	 	56,132,000	  	  	 	9,568,922	  	  	 	62.62	% 	 	 	35,151,059	  	  	 	31,635,952.85	  
										
	 12669GY70
	  	CWF05HY5	  	3A1	  	 	210,748,000	  	  	 	210,748,000	  	  	 	168,598,400	  	  	 	70,689,924	  	  	 	67.26	% 	 	 	113,406,693	  	  	 	102,066,023.30	  
										
	 12669GYZ8
	  	CWF05009	  	1A2	  	 	200,000,000	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	29,549,413	  	  	 	26.82	% 	 	 	42,918,370	  	  	 	38,626,532.93	  
										
	 12669UCP3
	  	CWF06R01	  	AF2	  	 	115,824,000	  	  	 	49,824,000	  	  	 	39,859,200	  	  	 	9,083,319	  	  	 	57.44	% 	 	 	22,894,620	  	  	 	20,605,158.13	  
										
	 15132EHJ0
	  	CND04002	  	A2	  	 	47,575,358	  	  	 	47,575,358	  	  	 	38,060,286	  	  	 	—  	  	  	 	32.89	% 	 	 	12,517,447	  	  	 	11,265,702.25	  
										
	 16162T5J1
	  	CMF03S05	  	A3	  	 	14,000,000	  	  	 	14,000,000	  	  	 	11,200,000	  	  	 	—  	  	  	 	30.47	% 	 	 	3,412,288	  	  	 	3,071,058.94	  
										
	 16162WDT3
	  	CMF03S14	  	IIA2	  	 	57,783,000	  	  	 	37,783,000	  	  	 	30,226,400	  	  	 	—  	  	  	 	50.62	% 	 	 	15,299,140	  	  	 	13,769,226.16	  
										
	 16162WKL2
	  	CMF05S01	  	1A6	  	 	39,000,000	  	  	 	19,000,000	  	  	 	15,200,000	  	  	 	—  	  	  	 	53.45	% 	 	 	8,124,137	  	  	 	7,311,722.97	  
										
	 16162WMH9
	  	CMF05S02	  	A21	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	—  	  	  	 	60.76	% 	 	 	48,606,221	  	  	 	43,745,598.86	  

  
 66 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 16162WPE3
	  	CMF05A01	  	2A2	  	 	463,945,800	  	  	 	127,000,000	  	  	 	101,600,000	  	  	 	3,322,154	  	  	 	47.84	% 	 	 	48,609,297	  	  	 	43,748,366.88	  
										
	 16162WQC6
	  	CMF05A02	  	2A1	  	 	167,245,500	  	  	 	167,245,500	  	  	 	133,796,400	  	  	 	29,741,865	  	  	 	71.38	% 	 	 	95,505,753	  	  	 	85,955,177.91	  
										
	 16162YAP0
	  	CMF06S04	  	A14	  	 	71,200,000	  	  	 	26,200,000	  	  	 	20,960,000	  	  	 	3,039,050	  	  	 	65.73	% 	 	 	13,776,877	  	  	 	12,399,189.38	  
										
	 161630CF3
	  	CMF07A01	  	13A1	  	 	180,075,000	  	  	 	83,075,000	  	  	 	66,460,000	  	  	 	12,969,814	  	  	 	74.66	% 	 	 	49,615,826	  	  	 	44,654,243.08	  
										
	 16163BBD5
	  	CMF06S02	  	2A8	  	 	101,372,000	  	  	 	101,372,000	  	  	 	81,097,600	  	  	 	—  	  	  	 	2.22	% 	 	 	1,799,202	  	  	 	1,619,281.43	  
										
	 16163CAF9
	  	CMF06A01	  	2A1	  	 	324,171,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	1,146,387	  	  	 	44.34	% 	 	 	26,603,620	  	  	 	23,943,257.64	  
										
	 16163HAN1
	  	CMF07S03	  	1A13	  	 	175,000,000	  	  	 	175,000,000	  	  	 	140,000,000	  	  	 	37,056,875	  	  	 	81.74	% 	 	 	114,440,686	  	  	 	102,996,617.35	  
										
	 16163HAT8
	  	CMF07S03	  	1A18	  	 	178,572,000	  	  	 	123,000,000	  	  	 	98,400,000	  	  	 	40,681,013	  	  	 	87.61	% 	 	 	86,203,459	  	  	 	77,583,113.49	  
										
	 16165MAD0
	  	CFX06002	  	A2B	  	 	103,408,200	  	  	 	28,300,000	  	  	 	22,640,000	  	  	 	11,088,988	  	  	 	100.00	% 	 	 	22,640,000	  	  	 	20,376,000.00	  
										
	 16165TAB9
	  	CFX05001	  	1A2	  	 	33,080,000	  	  	 	33,080,000	  	  	 	26,464,000	  	  	 	6,049,723	  	  	 	48.79	% 	 	 	12,913,008	  	  	 	11,621,707.20	  
										
	 172905AN1
	  	CTB8600J	  	A	  	 	119,385,654	  	  	 	15,626,394	  	  	 	12,501,116	  	  	 	—  	  	  	 	0.16	% 	 	 	19,924	  	  	 	17,931.60	  
										
	 172905BB6
	  	CTB8600P	  	A	  	 	123,841,901	  	  	 	17,777,424	  	  	 	14,221,940	  	  	 	—  	  	  	 	0.47	% 	 	 	66,349	  	  	 	59,713.92	  
										
	 172905BE0
	  	CTB8700A	  	A1	  	 	104,022,815	  	  	 	5,001,097	  	  	 	4,000,877	  	  	 	—  	  	  	 	0.50	% 	 	 	19,878	  	  	 	17,889.84	  
										
	 172905BG5
	  	CTB8700B	  	A1	  	 	123,081,951	  	  	 	20,001,129	  	  	 	16,000,904	  	  	 	—  	  	  	 	0.59	% 	 	 	94,802	  	  	 	85,322.15	  
										
	 1729734Y2
	  	CMS06001	  	IA7	  	 	317,941,811	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	13,375,700	  	  	 	78.46	% 	 	 	94,148,197	  	  	 	84,733,377.48	  
										
	 172973A90
	  	CMS04005	  	IVA1	  	 	87,569,015	  	  	 	39,444,015	  	  	 	31,555,212	  	  	 	—  	  	  	 	52.65	% 	 	 	16,612,637	  	  	 	14,951,373.64	  
										
	 172973L49
	  	CMS04009	  	1A10	  	 	102,565,926	  	  	 	76,565,926	  	  	 	61,252,741	  	  	 	—  	  	  	 	48.83	% 	 	 	29,909,473	  	  	 	26,918,525.57	  

  
 67 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
	 172973Z44
	  	CMS05005	  	IA9	  	 	98,839,000	  	  	 	92,839,000	  	  	 	74,271,200	  	  	 	—  	  	  	 	63.73	% 	 	 	47,331,588	  	  	 	42,598,429.59	  
										
	 172973ZW2
	  	CMS04005	  	IA30	  	 	19,717,646	  	  	 	19,717,646	  	  	 	15,774,117	  	  	 	—  	  	  	 	55.47	% 	 	 	8,749,256	  	  	 	7,874,329.98	  
										
	 17307GA73
	  	CML05007	  	1A4	  	 	74,921,000	  	  	 	74,921,000	  	  	 	59,936,800	  	  	 	21,152,027	  	  	 	58.34	% 	 	 	34,969,804	  	  	 	31,472,823.47	  
										
	 17307GAU2
	  	CML03UP3	  	A2	  	 	181,487,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	2,029,230	  	  	 	15.75	% 	 	 	3,779,455	  	  	 	3,401,509.68	  
										
	 17307GBD9
	  	CML03001	  	IIA1	  	 	150,750,000	  	  	 	55,750,000	  	  	 	44,600,000	  	  	 	—  	  	  	 	43.59	% 	 	 	19,442,970	  	  	 	17,498,672.90	  
										
	 17307GE61
	  	CML05008	  	IA3A	  	 	95,299,000	  	  	 	95,299,000	  	  	 	76,239,200	  	  	 	37,039,562	  	  	 	71.79	% 	 	 	54,732,718	  	  	 	49,259,446.08	  
										
	 17307GEY0
	  	CML04001	  	1A3	  	 	6,243,125	  	  	 	6,243,125	  	  	 	4,994,500	  	  	 	301,401	  	  	 	16.16	% 	 	 	807,193	  	  	 	726,473.52	  
										
	 17307GL89
	  	CML05009	  	II12A2	  	 	94,800,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	6,871,005	  	  	 	63.81	% 	 	 	10,210,281	  	  	 	9,189,252.72	  
										
	 17307GY77
	  	CML05012	  	IIA2	  	 	4,377,125	  	  	 	4,377,125	  	  	 	3,501,700	  	  	 	2,378,695	  	  	 	71.24	% 	 	 	2,494,534	  	  	 	2,245,080.96	  
										
	 17309FAH1
	  	CML06AR5	  	1A5A	  	 	258,217,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	17,645,229	  	  	 	75.62	% 	 	 	30,246,051	  	  	 	27,221,445.72	  
										
	 17312FAE3
	  	CMS07003	  	IA5	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	5,080,162	  	  	 	82.88	% 	 	 	66,307,736	  	  	 	59,676,962.26	  
										
	 17312VAV0
	  	CML07006	  	2A4	  	 	78,757,000	  	  	 	39,378,500	  	  	 	31,502,800	  	  	 	15,214,662	  	  	 	85.41	% 	 	 	26,906,763	  	  	 	24,216,086.88	  
										
	 18976GAL0
	  	CMA07A06	  	IA11	  	 	50,655,000	  	  	 	4,000,000	  	  	 	3,200,000	  	  	 	1,381,499	  	  	 	81.42	% 	 	 	2,605,511	  	  	 	2,344,960.08	  
										
	 22540VG63
	  	CSF02009	  	IA1	  	 	244,598,300	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	653,815	  	  	 	3.70	% 	 	 	887,532	  	  	 	798,778.80	  
										
	 22541Q4V1
	  	CSF04AR1	  	IIA1	  	 	138,555,000	  	  	 	69,765,000	  	  	 	55,812,000	  	  	 	4,043,493	  	  	 	14.94	% 	 	 	8,335,702	  	  	 	7,502,131.72	  
										
	 22541QPW6
	  	CSF03021	  	IIIA1	  	 	137,888,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	—  	  	  	 	5.40	% 	 	 	2,158,869	  	  	 	1,942,982.53	  
										
	 22541QT85
	  	CSF03A28	  	IIA1	  	 	301,756,000	  	  	 	114,756,000	  	  	 	91,804,800	  	  	 	7,484,355	  	  	 	17.53	% 	 	 	16,092,149	  	  	 	14,482,934.15	  
										
	 22541SGN2
	  	CSF04003	  	IIIA1	  	 	83,004,700	  	  	 	37,004,700	  	  	 	29,603,760	  	  	 	—  	  	  	 	16.12	% 	 	 	4,771,109	  	  	 	4,293,997.87	  

  
 68 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 22541SHZ4
	  	CSF04AR5	  	2A1	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	15,447,707	  	  	 	40.21	% 	 	 	32,170,488	  	  	 	28,953,439.06	  
										
	 22541SNU8
	  	CSF04AR6	  	2A1	  	 	191,240,000	  	  	 	116,240,000	  	  	 	92,992,000	  	  	 	16,323,412	  	  	 	38.19	% 	 	 	35,513,224	  	  	 	31,961,901.19	  
										
	 22541SRP5
	  	CSF04AR7	  	2A1	  	 	287,200,000	  	  	 	48,875,000	  	  	 	39,100,000	  	  	 	5,387,263	  	  	 	29.14	% 	 	 	11,393,453	  	  	 	10,254,107.74	  
										
	 22541SZF8
	  	CSF04005	  	IA8	  	 	56,768,629	  	  	 	29,210,000	  	  	 	23,368,000	  	  	 	—  	  	  	 	11.90	% 	 	 	2,781,025	  	  	 	2,502,922.06	  
										
	 2254582C1
	  	CSF05008	  	IVA1	  	 	46,286,826	  	  	 	46,286,826	  	  	 	37,029,461	  	  	 	19,928,234	  	  	 	66.71	% 	 	 	24,703,379	  	  	 	22,233,041.28	  
										
	 2254582D9
	  	CSF05008	  	VA1	  	 	30,000,000	  	  	 	18,181,818	  	  	 	14,545,454	  	  	 	6,889,770	  	  	 	65.56	% 	 	 	9,535,663	  	  	 	8,582,096.81	  
										
	 2254582J6
	  	CSF05008	  	VIIIA1	  	 	76,152,853	  	  	 	49,452,853	  	  	 	39,562,282	  	  	 	12,232,458	  	  	 	43.16	% 	 	 	17,075,353	  	  	 	15,367,817.52	  
										
	 2254585U8
	  	CSF05009	  	IVA1	  	 	29,000,000	  	  	 	29,000,000	  	  	 	23,200,000	  	  	 	11,406,676	  	  	 	73.17	% 	 	 	16,975,728	  	  	 	15,278,155.20	  
										
	 225458FJ2
	  	CSF05002	  	VA1	  	 	74,375,711	  	  	 	73,375,711	  	  	 	58,700,569	  	  	 	—  	  	  	 	12.44	% 	 	 	7,301,765	  	  	 	6,571,588.70	  
										
	 225458KE7
	  	CSF05003	  	IIIA9	  	 	21,417,856	  	  	 	10,232,143	  	  	 	8,185,714	  	  	 	1,161,292	  	  	 	68.37	% 	 	 	5,596,204	  	  	 	5,036,583.90	  
										
	 225458KJ6
	  	CSF05003	  	IIIA13	  	 	65,743,014	  	  	 	55,743,014	  	  	 	44,594,411	  	  	 	—  	  	  	 	48.17	% 	 	 	21,479,739	  	  	 	19,331,765.04	  
										
	 225458PN2
	  	CSF05004	  	IIA1	  	 	50,000,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	12,566,202	  	  	 	54.48	% 	 	 	21,791,401	  	  	 	19,612,260.72	  
										
	 225458TX6
	  	CSF05005	  	IIIA1	  	 	20,235,134	  	  	 	20,235,134	  	  	 	16,188,107	  	  	 	5,505,445	  	  	 	57.38	% 	 	 	9,288,742	  	  	 	8,359,868.16	  
										
	 225458TY4
	  	CSF05005	  	IIIA2	  	 	66,486,866	  	  	 	66,486,866	  	  	 	53,189,493	  	  	 	18,089,319	  	  	 	57.38	% 	 	 	30,520,151	  	  	 	27,468,136.30	  
										
	 225470FM0
	  	CSF05010	  	XA3	  	 	59,668,000	  	  	 	17,668,000	  	  	 	14,134,400	  	  	 	4,952,249	  	  	 	49.39	% 	 	 	6,981,370	  	  	 	6,283,232.64	  
										
	 225470N90
	  	CSM06003	  	2A10	  	 	33,934,671	  	  	 	33,934,671	  	  	 	27,147,737	  	  	 	5,014,355	  	  	 	71.45	% 	 	 	19,396,105	  	  	 	17,456,494.43	  
										
	 225470P98
	  	CSM06003	  	4A3	  	 	126,842,082	  	  	 	96,842,082	  	  	 	77,473,666	  	  	 	15,111,723	  	  	 	78.18	% 	 	 	60,572,478	  	  	 	54,515,230.23	  

  
 69 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
	 225470RU9
	  	CSF05012	  	3A1	  	 	100,904,862	  	  	 	100,904,862	  	  	 	80,723,890	  	  	 	26,410,575	  	  	 	50.85	% 	 	 	41,044,106	  	  	 	36,939,695.75	  
										
	 225470UJ0
	  	CSM06001	  	1A2	  	 	14,646,924	  	  	 	14,646,924	  	  	 	11,717,539	  	  	 	8,970,124	  	  	 	97.49	% 	 	 	11,423,463	  	  	 	10,281,116.88	  
										
	 225470UK7
	  	CSM06001	  	1A3	  	 	154,772,000	  	  	 	114,772,000	  	  	 	91,817,600	  	  	 	28,625,309	  	  	 	65.87	% 	 	 	60,480,563	  	  	 	54,432,507.12	  
										
	 225470YF4
	  	CSM06002	  	2A1	  	 	70,814,000	  	  	 	70,814,000	  	  	 	56,651,200	  	  	 	11,511,100	  	  	 	72.58	% 	 	 	41,116,082	  	  	 	37,004,473.81	  
										
	 225470ZD8
	  	CSM06002	  	6A1	  	 	94,096,000	  	  	 	94,096,000	  	  	 	75,276,800	  	  	 	17,174,796	  	  	 	75.25	% 	 	 	56,644,950	  	  	 	50,980,455.43	  
										
	 2254W0JV8
	  	CSF04007	  	IIA2	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	—  	  	  	 	11.56	% 	 	 	9,248,175	  	  	 	8,323,357.46	  
										
	 2254W0LB9
	  	CSF04007	  	IIA5	  	 	28,450,009	  	  	 	28,450,009	  	  	 	22,760,007	  	  	 	1,209,390	  	  	 	24.84	% 	 	 	5,653,394	  	  	 	5,088,054.73	  
										
	 22942KAK6
	  	CSM06007	  	3A1	  	 	51,902,285	  	  	 	51,902,285	  	  	 	41,521,828	  	  	 	12,268,922	  	  	 	64.86	% 	 	 	26,931,325	  	  	 	24,238,192.69	  
										
	 22942KBZ2
	  	CSM06007	  	9A3	  	 	2,575,500	  	  	 	2,575,500	  	  	 	2,060,400	  	  	 	—  	  	  	 	68.72	% 	 	 	1,415,872	  	  	 	1,274,284.80	  
										
	 22942KDJ6
	  	CSMC2006-7	  	PP	  	 	100	  	  	 	100	  	  	 	80	  	  	 	—  	  	  	 	100.00	% 	 	 	80	  	  	 	72.00	  
										
	 22944BAU2
	  	CSM07005	  	3A1	  	 	90,000,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	27,117,626	  	  	 	89.98	% 	 	 	35,990,010	  	  	 	32,391,008.64	  
										
	 22944BAV0
	  	CSM07005	  	3A2	  	 	22,500,000	  	  	 	12,500,000	  	  	 	10,000,000	  	  	 	6,779,407	  	  	 	89.98	% 	 	 	8,997,502	  	  	 	8,097,752.16	  
										
	 23242GBA1
	  	CWA06O16	  	A5	  	 	182,316,000	  	  	 	17,316,000	  	  	 	13,852,800	  	  	 	3,571,444	  	  	 	69.72	% 	 	 	9,657,598	  	  	 	8,691,837.84	  
										
	 23332UGN8
	  	DSLA06A1	  	2A1B	  	 	138,827,000	  	  	 	29,500,000	  	  	 	23,600,000	  	  	 	8,157,685	  	  	 	57.75	% 	 	 	13,628,663	  	  	 	12,265,796.42	  
										
	 23333YAD7
	  	DSLA07A1	  	2A1B	  	 	111,804,000	  	  	 	29,303,000	  	  	 	23,442,400	  	  	 	11,792,842	  	  	 	85.92	% 	 	 	20,141,259	  	  	 	18,127,133.04	  
										
	 25150UAB4
	  	DAA07OA2	  	A2	  	 	99,958,000	  	  	 	99,958,000	  	  	 	79,966,400	  	  	 	45,658,914	  	  	 	83.43	% 	 	 	66,717,160	  	  	 	60,045,443.84	  
										
	 25150WAA2
	  	DAA07OA3	  	A1	  	 	745,364,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	79,213,282	  	  	 	92.75	% 	 	 	111,295,177	  	  	 	100,165,659.26	  
										
	 25150WAB0
	  	DAA07OA3	  	A2	  	 	310,568,000	  	  	 	193,000,000	  	  	 	154,400,000	  	  	 	101,958,160	  	  	 	92.78	% 	 	 	143,251,880	  	  	 	128,926,692.10	  

  
 70 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 25150XAA0
	  	DAA07OA5	  	A1A	  	 	165,000,000	  	  	 	40,133,818	  	  	 	32,107,054	  	  	 	13,006,633	  	  	 	58.34	% 	 	 	18,730,803	  	  	 	16,857,722.95	  
										
	 251513AQ0
	  	DAB06AB4	  	A1A	  	 	205,500,000	  	  	 	9,950,000	  	  	 	7,960,000	  	  	 	937,139	  	  	 	34.49	% 	 	 	2,745,676	  	  	 	2,471,108.40	  
										
	 25151XAA9
	  	DAA07OA4	  	IA1A	  	 	420,000,000	  	  	 	52,787,000	  	  	 	42,229,600	  	  	 	27,010,568	  	  	 	90.30	% 	 	 	38,133,479	  	  	 	34,320,130.84	  
										
	 25151XAG6
	  	DAA07OA4	  	A2B	  	 	312,883,000	  	  	 	214,883,000	  	  	 	171,906,400	  	  	 	110,273,694	  	  	 	90.11	% 	 	 	154,898,299	  	  	 	139,408,468.93	  
										
	 251563EE8
	  	DMS04003	  	IIAR2	  	 	134,639,000	  	  	 	31,139,000	  	  	 	24,911,200	  	  	 	764,659	  	  	 	6.46	% 	 	 	1,610,218	  	  	 	1,449,195.86	  
										
	 251563FB3
	  	DMS04004	  	VAR1	  	 	62,919,400	  	  	 	36,619,400	  	  	 	29,295,520	  	  	 	8,007,541	  	  	 	44.26	% 	 	 	12,967,583	  	  	 	11,670,825.07	  
										
	 251563FY3
	  	DMS04005	  	A3	  	 	76,500,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	11,172,652	  	  	 	100.00	% 	 	 	20,000,000	  	  	 	18,000,000.00	  
										
	 32051D2U5
	  	FHMT04A3	  	IA1	  	 	24,469,000	  	  	 	5,000,000	  	  	 	4,000,000	  	  	 	757,966	  	  	 	26.42	% 	 	 	1,056,767	  	  	 	951,090.30	  
	 32051D5U2
	  	FHMT0405	  	IIAPO	  	 	486,965	  	  	 	486,965	  	  	 	389,572	  	  	 	17,397	  	  	 	29.34	% 	 	 	114,294	  	  	 	102,864.96	  
										
	 32051D6Z0
	  	FHAT04F1	  	IAPO	  	 	2,584,052	  	  	 	2,584,052	  	  	 	2,067,242	  	  	 	450,719	  	  	 	42.43	% 	 	 	877,039	  	  	 	789,335.28	  
	 32051D7A4
	  	FHAT04F1	  	IIAPO	  	 	293,487	  	  	 	293,487	  	  	 	234,790	  	  	 	46,935	  	  	 	54.31	% 	 	 	127,517	  	  	 	114,765.12	  
	 32051D7B2
	  	FHAT04F1	  	IIIAPO	  	 	947,071	  	  	 	947,071	  	  	 	757,657	  	  	 	71,370	  	  	 	32.58	% 	 	 	246,847	  	  	 	222,162.48	  
										
	 32051DD33
	  	FHMT03A3	  	IIA1	  	 	286,928,000	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	17,006,727	  	  	 	22.74	% 	 	 	36,388,406	  	  	 	32,749,565.33	  
										
	 32051DTM4
	  	FHMT03A1	  	IIA1	  	 	189,643,000	  	  	 	75,143,000	  	  	 	60,114,400	  	  	 	—  	  	  	 	3.49	% 	 	 	2,098,285	  	  	 	1,888,456.30	  
										
	 32051GAA3
	  	FHAT04A4	  	A1	  	 	392,180,000	  	  	 	162,180,000	  	  	 	129,744,000	  	  	 	27,565,032	  	  	 	30.02	% 	 	 	38,945,656	  	  	 	35,051,090.13	  
										
	 32051GBT1
	  	FHAT04A5	  	IIA1	  	 	87,581,000	  	  	 	87,581,000	  	  	 	70,064,800	  	  	 	12,109,321	  	  	 	26.66	% 	 	 	18,677,350	  	  	 	16,809,615.40	  
										
	 32051GDB8
	  	FHAT04F2	  	IAPO	  	 	6,367,365	  	  	 	6,367,365	  	  	 	5,093,892	  	  	 	1,464,354	  	  	 	50.58	% 	 	 	2,576,743	  	  	 	2,319,068.88	  
	 32051GDE2
	  	FHAT04F2	  	IIAPO	  	 	140,219	  	  	 	140,219	  	  	 	112,175	  	  	 	40,526	  	  	 	64.51	% 	 	 	72,366	  	  	 	65,129.76	  
										
	 32051GDG7
	  	FHAT04F2	  	IIIAPO	  	 	1,682,717	  	  	 	1,682,717	  	  	 	1,346,174	  	  	 	496,983	  	  	 	70.19	% 	 	 	944,883	  	  	 	850,394.88	  

  
 71 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 32051GDV4
	  	FHMT04F1	  	1A1	  	 	55,976,000	  	  	 	25,976,000	  	  	 	20,780,800	  	  	 	1,009,560	  	  	 	5.03	% 	 	 	1,044,971	  	  	 	940,474.07	  
										
	 32051GFS9
	  	FHAT05F1	  	IA7	  	 	10,150,000	  	  	 	10,150,000	  	  	 	8,120,000	  	  	 	10,415,077	  	  	 	124.55	% 	 	 	10,113,059	  	  	 	9,101,752.77	  
										
	 32051GFT7
	  	FHAT05F1	  	IAPO	  	 	1,624,632	  	  	 	1,624,632	  	  	 	1,299,706	  	  	 	464,073	  	  	 	63.43	% 	 	 	824,349	  	  	 	741,913.92	  
	 32051GFW0
	  	FHAT05F1	  	IIAPO	  	 	361,050	  	  	 	361,050	  	  	 	288,840	  	  	 	87,583	  	  	 	56.77	% 	 	 	163,967	  	  	 	147,570.48	  
										
	 32051GGS8
	  	FHMT0501	  	IA2	  	 	15,000,000	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	373,818	  	  	 	55.43	% 	 	 	6,651,927	  	  	 	5,986,734.65	  
										
	 32051GJR7
	  	FHAT05F2	  	IAPO	  	 	1,559,866	  	  	 	1,559,865	  	  	 	1,247,892	  	  	 	436,049	  	  	 	70.21	% 	 	 	876,156	  	  	 	788,540.40	  
	 32051GJU0
	  	FHAT05F2	  	IIAPO	  	 	574,844	  	  	 	574,844	  	  	 	459,875	  	  	 	112,814	  	  	 	56.50	% 	 	 	259,815	  	  	 	233,833.68	  
										
	 32051GKH7
	  	FHAT05F3	  	IAPO	  	 	3,038,564	  	  	 	3,038,564	  	  	 	2,430,851	  	  	 	883,771	  	  	 	69.54	% 	 	 	1,690,296	  	  	 	1,521,266.40	  
	 32051GKL8
	  	FHAT05F3	  	IIAPO	  	 	430,690	  	  	 	430,690	  	  	 	344,552	  	  	 	80,304	  	  	 	54.08	% 	 	 	186,326	  	  	 	167,693.04	  
										
	 32051GNY7
	  	FHAT05F4	  	IAPO	  	 	2,167,001	  	  	 	2,167,001	  	  	 	1,733,601	  	  	 	752,327	  	  	 	73.09	% 	 	 	1,267,116	  	  	 	1,140,404.40	  
	 32051GPB5
	  	FHAT05F4	  	IIAPO	  	 	259,719	  	  	 	259,719	  	  	 	207,775	  	  	 	56,928	  	  	 	59.39	% 	 	 	123,404	  	  	 	111,063.60	  
										
	 32051GS63
	  	FHAT06F1	  	IA3	  	 	110,907,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	18,273,816	  	  	 	80.87	% 	 	 	32,347,220	  	  	 	29,112,497.60	  
										
	 32051SAA7
	  	FHAT06R2	  	A1	  	 	114,341,872	  	  	 	59,341,872	  	  	 	47,473,498	  	  	 	19,063,841	  	  	 	71.58	% 	 	 	33,983,726	  	  	 	30,585,353.78	  
										
	 32052FAE6
	  	FHAT06F6	  	IA5	  	 	103,500,000	  	  	 	96,000,000	  	  	 	76,800,000	  	  	 	27,272,049	  	  	 	61.24	% 	 	 	47,031,320	  	  	 	42,328,187.64	  
										
	 32052NAF6
	  	FHAT06A4	  	2AB3	  	 	12,212,000	  	  	 	12,212,000	  	  	 	9,769,600	  	  	 	—  	  	  	 	51.57	% 	 	 	5,038,371	  	  	 	4,534,534.08	  
										
	 32052TAC0
	  	FHAT06F5	  	A3	  	 	205,000,000	  	  	 	21,300,000	  	  	 	17,040,000	  	  	 	4,179,954	  	  	 	50.49	% 	 	 	8,603,442	  	  	 	7,743,097.97	  
										
	 32055GAF8
	  	FHM07AR2	  	IIIA1	  	 	27,660,000	  	  	 	27,660,000	  	  	 	22,128,000	  	  	 	8,401,544	  	  	 	88.96	% 	 	 	19,684,601	  	  	 	17,716,140.55	  
										
	 32056JAE4
	  	FHM07AR3	  	IIA2	  	 	88,472,000	  	  	 	28,472,000	  	  	 	22,777,600	  	  	 	8,053,900	  	  	 	84.11	% 	 	 	19,158,872	  	  	 	17,242,985.03	  
										
	 36185MFB3
	  	GMM06AR2	  	5A1A	  	 	58,372,300	  	  	 	38,372,300	  	  	 	30,697,840	  	  	 	8,079,501	  	  	 	69.60	% 	 	 	21,365,251	  	  	 	19,228,725.65	  

  
 72 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 36185N5T3
	  	GMM04J06	  	2A1	  	 	148,359,556	  	  	 	35,000,000	  	  	 	28,000,000	  	  	 	0	  	  	 	42.29	% 	 	 	11,840,848	  	  	 	10,656,763.31	  
										
	 36228F3C8
	  	GSR0406F	  	IIA8	  	 	35,246,000	  	  	 	35,246,000	  	  	 	28,196,800	  	  	 	—  	  	  	 	100.00	% 	 	 	28,196,800	  	  	 	25,377,120.00	  
										
	 36228FAP1
	  	GSM98004	  	A	  	 	94,317,057	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	706,146	  	  	 	8.98	% 	 	 	1,077,176	  	  	 	969,458.40	  
										
	 36228FCG9
	  	GSM99002	  	A	  	 	120,124,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	453,015	  	  	 	8.98	% 	 	 	718,156	  	  	 	646,340.40	  
										
	 36228FLL8
	  	GSRP0301	  	A3	  	 	116,356,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	144,679	  	  	 	6.71	% 	 	 	1,073,586	  	  	 	966,227.04	  
										
	 36228FW51
	  	GSR04005	  	2A1	  	 	192,070,000	  	  	 	79,000,000	  	  	 	63,200,000	  	  	 	10,177,332	  	  	 	27.47	% 	 	 	17,361,370	  	  	 	15,625,232.97	  
										
	 36228FWS1
	  	GSR03009	  	A2	  	 	160,748,000	  	  	 	57,748,000	  	  	 	46,198,400	  	  	 	3,033,401	  	  	 	15.75	% 	 	 	7,275,328	  	  	 	6,547,795.04	  
										
	 3622NAAX8
	  	GSR07OA1	  	2A4	  	 	200,000,000	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	82,441,219	  	  	 	76.96	% 	 	 	123,141,744	  	  	 	110,827,569.60	  
										
	 3622NCAB2
	  	GSR07OA2	  	2A1	  	 	105,399,000	  	  	 	105,399,000	  	  	 	84,319,200	  	  	 	53,192,546	  	  	 	89.03	% 	 	 	75,066,935	  	  	 	67,560,241.47	  
										
	 362334BN3
	  	GSR0602F	  	2A1	  	 	110,830,000	  	  	 	70,830,000	  	  	 	56,664,000	  	  	 	13,640,697	  	  	 	78.14	% 	 	 	44,278,965	  	  	 	39,851,068.54	  
										
	 3623417L7
	  	GSR0601F	  	2A12	  	 	156,139,000	  	  	 	153,639,000	  	  	 	122,911,200	  	  	 	23,280,808	  	  	 	67.56	% 	 	 	83,038,682	  	  	 	74,734,813.77	  
										
	 362341DL0
	  	GSR0506F	  	1A2	  	 	50,000,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	2,719,930	  	  	 	68.66	% 	 	 	27,463,292	  	  	 	24,716,962.76	  
										
	 362341EG0
	  	GSR0506F	  	3A13	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	5,926,402	  	  	 	57.67	% 	 	 	46,137,523	  	  	 	41,523,770.95	  
										
	 362341EJ4
	  	GSR0506F	  	3A15	  	 	52,150,000	  	  	 	26,000,000	  	  	 	20,800,000	  	  	 	4,060,052	  	  	 	100.00	% 	 	 	20,800,000	  	  	 	18,720,000.00	  
										
	 362341FM6
	  	GSR05AR4	  	3A4	  	 	205,630,000	  	  	 	205,630,000	  	  	 	164,504,000	  	  	 	18,926,213	  	  	 	47.73	% 	 	 	78,522,388	  	  	 	70,670,148.77	  
										
	 362341LL1
	  	GSM05RP3	  	1AF	  	 	577,527,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	5,976,249	  	  	 	53.06	% 	 	 	8,488,805	  	  	 	7,639,924.32	  
										
	 362341ML0
	  	GSR0507F	  	2A1	  	 	83,000,000	  	  	 	83,000,000	  	  	 	66,400,000	  	  	 	—  	  	  	 	54.46	% 	 	 	36,163,907	  	  	 	32,547,516.50	  

  
 73 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
	 362341S34
	  	GSR0509F	  	2A2	  	 	243,272,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	20,825,621	  	  	 	65.93	% 	 	 	79,110,146	  	  	 	71,199,131.76	  
										
	 362341SD2
	  	GSR05AR6	  	4A3	  	 	175,492,000	  	  	 	175,492,000	  	  	 	140,393,600	  	  	 	3,924,688	  	  	 	56.07	% 	 	 	78,715,817	  	  	 	70,844,235.14	  
										
	 362341VR7
	  	GSR0508F	  	2A3	  	 	57,429,000	  	  	 	52,429,000	  	  	 	41,943,200	  	  	 	12,832,113	  	  	 	100.00	% 	 	 	41,943,200	  	  	 	37,748,880.00	  
										
	 362341WA3
	  	GSR0508F	  	3A4	  	 	165,395,000	  	  	 	95,865,000	  	  	 	76,692,000	  	  	 	19,285,186	  	  	 	63.17	% 	 	 	48,445,120	  	  	 	43,600,607.78	  
										
	 362351AB4
	  	GSAA0620	  	1A2	  	 	158,240,000	  	  	 	17,000,000	  	  	 	13,600,000	  	  	 	10,527,031	  	  	 	100.00	% 	 	 	13,600,000	  	  	 	12,240,000.00	  
										
	 36242D4W0
	  	GSR05AR3	  	6A1	  	 	360,482,000	  	  	 	75,000,000	  	  	 	60,000,000	  	  	 	19,611,560	  	  	 	58.29	% 	 	 	34,971,944	  	  	 	31,474,749.96	  
										
	 36242D7D9
	  	GSR0505F	  	4A7	  	 	127,063,000	  	  	 	127,063,000	  	  	 	101,650,400	  	  	 	7,044,121	  	  	 	45.80	% 	 	 	46,553,973	  	  	 	41,898,575.50	  
										
	 36242DBP7
	  	GSR04009	  	5A2	  	 	44,352,000	  	  	 	44,352,000	  	  	 	35,481,600	  	  	 	—  	  	  	 	29.41	% 	 	 	10,433,532	  	  	 	9,390,179.11	  
										
	 36242DUV3
	  	GSR0501F	  	1A1	  	 	79,000,000	  	  	 	79,000,000	  	  	 	63,200,000	  	  	 	3,265,275	  	  	 	57.41	% 	 	 	36,284,523	  	  	 	32,656,070.96	  
										
	 36242DVD2
	  	GSR0501F	  	2A1	  	 	145,000,000	  	  	 	110,000,000	  	  	 	88,000,000	  	  	 	—  	  	  	 	43.81	% 	 	 	38,556,368	  	  	 	34,700,731.56	  
										
	 36242DW41
	  	GSR0504F	  	4A1	  	 	40,333,000	  	  	 	40,333,000	  	  	 	32,266,400	  	  	 	—  	  	  	 	28.18	% 	 	 	9,092,050	  	  	 	8,182,844.71	  
										
	 36242DXG3
	  	GSM05RP1	  	1AF	  	 	685,201,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	6,071,117	  	  	 	43.80	% 	 	 	8,759,281	  	  	 	7,883,353.08	  
										
	 362650BR3
	  	GSR0604F	  	6A3	  	 	7,068,000	  	  	 	7,068,000	  	  	 	5,654,400	  	  	 	1,305,071	  	  	 	69.43	% 	 	 	3,926,050	  	  	 	3,533,444.64	  
										
	 36297TAG7
	  	GSR06AR2	  	4A1	  	 	190,796,000	  	  	 	80,285,000	  	  	 	64,228,000	  	  	 	27,288,475	  	  	 	72.14	% 	 	 	46,336,220	  	  	 	41,702,598.22	  
										
	 36298NAV6
	  	GSR0607F	  	3A5	  	 	78,342,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	3,362,961	  	  	 	71.72	% 	 	 	14,343,696	  	  	 	12,909,326.27	  
										
	 39538VAA8
	  	GPM04001	  	A	  	 	264,502,000	  	  	 	39,502,000	  	  	 	31,601,600	  	  	 	6,688,449	  	  	 	37.08	% 	 	 	11,716,620	  	  	 	10,544,958.22	  
										
	 39539GAB8
	  	GPM06OH1	  	A2	  	 	109,120,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	2,044,034	  	  	 	83.51	% 	 	 	6,680,410	  	  	 	6,012,368.64	  
										
	 39539LAH4
	  	GPM07AR2	  	2A1	  	 	440,936,000	  	  	 	135,936,000	  	  	 	108,748,800	  	  	 	67,999,477	  	  	 	94.87	% 	 	 	103,167,768	  	  	 	92,850,991.57	  

  
 74 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 39539LAJ0
	  	GPM07AR2	  	2A2	  	 	139,652,000	  	  	 	94,652,000	  	  	 	75,721,600	  	  	 	38,644,125	  	  	 	94.87	% 	 	 	71,835,537	  	  	 	64,651,983.62	  
										
	 39539MAA7
	  	GPM07AR3	  	A1	  	 	299,768,000	  	  	 	65,000,000	  	  	 	52,000,000	  	  	 	32,924,825	  	  	 	97.88	% 	 	 	50,896,017	  	  	 	45,806,414.94	  
										
	 39539MAB5
	  	GPM07AR3	  	A2	  	 	113,460,000	  	  	 	113,460,000	  	  	 	90,768,000	  	  	 	52,986,645	  	  	 	97.88	% 	 	 	88,840,955	  	  	 	79,956,859.06	  
										
	 41161PA86
	  	HVML0601	  	2A1A	  	 	623,909,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	3,449,879	  	  	 	60.96	% 	 	 	4,877,182	  	  	 	4,389,463.44	  
										
	 41161PA94
	  	HVML0601	  	2A1B	  	 	259,961,000	  	  	 	59,961,000	  	  	 	47,968,800	  	  	 	18,016,975	  	  	 	60.97	% 	 	 	29,248,719	  	  	 	26,323,846.86	  
										
	 41161PCZ4
	  	HVML0401	  	3A	  	 	116,844,000	  	  	 	102,000,000	  	  	 	81,600,000	  	  	 	16,405,660	  	  	 	57.50	% 	 	 	46,919,549	  	  	 	42,227,594.02	  
										
	 41161PDA8
	  	HVML0401	  	4A	  	 	97,485,000	  	  	 	45,000,000	  	  	 	36,000,000	  	  	 	5,865,479	  	  	 	65.59	% 	 	 	23,611,710	  	  	 	21,250,538.76	  
										
	 41161PDL4
	  	HVML0402	  	2A1	  	 	369,107,000	  	  	 	53,750,000	  	  	 	43,000,000	  	  	 	2,010,973	  	  	 	7.92	% 	 	 	3,406,830	  	  	 	3,066,147.28	  
										
	 41161PFU2
	  	HVML0406	  	4A	  	 	200,513,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	6,548,240	  	  	 	26.96	% 	 	 	10,783,845	  	  	 	9,705,460.68	  
										
	 41161PG72
	  	HVML06U1	  	2A1A	  	 	111,032,000	  	  	 	19,800,000	  	  	 	15,840,000	  	  	 	7,037,120	  	  	 	68.45	% 	 	 	10,841,742	  	  	 	9,757,568.11	  
										
	 41161PHC0
	  	HVML0408	  	2A4A	  	 	236,026,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	1,712,877	  	  	 	15.26	% 	 	 	2,441,915	  	  	 	2,197,723.61	  
										
	 41161PHE6
	  	HVML0408	  	3A1	  	 	64,707,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	2,851,096	  	  	 	11.73	% 	 	 	4,693,963	  	  	 	4,224,566.84	  
										
	 41161PHS5
	  	HVML0409	  	2A	  	 	142,015,000	  	  	 	142,015,000	  	  	 	113,612,000	  	  	 	9,527,019	  	  	 	11.99	% 	 	 	13,623,645	  	  	 	12,261,280.35	  
										
	 41161PJF1
	  	HVML0409	  	4A2	  	 	250,000,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	18,003,790	  	  	 	20.60	% 	 	 	24,718,788	  	  	 	22,246,909.63	  
										
	 41161PJL8
	  	HVML0410	  	3A1A	  	 	232,291,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	1,792,044	  	  	 	10.80	% 	 	 	2,590,968	  	  	 	2,331,871.57	  
										
	 41161PKE2
	  	HVML0411	  	3A1B	  	 	55,877,000	  	  	 	17,806,000	  	  	 	14,244,800	  	  	 	1,871,623	  	  	 	19.88	% 	 	 	2,832,495	  	  	 	2,549,245.44	  
										
	 41161PKJ1
	  	HVML0411	  	3A4	  	 	39,550,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	2,668,409	  	  	 	19.88	% 	 	 	3,976,883	  	  	 	3,579,194.43	  

  
 75 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
	 41161PLD3
	  	HVML0501	  	2A1A	  	 	420,370,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	1,241,554	  	  	 	21.93	% 	 	 	1,754,435	  	  	 	1,578,991.68	  
										
	 41161PMK6
	  	HVML0503	  	2A2	  	 	64,776,000	  	  	 	64,776,000	  	  	 	51,820,800	  	  	 	12,102,669	  	  	 	32.07	% 	 	 	16,617,321	  	  	 	14,955,588.86	  
										
	 41161PQV8
	  	HVML0508	  	1A2B	  	 	170,036,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	13,317,091	  	  	 	44.41	% 	 	 	17,762,752	  	  	 	15,986,477.16	  
										
	 41161PRS4
	  	HVML0508	  	2A2	  	 	166,345,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	23,605,637	  	  	 	29.15	% 	 	 	34,980,613	  	  	 	31,482,551.56	  
										
	 41161PUL5
	  	HVML0511	  	2A1B	  	 	103,606,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	7,120,090	  	  	 	33.61	% 	 	 	10,754,626	  	  	 	9,679,163.41	  
										
	 41161PWD1
	  	HVML0513	  	2A1B	  	 	149,311,000	  	  	 	79,311,000	  	  	 	63,448,800	  	  	 	18,230,621	  	  	 	39.15	% 	 	 	24,838,366	  	  	 	22,354,529.29	  
										
	 41161PWV1
	  	HVML0514	  	4A1A	  	 	119,491,000	  	  	 	119,491,000	  	  	 	95,592,800	  	  	 	48,204,842	  	  	 	73.88	% 	 	 	70,626,160	  	  	 	63,563,543.61	  
										
	 41161PXK4
	  	HVML0515	  	2A1B	  	 	113,240,000	  	  	 	68,240,000	  	  	 	54,592,000	  	  	 	10,618,480	  	  	 	31.23	% 	 	 	17,048,706	  	  	 	15,343,835.21	  
										
	 41161PXP3
	  	HVML0515	  	3A1B	  	 	60,181,000	  	  	 	60,181,000	  	  	 	48,144,800	  	  	 	15,807,946	  	  	 	50.63	% 	 	 	24,376,554	  	  	 	21,938,898.26	  
										
	 41161PZA4
	  	HVML0516	  	3A1B	  	 	188,978,000	  	  	 	90,978,000	  	  	 	72,782,400	  	  	 	20,431,490	  	  	 	39.03	% 	 	 	28,405,609	  	  	 	25,565,048.39	  
										
	 41161XAN6
	  	HVML0609	  	2A1B2	  	 	244,543,000	  	  	 	45,000,000	  	  	 	36,000,000	  	  	 	16,587,860	  	  	 	68.23	% 	 	 	24,564,586	  	  	 	22,108,127.23	  
										
	 41162BAA1
	  	HVML06S1	  	A1A	  	 	299,170,000	  	  	 	110,000,000	  	  	 	88,000,000	  	  	 	39,980,905	  	  	 	65.76	% 	 	 	57,864,537	  	  	 	52,078,083.31	  
										
	 411640AB1
	  	HVML0707	  	2A1A	  	 	539,536,000	  	  	 	90,000,000	  	  	 	72,000,000	  	  	 	41,445,498	  	  	 	89.78	% 	 	 	64,643,496	  	  	 	58,179,146.18	  
										
	 41164LAB5
	  	HVML0702	  	2A1A	  	 	541,251,000	  	  	 	172,000,000	  	  	 	137,600,000	  	  	 	70,152,865	  	  	 	88.61	% 	 	 	121,921,158	  	  	 	109,729,042.53	  
										
	 41164LAC3
	  	HVML0702	  	2A1B	  	 	225,520,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	16,263,201	  	  	 	88.61	% 	 	 	35,442,197	  	  	 	31,897,977.48	  
										
	 41164MAD9
	  	HVML0701	  	2A1B	  	 	244,880,000	  	  	 	60,000,000	  	  	 	48,000,000	  	  	 	21,715,843	  	  	 	68.86	% 	 	 	33,051,586	  	  	 	29,746,426.95	  
										
	 41164UAB5
	  	HVML0703	  	2A1A	  	 	285,874,000	  	  	 	35,000,000	  	  	 	28,000,000	  	  	 	13,980,832	  	  	 	82.09	% 	 	 	22,985,114	  	  	 	20,686,602.79	  
										
	 41164UAC3
	  	HVML0703	  	2A1B	  	 	119,113,000	  	  	 	119,113,000	  	  	 	95,290,400	  	  	 	47,582,344	  	  	 	82.09	% 	 	 	78,227,506	  	  	 	70,404,755.84	  

  
 76 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 41164YAB7
	  	HVML0704	  	2A1	  	 	394,669,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	22,883,577	  	  	 	86.93	% 	 	 	34,772,740	  	  	 	31,295,466.18	  
										
	 41164YAC5
	  	HVML0704	  	2A2	  	 	164,446,000	  	  	 	164,446,000	  	  	 	131,556,800	  	  	 	75,262,253	  	  	 	86.93	% 	 	 	114,364,761	  	  	 	102,928,284.63	  
										
	 41165AAB8
	  	HVML0705	  	A1A	  	 	629,826,000	  	  	 	25,683,078	  	  	 	20,546,462	  	  	 	14,657,063	  	  	 	96.00	% 	 	 	19,724,919	  	  	 	17,752,427.38	  
										
	 41165AAC6
	  	HVML0705	  	A1B	  	 	262,428,000	  	  	 	165,000,000	  	  	 	132,000,000	  	  	 	94,166,908	  	  	 	96.00	% 	 	 	126,726,249	  	  	 	114,053,624.11	  
										
	 41165BAC4
	  	HVML0706	  	2A1A	  	 	240,309,000	  	  	 	120,309,000	  	  	 	96,247,200	  	  	 	56,444,816	  	  	 	92.18	% 	 	 	88,722,476	  	  	 	79,850,228.31	  
										
	 43739EAJ6
	  	HMT04002	  	A1	  	 	687,048,300	  	  	 	80,000,000	  	  	 	64,000,000	  	  	 	11,638,586	  	  	 	25.84	% 	 	 	16,540,049	  	  	 	14,886,043.66	  
										
	 43739EBJ5
	  	HMT05003	  	A1	  	 	831,908,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	2,715,447	  	  	 	50.92	% 	 	 	4,073,813	  	  	 	3,666,431.52	  
										
	 44329EAE1
	  	HALO07A2	  	IIIA1	  	 	99,164,000	  	  	 	99,164,000	  	  	 	79,331,200	  	  	 	35,912,103	  	  	 	90.52	% 	 	 	71,807,948	  	  	 	64,627,153.04	  
										
	 45254NFY8
	  	IMHE0311	  	1A1	  	 	803,803,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	955,023	  	  	 	6.12	% 	 	 	1,468,506	  	  	 	1,321,655.53	  
										
	 45254NHS9
	  	IMHE0404	  	1A1	  	 	634,302,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	941,858	  	  	 	9.10	% 	 	 	1,455,758	  	  	 	1,310,181.84	  
										
	 45254TMT8
	  	ISC03002	  	A2	  	 	47,498,000	  	  	 	44,500,000	  	  	 	35,600,000	  	  	 	4,405,845	  	  	 	22.79	% 	 	 	8,114,265	  	  	 	7,302,838.50	  
										
	 45660LCN7
	  	INX05AR2	  	2A2A	  	 	188,365,000	  	  	 	83,365,000	  	  	 	66,692,000	  	  	 	8,323,158	  	  	 	19.90	% 	 	 	13,271,641	  	  	 	11,944,476.58	  
										
	 45660LCP2
	  	INX05AR2	  	2A2B	  	 	33,242,000	  	  	 	16,000,000	  	  	 	12,800,000	  	  	 	1,597,439	  	  	 	19.90	% 	 	 	2,547,187	  	  	 	2,292,468.38	  
										
	 45660LEH8
	  	INX05AR4	  	2A1B	  	 	87,931,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	2,143,687	  	  	 	24.31	% 	 	 	3,888,984	  	  	 	3,500,086.00	  
										
	 45660LEJ4
	  	INX05AR4	  	2A2	  	 	33,885,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	801,554	  	  	 	24.31	% 	 	 	1,944,508	  	  	 	1,750,057.60	  
										
	 45660LEU9
	  	RAS050A1	  	A1	  	 	328,508,000	  	  	 	103,508,000	  	  	 	82,806,400	  	  	 	13,621,571	  	  	 	39.83	% 	 	 	32,977,791	  	  	 	29,680,012.25	  
										
	 45660LGE3
	  	INX05AR6	  	2A2	  	 	216,944,000	  	  	 	90,000,000	  	  	 	72,000,000	  	  	 	13,184,755	  	  	 	28.85	% 	 	 	20,771,210	  	  	 	18,694,089.21	  

  
 77 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
	 45660LSP5
	  	RAS05A8C	  	A1	  	 	40,804,000	  	  	 	40,804,000	  	  	 	32,643,200	  	  	 	5,296,292	  	  	 	40.56	% 	 	 	13,240,498	  	  	 	11,916,448.57	  
										
	 45660LZM4
	  	INA05AR1	  	3A1	  	 	113,200,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	9,921,488	  	  	 	77.44	% 	 	 	18,584,426	  	  	 	16,725,983.07	  
										
	 45660N2J3
	  	INX04AR8	  	2A2A	  	 	460,700,000	  	  	 	38,626,000	  	  	 	30,900,800	  	  	 	2,320,263	  	  	 	12.95	% 	 	 	4,001,784	  	  	 	3,601,605.32	  
										
	 45660N2X2
	  	INX04A10	  	2A1	  	 	100,000,000	  	  	 	95,000,000	  	  	 	76,000,000	  	  	 	1,561,073	  	  	 	4.49	% 	 	 	3,414,945	  	  	 	3,073,450.78	  
										
	 45660N5H4
	  	INX04A12	  	A1	  	 	338,000,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	2,195,947	  	  	 	13.22	% 	 	 	3,173,822	  	  	 	2,856,440.01	  
										
	 45660ND28
	  	RAS040A2	  	2A1	  	 	59,730,000	  	  	 	59,730,000	  	  	 	47,784,000	  	  	 	3,571,177	  	  	 	12.98	% 	 	 	6,202,034	  	  	 	5,581,830.96	  
										
	 45660NE92
	  	RAS040A3	  	A1	  	 	106,813,929	  	  	 	106,813,929	  	  	 	85,451,143	  	  	 	4,335,019	  	  	 	38.70	% 	 	 	33,071,790	  	  	 	29,764,611.05	  
										
	 45660NRM9
	  	RAS030A8	  	A2	  	 	172,685,539	  	  	 	42,000,000	  	  	 	33,600,000	  	  	 	2,385,933	  	  	 	26.13	% 	 	 	8,779,174	  	  	 	7,901,256.98	  
										
	 45660NUD5
	  	RAS03A10	  	A1	  	 	406,803,900	  	  	 	50,750,000	  	  	 	40,600,000	  	  	 	2,863,529	  	  	 	32.43	% 	 	 	13,164,918	  	  	 	11,848,426.60	  
										
	 45660NUU7
	  	RAS03A11	  	A2	  	 	62,154,400	  	  	 	37,154,400	  	  	 	29,723,520	  	  	 	1,715,984	  	  	 	17.22	% 	 	 	5,119,122	  	  	 	4,607,209.45	  
										
	 45660NW76
	  	RAS040R2	  	A4	  	 	49,453,000	  	  	 	49,453,000	  	  	 	39,562,400	  	  	 	2,810,613	  	  	 	31.91	% 	 	 	12,624,531	  	  	 	11,362,077.73	  
										
	 45660NWC5
	  	RAS03A13	  	A4	  	 	128,750,000	  	  	 	43,750,000	  	  	 	35,000,000	  	  	 	345,414	  	  	 	16.52	% 	 	 	5,781,348	  	  	 	5,203,213.19	  
										
	 45661KAU4
	  	INX06A11	  	5A1	  	 	118,478,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	7,554,000	  	  	 	69.59	% 	 	 	13,918,350	  	  	 	12,526,515.36	  
										
	 45662FAA8
	  	INA06AR3	  	1A1	  	 	213,692,000	  	  	 	57,097,000	  	  	 	45,677,600	  	  	 	21,960,662	  	  	 	76.00	% 	 	 	34,715,242	  	  	 	31,243,717.66	  
										
	 45662FAD2
	  	INA06AR3	  	2A1	  	 	107,754,000	  	  	 	50,000,000	  	  	 	40,000,000	  	  	 	16,305,493	  	  	 	72.59	% 	 	 	29,034,498	  	  	 	26,131,048.16	  
										
	 45667QAC5
	  	INX06A31	  	A3	  	 	98,574,000	  	  	 	73,574,000	  	  	 	58,859,200	  	  	 	24,464,232	  	  	 	71.88	% 	 	 	42,306,391	  	  	 	38,075,752.00	  
										
	 45668JAD8
	  	INX06A33	  	2A11	  	 	84,758,000	  	  	 	64,758,000	  	  	 	51,806,400	  	  	 	16,625,615	  	  	 	66.19	% 	 	 	34,292,412	  	  	 	30,863,170.60	  
										
	 45668RAD0
	  	INX07FL2	  	A2	  	 	81,947,000	  	  	 	31,947,000	  	  	 	25,557,600	  	  	 	16,365,296	  	  	 	91.16	% 	 	 	23,298,158	  	  	 	20,968,342.28	  

  
 78 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance - 

Total
	 	  	 Original
Balance - 

ING
	 	  	 Original
Balance - 

Dutch State
	 	  	 Current
Balance - 

Dutch State
(indicative
 as of 5 Oct
2012)
	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value - 
 Dutch State
	 	  	 90% of Cut-off
value - Dutch

State
	 
										
	 45669WAD8
	  	INX07FL5	  	2A2	  	 	102,934,000	  	  	 	102,934,000	  	  	 	82,347,200	  	  	 	55,025,953	  	  	 	96.70	% 	 	 	79,631,091	  	  	 	71,667,981.75	  
										
	 45670BAQ2
	  	INX07A21	  	8A1	  	 	240,528,000	  	  	 	90,000,000	  	  	 	72,000,000	  	  	 	34,810,796	  	  	 	88.17	% 	 	 	63,481,938	  	  	 	57,133,743.79	  
										
	 45670LAA5
	  	IMSC07H1	  	A11	  	 	168,288,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	49,655,913	  	  	 	88.38	% 	 	 	70,701,660	  	  	 	63,631,494.43	  
										
	 45670PAC2
	  	INX07FL6	  	2A1	  	 	215,935,200	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	20,285,856	  	  	 	98.12	% 	 	 	31,397,175	  	  	 	28,257,457.77	  
										
	 466247AF0
	  	JPM03A01	  	4A3	  	 	20,262,100	  	  	 	15,262,100	  	  	 	12,209,680	  	  	 	—  	  	  	 	69.12	% 	 	 	8,439,880	  	  	 	7,595,891.71	  
										
	 466247AV5
	  	JPM03A02	  	2A2	  	 	50,217,100	  	  	 	12,217,100	  	  	 	9,773,680	  	  	 	—  	  	  	 	72.67	% 	 	 	7,102,840	  	  	 	6,392,555.65	  
										
	 466247BT9
	  	JPM04A01	  	5A1	  	 	163,371,600	  	  	 	19,000,000	  	  	 	15,200,000	  	  	 	1,139,410	  	  	 	18.17	% 	 	 	2,761,995	  	  	 	2,485,795.34	  
										
	 466247CX9
	  	JPM04A03	  	3A1	  	 	25,000,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	—  	  	  	 	14.68	% 	 	 	2,936,102	  	  	 	2,642,491.37	  
										
	 466247ES8
	  	JPM04S01	  	1A8	  	 	18,461,700	  	  	 	18,461,700	  	  	 	14,769,360	  	  	 	1,603,626	  	  	 	47.72	% 	 	 	7,047,932	  	  	 	6,343,138.59	  
										
	 466247F40
	  	JPM06A01	  	3A1	  	 	119,738,900	  	  	 	119,738,900	  	  	 	95,791,120	  	  	 	—  	  	  	 	47.69	% 	 	 	45,679,109	  	  	 	41,111,198.40	  
										
	 466247HA4
	  	JPM04A06	  	5A1	  	 	23,833,300	  	  	 	23,833,300	  	  	 	19,066,640	  	  	 	3,098,987	  	  	 	50.07	% 	 	 	9,546,832	  	  	 	8,592,149.02	  
										
	 466247J46
	  	JPM06A02	  	2A1	  	 	500,131,400	  	  	 	200,000,000	  	  	 	160,000,000	  	  	 	32,145,499	  	  	 	64.23	% 	 	 	102,762,799	  	  	 	92,486,519.28	  
										
	 466247JF1
	  	JPM04S02	  	2A9	  	 	34,889,100	  	  	 	34,889,100	  	  	 	27,911,280	  	  	 	—  	  	  	 	34.71	% 	 	 	9,688,840	  	  	 	8,719,955.85	  
										
	 466247M91
	  	JPM06S01	  	2A2	  	 	76,089,000	  	  	 	76,089,000	  	  	 	60,871,200	  	  	 	8,054,955	  	  	 	67.25	% 	 	 	40,933,957	  	  	 	36,840,561.53	  
										
	 466247N33
	  	JPM06S01	  	2A4	  	 	52,774,400	  	  	 	52,024,400	  	  	 	41,619,520	  	  	 	5,936,897	  	  	 	66.54	% 	 	 	27,694,255	  	  	 	24,924,829.86	  
										
	 466247QL0
	  	JPM05A03	  	6A4	  	 	61,218,800	  	  	 	61,218,800	  	  	 	48,975,040	  	  	 	4,402,005	  	  	 	37.74	% 	 	 	18,482,783	  	  	 	16,634,504.62	  
										
	 466247RU9
	  	JPM05A04	  	4A1	  	 	167,264,850	  	  	 	167,264,850	  	  	 	133,811,880	  	  	 	—  	  	  	 	51.84	% 	 	 	69,369,337	  	  	 	62,432,403.14	  

  
 79 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	 Current
Balance -

Dutch State
(indicative
as of 5 Oct
2012)
	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
	 466247UZ4
	  	JPM05S02	 	2A7	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	—  	  	 	 	64.23	% 	 	 	51,386,948	  	 	 	46,248,253.13	  
										
	 466247WR0
	  	JPM05A07	 	2A4	 	 	99,374,900	  	 	 	99,374,900	  	 	 	79,499,920	  	 	 	10,463,419	  	 	 	70.45	% 	 	 	56,008,867	  	 	 	50,407,980.57	  
										
	 466247ZX4
	  	JPM05S03	 	1A10	 	 	138,678,600	  	 	 	138,678,600	  	 	 	110,942,880	  	 	 	23,164,947	  	 	 	60.18	% 	 	 	66,767,645	  	 	 	60,090,880.64	  
										
	 46627MBV8
	  	JMA05A02	 	3A2	 	 	39,489,000	  	 	 	7,244,000	  	 	 	5,795,200	  	 	 	1,462,166	  	 	 	53.47	% 	 	 	3,098,484	  	 	 	2,788,635.60	  
										
	 46627MFA0
	  	JMA06S01	 	3A2	 	 	77,526,000	  	 	 	23,452,000	  	 	 	18,761,600	  	 	 	8,455,267	  	 	 	100.00	% 	 	 	18,761,600	  	 	 	16,885,440.00	  
										
	 46628YBG4
	  	JPM06S02	 	3A5	 	 	115,131,866	  	 	 	110,000,000	  	 	 	88,000,000	  	 	 	12,773,886	  	 	 	73.94	% 	 	 	65,067,389	  	 	 	58,560,649.73	  
										
	 46629CAK3
	  	JPM06A05	 	3A4	 	 	130,333,000	  	 	 	34,108,000	  	 	 	27,286,400	  	 	 	2,958,375	  	 	 	53.40	% 	 	 	14,570,517	  	 	 	13,113,464.91	  
										
	 46630UAL8
	  	JPM07A03	 	3A1	 	 	150,000,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	48,221,045	  	 	 	81.99	% 	 	 	98,386,997	  	 	 	88,548,297.55	  
										
	 52520MAR4
	  	LMT05001	 	4A7	 	 	1,339,231	  	 	 	1,339,231	  	 	 	1,071,385	  	 	 	1,071,333	  	 	 	100.00	% 	 	 	1,071,361	  	 	 	964,224.72	  
										
	 52520MBY8
	  	LMT05002	 	3A1	 	 	85,000,000	  	 	 	59,000,000	  	 	 	47,200,000	  	 	 	27,789,591	  	 	 	74.95	% 	 	 	35,378,512	  	 	 	31,840,660.81	  
										
	 52520MCJ0
	  	LMT05002	 	5A2	 	 	27,365,358	  	 	 	1,000,000	  	 	 	800,000	  	 	 	485,693	  	 	 	88.24	% 	 	 	705,927	  	 	 	635,334.48	  
										
	 52520TAS7
	  	LMT06005	 	2A1	 	 	181,849,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	8,979,891	  	 	 	71.29	% 	 	 	14,258,654	  	 	 	12,832,788.24	  
										
	 52521DAB8
	  	LMT07002	 	1A2	 	 	113,818,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	44,531,226	  	 	 	87.88	% 	 	 	70,306,051	  	 	 	63,275,445.50	  
										
	 525221AQ0
	  	LXS05003	 	3A1A	 	 	178,806,000	  	 	 	69,403,000	  	 	 	55,522,400	  	 	 	—   	  	 	 	14.71	% 	 	 	8,165,424	  	 	 	7,348,881.57	  
										
	 525226AB2
	  	LXS0612N	 	1A1A2	 	 	76,947,000	  	 	 	46,947,000	  	 	 	37,557,600	  	 	 	—   	  	 	 	100.00	% 	 	 	37,557,600	  	 	 	33,801,840.00	  
										
	 52524GAB8
	  	LXS0707N	 	1A1B	 	 	266,271,000	  	 	 	190,000,000	  	 	 	152,000,000	  	 	 	98,235,746	  	 	 	92.57	% 	 	 	140,710,953	  	 	 	126,639,857.98	  
										
	 52524HAH3
	  	LXS0704N	 	3A1A	 	 	212,045,000	  	 	 	212,045,000	  	 	 	169,636,000	  	 	 	88,645,324	  	 	 	86.26	% 	 	 	146,329,678	  	 	 	131,696,709.80	  
										
	 52524VAK5
	  	LXS0715N	 	AF2	 	 	253,958,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	50,349,152	  	 	 	95.66	% 	 	 	76,528,419	  	 	 	68,875,576.78	  

  
 80 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	 Current
Balance -

Dutch State
(indicative
as of 5 Oct
2012)
	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 52524YAF0
	  	LXS0712N	 	2A1	 	 	232,912,000	  	 	 	53,000,000	  	 	 	42,400,000	  	 	 	26,321,904	  	 	 	94.25	% 	 	 	39,963,105	  	 	 	35,966,794.41	  
										
	 52524YAG8
	  	LXS0712N	 	2A2	 	 	88,857,000	  	 	 	45,000,000	  	 	 	36,000,000	  	 	 	15,666,591	  	 	 	94.25	% 	 	 	33,930,938	  	 	 	30,537,844.31	  
										
	 52524YAK9
	  	LXS0712N	 	3A1	 	 	123,204,000	  	 	 	123,204,000	  	 	 	98,563,200	  	 	 	65,003,486	  	 	 	98.38	% 	 	 	96,964,860	  	 	 	87,268,374.28	  
										
	 52524YAL7
	  	LXS0712N	 	3A2	 	 	46,818,000	  	 	 	46,818,000	  	 	 	37,454,400	  	 	 	24,701,578	  	 	 	98.39	% 	 	 	36,850,195	  	 	 	33,165,175.18	  
										
	 52525AAA2
	  	LXS0720N	 	A1	 	 	275,192,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	79,590,006	  	 	 	93.07	% 	 	 	111,687,105	  	 	 	100,518,394.18	  
										
	 52525BBH4
	  	LXS0716N	 	AF2	 	 	249,506,000	  	 	 	249,506,000	  	 	 	199,604,800	  	 	 	129,095,590	  	 	 	94.81	% 	 	 	189,255,232	  	 	 	170,329,709.19	  
										
	 52525DAH1
	  	LXS0718N	 	AF2	 	 	142,135,000	  	 	 	107,135,000	  	 	 	85,708,000	  	 	 	52,569,431	  	 	 	93.61	% 	 	 	80,234,723	  	 	 	72,211,251.04	  
										
	 550279AN3
	  	LUM06001	 	A2	 	 	129,267,000	  	 	 	28,940,373	  	 	 	23,152,298	  	 	 	8,403,207	  	 	 	53.56	% 	 	 	12,401,097	  	 	 	11,160,987.23	  
										
	 550279BB8
	  	LUM06002	 	A1B	 	 	179,330,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	5,444,972	  	 	 	55.85	% 	 	 	8,935,923	  	 	 	8,042,330.45	  
										
	 55028BAG2
	  	LUM06007	 	IIA1	 	 	293,107,000	  	 	 	58,107,000	  	 	 	46,485,600	  	 	 	25,529,199	  	 	 	81.50	% 	 	 	37,887,055	  	 	 	34,098,349.83	  
										
	 55028CAA3
	  	LUM07001	 	IA1	 	 	371,114,000	  	 	 	60,000,000	  	 	 	48,000,000	  	 	 	19,988,383	  	 	 	69.53	% 	 	 	33,373,865	  	 	 	30,036,478.32	  
										
	 55265WDF7
	  	MSST0502	 	2A1	 	 	47,924,000	  	 	 	24,924,000	  	 	 	19,939,200	  	 	 	3,326,061	  	 	 	43.05	% 	 	 	8,583,714	  	 	 	7,725,342.24	  
										
	 576431AC4
	  	MARM0701	 	I2A2	 	 	254,287,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	38,259,366	  	 	 	84.46	% 	 	 	67,569,702	  	 	 	60,812,732.02	  
										
	 576431AD2
	  	MARM0701	 	I2A3	 	 	295,039,000	  	 	 	240,000,000	  	 	 	192,000,000	  	 	 	104,377,899	  	 	 	84.46	% 	 	 	162,167,288	  	 	 	145,950,558.91	  
										
	 576433NQ5
	  	MARM0406	 	1A1	 	 	39,878,000	  	 	 	39,878,000	  	 	 	31,902,400	  	 	 	—   	  	 	 	0.80	% 	 	 	254,989	  	 	 	229,490.18	  
										
	 576433PR1
	  	MARM0407	 	3A1	 	 	167,639,000	  	 	 	34,515,000	  	 	 	27,612,000	  	 	 	8,170,567	  	 	 	51.38	% 	 	 	14,188,111	  	 	 	12,769,299.78	  
										
	 576433RP3
	  	MARM0409	 	2A1	 	 	292,310,000	  	 	 	24,772,000	  	 	 	19,817,600	  	 	 	—   	  	 	 	0.90	% 	 	 	178,866	  	 	 	160,979.76	  

  
 81 

																																	
	Cusip	  	Deal Name	  	Tranche
Name	  	 Original
Balance -

Total
	 	  	 Original
Balance -

ING
	 	  	Original
Balance -
Dutch State	 	  	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	  	Bond
Factor at
cut-off
date	 	 	 Cut-off
value -

Dutch State
	 	  	90% of Cut-off
value - Dutch
State	 
	 576433UL8
	  	MARM0413	  	3A6	  	 	240,000,000	  	  	 	40,000,000	  	  	 	32,000,000	  	  	 	4,949,132	  	  	 	100.00	% 	 	 	32,000,000	  	  	 	28,800,000.00	  
										
	 5764342H6
	  	MALT0602	  	2A1	  	 	200,000,000	  	  	 	5,000,000	  	  	 	4,000,000	  	  	 	1,280,912	  	  	 	51.73	% 	 	 	2,069,109	  	  	 	1,862,197.92	  
										
	 576434D84
	  	MALT0501	  	2A1	  	 	63,000,000	  	  	 	59,000,000	  	  	 	47,200,000	  	  	 	16,192,262	  	  	 	54.35	% 	 	 	25,653,678	  	  	 	23,088,310.58	  
										
	 576434E75
	  	MALT0501	  	6A4	  	 	154,445,000	  	  	 	40,445,000	  	  	 	32,356,000	  	  	 	6,000,805	  	  	 	43.78	% 	 	 	14,164,813	  	  	 	12,748,331.33	  
										
	 576434MR2
	  	MALT0402	  	8A1	  	 	21,879,500	  	  	 	21,879,500	  	  	 	17,503,600	  	  	 	998,581	  	  	 	24.04	% 	 	 	4,208,176	  	  	 	3,787,358.41	  
										
	 576434W34
	  	MALT0506	  	2A1	  	 	69,808,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	3,982,272	  	  	 	69.86	% 	 	 	5,588,662	  	  	 	5,029,796.16	  
										
	 576434YQ1
	  	MALT0412	  	6A2	  	 	50,700,000	  	  	 	50,700,000	  	  	 	40,560,000	  	  	 	4,570,193	  	  	 	47.92	% 	 	 	19,434,634	  	  	 	17,491,171.04	  
										
	 576434ZR8
	  	MALT0413	  	2A1	  	 	42,500,000	  	  	 	8,304,000	  	  	 	6,643,200	  	  	 	1,823,240	  	  	 	57.50	% 	 	 	3,819,555	  	  	 	3,437,599.68	  
										
	 57643MJH8
	  	MAST0411	  	5A1	  	 	7,398,000	  	  	 	7,398,000	  	  	 	5,918,400	  	  	 	29,449	  	  	 	29.59	% 	 	 	1,751,334	  	  	 	1,576,200.96	  
										
	 57645TAA5
	  	MARM07H2	  	A1	  	 	416,888,000	  	  	 	120,388,000	  	  	 	96,310,400	  	  	 	45,094,183	  	  	 	82.91	% 	 	 	79,847,055	  	  	 	71,862,349.46	  
										
	 5899292M9
	  	MLCC03F	  	A1	  	 	839,000,000	  	  	 	10,000,000	  	  	 	8,000,000	  	  	 	687,319	  	  	 	11.62	% 	 	 	929,754	  	  	 	836,778.96	  
										
	 5899296M5
	  	MLCC03H	  	A1	  	 	365,708,000	  	  	 	14,908,000	  	  	 	11,926,400	  	  	 	962,671	  	  	 	11.47	% 	 	 	1,367,848	  	  	 	1,231,063.20	  
										
	 589929K56
	  	MLCC03B	  	A1	  	 	791,510,000	  	  	 	30,000,000	  	  	 	24,000,000	  	  	 	2,077,094	  	  	 	11.61	% 	 	 	2,787,326	  	  	 	2,508,593.05	  
										
	 589929S41
	  	MLCC03C	  	A1	  	 	773,795,000	  	  	 	33,000,000	  	  	 	26,400,000	  	  	 	2,028,413	  	  	 	10.64	% 	 	 	2,810,079	  	  	 	2,529,071.28	  
										
	 59020UAR6
	  	MLCC04A	  	A1	  	 	991,600,000	  	  	 	19,735,000	  	  	 	15,788,000	  	  	 	1,396,527	  	  	 	12.31	% 	 	 	1,943,262	  	  	 	1,748,936.16	  
										
	 59020UBU8
	  	MLCC04B	  	A1	  	 	569,500,000	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	1,037,619	  	  	 	11.83	% 	 	 	1,419,744	  	  	 	1,277,769.60	  
										
	 59020UDN2
	  	MLCC04C	  	A1	  	 	224,818,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	1,564,348	  	  	 	12.75	% 	 	 	2,039,257	  	  	 	1,835,331.12	  
										
	 59020UET8
	  	MLCC04H1	  	A1	  	 	157,500,000	  	  	 	47,000,000	  	  	 	37,600,000	  	  	 	2,469,427	  	  	 	8.89	% 	 	 	3,341,893	  	  	 	3,007,703.90	  

  
 82 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	90% of Cut-off
value - Dutch
State	 
										
	 59020UGF6
	  	MLCC04D	 	A1	 	 	377,130,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	1,479,479	  	 	 	12.10	% 	 	 	1,936,325	  	 	 	1,742,692.32	  
										
	 59020UNZ4
	  	MLCC04G	 	A1	 	 	306,568,000	  	 	 	12,000,000	  	 	 	9,600,000	  	 	 	566,737	  	 	 	10.12	% 	 	 	971,070	  	 	 	873,962.64	  
										
	 59020UQ40
	  	MLM05A08	 	A3A2	 	 	99,728,000	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	4,580,235	  	 	 	75.35	% 	 	 	9,042,127	  	 	 	8,137,914.48	  
										
	 59020USH9
	  	MLM05A02	 	A1	 	 	230,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	12,850,860	  	 	 	60.77	% 	 	 	24,306,225	  	 	 	21,875,602.68	  
										
	 59020UTJ4
	  	MLM05A02	 	A6	 	 	25,000,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	—   	  	 	 	18.68	% 	 	 	3,735,259	  	 	 	3,361,732.81	  
										
	 59020UVL6
	  	MLCC0501	 	2A4	 	 	78,450,000	  	 	 	78,450,000	  	 	 	62,760,000	  	 	 	—   	  	 	 	40.96	% 	 	 	25,703,792	  	 	 	23,133,412.56	  
										
	 59020UXJ9
	  	MLM05A04	 	IIA1	 	 	133,885,000	  	 	 	133,885,000	  	 	 	107,108,000	  	 	 	—   	  	 	 	19.16	% 	 	 	20,520,678	  	 	 	18,468,610.57	  
										
	 59020UYL3
	  	MLM05A05	 	A1	 	 	250,000,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	1,417,757	  	 	 	41.65	% 	 	 	49,979,410	  	 	 	44,981,468.86	  
										
	 590227AA2
	  	MLA07OA5	 	A1	 	 	410,922,800	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	61,891,849	  	 	 	93.63	% 	 	 	74,905,771	  	 	 	67,415,194.08	  
										
	 59023CAH5
	  	MLM06A03	 	VA1	 	 	39,359,000	  	 	 	39,359,000	  	 	 	31,487,200	  	 	 	11,393,623	  	 	 	77.21	% 	 	 	24,311,752	  	 	 	21,880,576.54	  
										
	 59023TAB1
	  	MLA07OA1	 	A2	 	 	99,309,000	  	 	 	99,309,000	  	 	 	79,447,200	  	 	 	53,607,047	  	 	 	81.55	% 	 	 	64,791,882	  	 	 	58,312,693.51	  
										
	 59024BAB9
	  	MLA07OA2	 	A2	 	 	143,792,000	  	 	 	143,792,000	  	 	 	115,033,600	  	 	 	64,481,084	  	 	 	83.63	% 	 	 	96,201,524	  	 	 	86,581,371.70	  
										
	 59024JAA4
	  	MLA07OA3	 	A1	 	 	216,169,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	26,516,429	  	 	 	92.02	% 	 	 	36,809,996	  	 	 	33,128,996.76	  
										
	 59024JAB2
	  	MLA07OA3	 	A2	 	 	90,069,000	  	 	 	90,069,000	  	 	 	72,055,200	  	 	 	36,737,314	  	 	 	92.02	% 	 	 	66,308,791	  	 	 	59,677,912.18	  
										
	 617487AF0
	  	MSM0616A	 	3A1	 	 	197,408,000	  	 	 	175,408,000	  	 	 	140,326,400	  	 	 	84,359,576	  	 	 	72.93	% 	 	 	102,346,585	  	 	 	92,111,926.35	  
										
	 61748HBF7
	  	MSM046AR	 	1A	 	 	318,369,000	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	1,298,338	  	 	 	21.93	% 	 	 	2,631,541	  	 	 	2,368,386.72	  
										
	 61748HDG3
	  	MSM04004	 	1A10	 	 	75,000,000	  	 	 	71,000,000	  	 	 	56,800,000	  	 	 	6,846,440	  	 	 	43.96	% 	 	 	24,969,869	  	 	 	22,472,881.96	  

  
 83 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
	 61748HDK4
	  	MSM04004	 	1A13	 	 	137,480,000	  	 	 	134,480,000	  	 	 	107,584,000	  	 	 	5,741,442	  	 	 	39.68	% 	 	 	42,690,488	  	 	 	38,421,439.15	  
										
	 61748HJH5
	  	MSM05001	 	4A1	 	 	63,240,000	  	 	 	63,240,000	  	 	 	50,592,000	  	 	 	14,579,076	  	 	 	53.78	% 	 	 	27,206,988	  	 	 	24,486,289.51	  
										
	 61748HPR6
	  	MSM05007	 	7A6	 	 	89,117,000	  	 	 	76,677,000	  	 	 	61,341,600	  	 	 	24,369,543	  	 	 	77.35	% 	 	 	47,448,247	  	 	 	42,703,422.72	  
										
	 61748HRW3
	  	MSM05010	 	1A5	 	 	52,050,000	  	 	 	52,050,000	  	 	 	41,640,000	  	 	 	6,489,108	  	 	 	60.06	% 	 	 	25,008,419	  	 	 	22,507,576.68	  
										
	 61749LAR2
	  	MSM068AR	 	6A1	 	 	57,074,000	  	 	 	36,074,000	  	 	 	28,859,200	  	 	 	11,650,107	  	 	 	87.04	% 	 	 	25,119,225	  	 	 	22,607,302.65	  
										
	 61756VAE9
	  	MSM0714A	 	2A1	 	 	321,118,000	  	 	 	171,118,000	  	 	 	136,894,400	  	 	 	66,680,794	  	 	 	84.31	% 	 	 	115,414,572	  	 	 	103,873,114.90	  
										
	 61756XAH8
	  	MSM0715A	 	2A2	 	 	42,513,000	  	 	 	42,513,000	  	 	 	34,010,400	  	 	 	22,923,053	  	 	 	90.16	% 	 	 	30,664,005	  	 	 	27,597,604.76	  
										
	 61756XBT1
	  	MSM0715A	 	5A1	 	 	103,646,000	  	 	 	103,646,000	  	 	 	82,916,800	  	 	 	57,006,410	  	 	 	89.47	% 	 	 	74,183,765	  	 	 	66,765,388.93	  
										
	 61913PAP7
	  	MIT05001	 	1A1	 	 	665,763,000	  	 	 	7,763,000	  	 	 	6,210,400	  	 	 	1,485,117	  	 	 	37.74	% 	 	 	2,343,756	  	 	 	2,109,380.40	  
										
	 61915RBC9
	  	MIT05AR1	 	IA2	 	 	105,748,000	  	 	 	30,803,000	  	 	 	24,642,400	  	 	 	5,855,603	  	 	 	43.61	% 	 	 	10,746,153	  	 	 	9,671,537.51	  
										
	 62951MAZ3
	  	NAA04R03	 	AF	 	 	77,202,673	  	 	 	67,202,673	  	 	 	53,762,138	  	 	 	15,054,338	  	 	 	39.66	% 	 	 	21,323,495	  	 	 	19,191,145.71	  
										
	 643528AC6
	  	NCA06AL1	 	AF3	 	 	74,436,000	  	 	 	44,436,000	  	 	 	35,548,800	  	 	 	28,339,839	  	 	 	100.00	% 	 	 	35,548,800	  	 	 	31,993,920.00	  
										
	 65536PAQ3
	  	NAA06AF1	 	VA	 	 	27,133,000	  	 	 	27,133,000	  	 	 	21,706,400	  	 	 	5,060,149	  	 	 	69.46	% 	 	 	15,077,832	  	 	 	13,570,049.05	  
										
	 68383NCE1
	  	OMAC0504	 	IA2	 	 	95,006,000	  	 	 	20,006,000	  	 	 	16,004,800	  	 	 	4,556,539	  	 	 	47.44	% 	 	 	7,592,843	  	 	 	6,833,558.88	  
										
	 68383NDV2
	  	OMAC0601	 	IA1B	 	 	219,307,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	6,567,183	  	 	 	100.00	% 	 	 	16,000,000	  	 	 	14,400,000.00	  
										
	 69335QAA1
	  	PHH06002	 	A1	 	 	25,059,958	  	 	 	25,059,958	  	 	 	20,047,966	  	 	 	2,008,598	  	 	 	74.83	% 	 	 	15,002,121	  	 	 	13,501,908.88	  
										
	 69335QAE3
	  	PHH06002	 	A5	 	 	93,972,937	  	 	 	93,972,937	  	 	 	75,178,350	  	 	 	6,470,956	  	 	 	63.29	% 	 	 	47,581,503	  	 	 	42,823,352.59	  
										
	 69336RDJ6
	  	PHH06001	 	A6	 	 	44,687,384	  	 	 	44,687,384	  	 	 	35,749,907	  	 	 	2,015,281	  	 	 	55.85	% 	 	 	19,966,288	  	 	 	17,969,659.64	  

  
 84 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
	 69337BAN4
	  	PHHA0701	 	II2PO	 	 	333,212	  	 	 	333,212	  	 	 	266,570	  	 	 	40,729	  	 	 	88.31	% 	 	 	235,401	  	 	 	211,860.72	  
										
	 69337HAT8
	  	PHHA0702	 	2PO	 	 	993,618	  	 	 	993,618	  	 	 	794,894	  	 	 	471,397	  	 	 	91.63	% 	 	 	728,380	  	 	 	655,542.00	  
										
	 69348RTC0
	  	PNC99010	 	DB1	 	 	14,876,134	  	 	 	14,876,134	  	 	 	11,900,907	  	 	 	2,898,603	  	 	 	34.99	% 	 	 	4,163,875	  	 	 	3,747,487.68	  
										
	 69348RTD8
	  	PNC99010	 	DB2	 	 	7,330,270	  	 	 	7,330,270	  	 	 	5,864,216	  	 	 	1,428,297	  	 	 	34.99	% 	 	 	2,051,765	  	 	 	1,846,588.32	  
										
	 74160MGJ5
	  	PRT05001	 	A1	 	 	122,951,000	  	 	 	122,951,000	  	 	 	98,360,800	  	 	 	—   	  	 	 	52.15	% 	 	 	51,294,689	  	 	 	46,165,219.75	  
										
	 74160MHB1
	  	PRTR0501	 	2A2	 	 	62,306,500	  	 	 	37,306,500	  	 	 	29,845,200	  	 	 	—   	  	 	 	58.13	% 	 	 	17,347,782	  	 	 	15,613,003.80	  
										
	 743873AA9
	  	PFM03001	 	A	 	 	364,182,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	1,901,988	  	 	 	10.42	% 	 	 	4,169,050	  	 	 	3,752,144.89	  
										
	 74922AAA5
	  	RFC07QH6	 	A1	 	 	336,244,000	  	 	 	152,000,000	  	 	 	121,600,000	  	 	 	77,185,066	  	 	 	94.50	% 	 	 	114,910,107	  	 	 	103,419,096.35	  
										
	 74922AAB3
	  	RFC07QH6	 	A2	 	 	140,102,000	  	 	 	70,000,000	  	 	 	56,000,000	  	 	 	35,545,754	  	 	 	94.50	% 	 	 	52,919,128	  	 	 	47,627,215.42	  
										
	 74922EAA7
	  	RFC06QS6	 	IA1	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	27,441,142	  	 	 	56.45	% 	 	 	45,157,047	  	 	 	40,641,342.62	  
										
	 74922GAE4
	  	RFC06Q14	 	A5	 	 	15,384,616	  	 	 	15,384,616	  	 	 	12,307,693	  	 	 	4,711,169	  	 	 	65.95	% 	 	 	8,117,158	  	 	 	7,305,441.84	  
										
	 74922GAK0
	  	RFC06Q14	 	A10	 	 	5,547,285	  	 	 	5,547,285	  	 	 	4,437,828	  	 	 	2,960,054	  	 	 	100.00	% 	 	 	4,437,828	  	 	 	3,994,045.20	  
										
	 74922HAA0
	  	RFC07QH1	 	A1	 	 	297,454,000	  	 	 	35,000,000	  	 	 	28,000,000	  	 	 	16,614,870	  	 	 	87.87	% 	 	 	24,603,956	  	 	 	22,143,559.96	  
										
	 74922HAB8
	  	RFC07QH1	 	A2	 	 	123,939,000	  	 	 	21,939,000	  	 	 	17,551,200	  	 	 	10,414,675	  	 	 	87.87	% 	 	 	15,422,462	  	 	 	13,880,216.06	  
										
	 74922JAA6
	  	RFC07QH2	 	A1	 	 	197,814,000	  	 	 	37,599,000	  	 	 	30,079,200	  	 	 	17,419,393	  	 	 	90.03	% 	 	 	27,081,769	  	 	 	24,373,592.43	  
										
	 74922JAB4
	  	RFC07QH2	 	A2	 	 	82,422,000	  	 	 	34,922,000	  	 	 	27,937,600	  	 	 	16,179,155	  	 	 	90.03	% 	 	 	25,153,583	  	 	 	22,638,224.29	  
										
	 74922RAH3
	  	RFC06Q18	 	IIA1	 	 	597,538,950	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	8,848,090	  	 	 	69.91	% 	 	 	13,982,010	  	 	 	12,583,808.64	  
										
	 74922TAB2
	  	RFC07QH4	 	A2	 	 	94,228,000	  	 	 	39,228,000	  	 	 	31,382,400	  	 	 	19,594,928	  	 	 	93.74	% 	 	 	29,419,300	  	 	 	26,477,369.96	  

  
 85 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
										
	 74922UAG8
	  	RFC07QS8	 	A7	 	 	187,132,500	  	 	 	187,132,500	  	 	 	149,706,000	  	 	 	79,462,008	  	 	 	84.52	% 	 	 	126,532,933	  	 	 	113,879,639.39	  
	 74922WAA7
	  	RFC07QH3	 	A1	 	 	198,727,000	  	 	 	82,000,000	  	 	 	65,600,000	  	 	 	39,078,571	  	 	 	91.41	% 	 	 	59,966,879	  	 	 	53,970,190.98	  
										
	 749236AE5
	  	RFC07QA5	 	IIIA1	 	 	45,451,200	  	 	 	45,451,200	  	 	 	36,360,960	  	 	 	21,863,738	  	 	 	91.26	% 	 	 	33,183,187	  	 	 	29,864,868.36	  
										
	 74923XAD8
	  	RFC07QA3	 	A4	 	 	83,563,590	  	 	 	26,331,090	  	 	 	21,064,872	  	 	 	—   	  	 	 	78.68	% 	 	 	16,574,402	  	 	 	14,916,961.64	  
										
	 74923XAE6
	  	RFC07QA3	 	A5	 	 	83,563,590	  	 	 	30,886,590	  	 	 	24,709,272	  	 	 	—   	  	 	 	78.68	% 	 	 	19,441,913	  	 	 	17,497,721.45	  
										
	 74923YAA2
	  	RFC07QA4	 	A1A	 	 	130,000,000	  	 	 	80,000,000	  	 	 	64,000,000	  	 	 	21,264,452	  	 	 	75.69	% 	 	 	48,439,058	  	 	 	43,595,151.84	  
										
	 74927UAA6
	  	RGC05RP1	 	IF	 	 	241,443,000	  	 	 	63,000,000	  	 	 	50,400,000	  	 	 	15,280,890	  	 	 	44.79	% 	 	 	22,573,221	  	 	 	20,315,899.26	  
										
	 74927UAV0
	  	RGC0500A	 	1A	 	 	28,268,000	  	 	 	28,268,000	  	 	 	22,614,400	  	 	 	6,808,717	  	 	 	59.54	% 	 	 	13,464,412	  	 	 	12,117,970.79	  
										
	 74927WAC8
	  	RGC0700A	 	2A2	 	 	112,262,000	  	 	 	112,262,000	  	 	 	89,809,600	  	 	 	40,321,436	  	 	 	79.97	% 	 	 	71,821,350	  	 	 	64,639,215.23	  
										
	 74958EAC0
	  	RFC06S12	 	IIA2	 	 	267,085,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	14,907,809	  	 	 	65.21	% 	 	 	78,246,626	  	 	 	70,421,963.11	  
										
	 74958WAF3
	  	RFC07SA1	 	IIIA	 	 	57,954,000	  	 	 	57,954,000	  	 	 	46,363,200	  	 	 	21,822,938	  	 	 	82.94	% 	 	 	38,455,789	  	 	 	34,610,210.07	  
										
	 74958XAF1
	  	RFC07SA2	 	IVA	 	 	64,756,000	  	 	 	34,756,000	  	 	 	27,804,800	  	 	 	12,965,460	  	 	 	85.40	% 	 	 	23,745,602	  	 	 	21,371,041.49	  
										
	 75114HAD9
	  	RFC06QO5	 	IIA1	 	 	237,255,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	4,059,413	  	 	 	78.11	% 	 	 	6,248,657	  	 	 	5,623,790.89	  
										
	 75114HAE7
	  	RFC06QO5	 	IIA2	 	 	118,628,000	  	 	 	12,000,000	  	 	 	9,600,000	  	 	 	2,990,786	  	 	 	78.11	% 	 	 	7,498,388	  	 	 	6,748,549.07	  
										
	 75114NAB0
	  	RFC06QO6	 	A2	 	 	302,230,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	39,784,117	  	 	 	74.54	% 	 	 	59,634,205	  	 	 	53,670,784.82	  
										
	 751150AB9
	  	RFC06QO7	 	IA2	 	 	57,713,000	  	 	 	37,713,000	  	 	 	30,170,400	  	 	 	—   	  	 	 	79.88	% 	 	 	24,100,987	  	 	 	21,690,888.67	  
										
	 751155AN2
	  	RFC06Q10	 	A13	 	 	66,810,666	  	 	 	16,810,666	  	 	 	13,448,533	  	 	 	5,633,103	  	 	 	67.35	% 	 	 	9,057,514	  	 	 	8,151,762.24	  

  
 86 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off
value - Dutch

State
	 
	 751155BE1
	  	RFC06Q10	 	A19	 	 	5,293,385	  	 	 	5,293,385	  	 	 	4,234,708	  	 	 	1,915,240	  	 	 	60.86	% 	 	 	2,577,380	  	 	 	2,319,642.00	  
										
	 75116AAB6
	  	RFC07QO2	 	A2	 	 	48,527,000	  	 	 	18,888,000	  	 	 	15,110,400	  	 	 	134,650	  	 	 	88.82	% 	 	 	13,421,554	  	 	 	12,079,398.89	  
										
	 75116BAB4
	  	RFC07QS3	 	A2	 	 	300,000,000	  	 	 	300,000,000	  	 	 	240,000,000	  	 	 	113,715,576	  	 	 	79.07	% 	 	 	189,775,375	  	 	 	170,797,837.46	  
										
	 75116CAA4
	  	RFC07QS6	 	A1	 	 	175,000,000	  	 	 	33,500,000	  	 	 	26,800,000	  	 	 	13,511,041	  	 	 	85.45	% 	 	 	22,901,186	  	 	 	20,611,067.77	  
										
	 75116EAB8
	  	RFC07QH5	 	AI2	 	 	81,311,000	  	 	 	61,311,000	  	 	 	49,048,800	  	 	 	29,934,677	  	 	 	95.45	% 	 	 	46,818,716	  	 	 	42,136,844.59	  
										
	 7609857K1
	  	RFC04RS7	 	AIII	 	 	124,375,000	  	 	 	29,375,000	  	 	 	23,500,000	  	 	 	5,080,560	  	 	 	36.66	% 	 	 	8,615,864	  	 	 	7,754,277.40	  
										
	 760985U25
	  	RFC04RZ1	 	AII	 	 	160,000,000	  	 	 	26,000,000	  	 	 	20,800,000	  	 	 	2,020,242	  	 	 	12.34	% 	 	 	2,566,859	  	 	 	2,310,173.27	  
										
	 76110G2G5
	  	RFC02Q17	 	NB1	 	 	186,950,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	—   	  	 	 	1.24	% 	 	 	298,478	  	 	 	268,630.56	  
										
	 76110G2U4
	  	RFC02Q19	 	A2	 	 	157,640,000	  	 	 	32,640,000	  	 	 	26,112,000	  	 	 	442,790	  	 	 	8.43	% 	 	 	2,201,971	  	 	 	1,981,774.08	  
										
	 76110G4R9
	  	RFC03QS1	 	A9	 	 	24,545,454	  	 	 	24,545,454	  	 	 	19,636,363	  	 	 	581,007	  	 	 	9.70	% 	 	 	1,904,103	  	 	 	1,713,692.89	  
										
	 76110G5P2
	  	RFC03QS2	 	A7	 	 	103,463,750	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	700,119	  	 	 	11.64	% 	 	 	1,397,315	  	 	 	1,257,583.73	  
										
	 76110G6V8
	  	RFC03QS5	 	A2	 	 	53,203,411	  	 	 	53,203,411	  	 	 	42,562,729	  	 	 	3,593,192	  	 	 	22.27	% 	 	 	9,480,182	  	 	 	8,532,163.45	  
										
	 76110G6Z9
	  	RFC03QS5	 	A6	 	 	7,812,500	  	 	 	7,812,500	  	 	 	6,250,000	  	 	 	527,632	  	 	 	22.27	% 	 	 	1,392,090	  	 	 	1,252,880.64	  
										
	 76110GE80
	  	RFC02QS9	 	A1	 	 	40,158,900	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	226,531	  	 	 	2.62	% 	 	 	419,522	  	 	 	377,569.40	  
										
	 76110GSL6
	  	RFC01Q16	 	M1	 	 	8,908,700	  	 	 	8,908,700	  	 	 	7,126,960	  	 	 	3,047,155	  	 	 	78.55	% 	 	 	5,598,092	  	 	 	5,038,282.80	  
										
	 76110GSM4
	  	RFC01Q16	 	M2	 	 	2,628,800	  	 	 	2,628,800	  	 	 	2,103,040	  	 	 	912,236	  	 	 	78.57	% 	 	 	1,652,296	  	 	 	1,487,066.40	  
										
	 76110GU58
	  	RFC02Q14	 	A10	 	 	53,687,571	  	 	 	53,687,571	  	 	 	42,950,057	  	 	 	1,739,051	  	 	 	6.56	% 	 	 	2,815,579	  	 	 	2,534,021.28	  
										
	 76110H2X6
	  	RFC05QS5	 	A1	 	 	85,000,000	  	 	 	60,000,000	  	 	 	48,000,000	  	 	 	11,064,125	  	 	 	42.13	% 	 	 	20,220,797	  	 	 	18,198,717.12	  

  
 87 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
value -

Dutch State
	 	 	90% of Cut-off
value - Dutch
State	 
										
	 76110H5F2
	  	RFC05QS6	 	A1	 	 	148,000,000	  	 	 	148,000,000	  	 	 	118,400,000	  	 	 	21,687,562	  	 	 	48.35	% 	 	 	57,251,472	  	 	 	51,526,324.71	  
										
	 76110H5J4
	  	RFC05QS6	 	A4	 	 	13,883,333	  	 	 	13,883,333	  	 	 	11,106,666	  	 	 	5,033,697	  	 	 	46.94	% 	 	 	5,213,278	  	 	 	4,691,949.84	  
										
	 76110H6E4
	  	RFC05QA6	 	AIII1	 	 	25,765,700	  	 	 	25,765,700	  	 	 	20,612,560	  	 	 	4,579,285	  	 	 	44.75	% 	 	 	9,224,007	  	 	 	8,301,606.04	  
										
	 76110H7B9
	  	RFC05QA7	 	AII1	 	 	209,814,000	  	 	 	69,000,000	  	 	 	55,200,000	  	 	 	19,469,897	  	 	 	47.76	% 	 	 	26,362,911	  	 	 	23,726,620.28	  
										
	 76110HAV1
	  	RFC03QS8	 	A4	 	 	46,255,230	  	 	 	46,255,230	  	 	 	37,004,184	  	 	 	4,497,702	  	 	 	23.96	% 	 	 	8,867,454	  	 	 	7,980,708.97	  
										
	 76110HB57
	  	RFC04QR1	 	A1	 	 	160,432,988	  	 	 	135,432,988	  	 	 	108,346,390	  	 	 	11,789,214	  	 	 	35.48	% 	 	 	38,442,874	  	 	 	34,598,586.91	  
										
	 76110HCB3
	  	RFC03QS9	 	A2	 	 	62,730,625	  	 	 	62,730,625	  	 	 	50,184,500	  	 	 	5,008,936	  	 	 	28.39	% 	 	 	14,246,243	  	 	 	12,821,618.90	  
										
	 76110HDD8
	  	RFC03Q10	 	A15	 	 	29,560,000	  	 	 	29,560,000	  	 	 	23,648,000	  	 	 	2,279,662	  	 	 	22.33	% 	 	 	5,281,136	  	 	 	4,753,022.39	  
										
	 76110HEH8
	  	RFC03Q11	 	A1	 	 	111,963,274	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	3,070,489	  	 	 	18.01	% 	 	 	7,205,292	  	 	 	6,484,763.09	  
										
	 76110HEL9
	  	RFC03Q11	 	A4	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	3,172,719	  	 	 	18.61	% 	 	 	7,445,188	  	 	 	6,700,669.02	  
										
	 76110HEM7
	  	RFC03Q11	 	A5	 	 	175,649,086	  	 	 	76,420,125	  	 	 	61,136,100	  	 	 	4,692,944	  	 	 	18.01	% 	 	 	11,012,584	  	 	 	9,911,325.58	  
										
	 76110HER6
	  	RFC03Q11	 	A9	 	 	92,342,923	  	 	 	92,342,923	  	 	 	73,874,338	  	 	 	10,903,191	  	 	 	26.68	% 	 	 	19,706,871	  	 	 	17,736,184.09	  
										
	 76110HFZ7
	  	RFC03Q13	 	A7	 	 	137,809,825	  	 	 	80,309,825	  	 	 	64,247,860	  	 	 	10,979,223	  	 	 	32.94	% 	 	 	21,165,383	  	 	 	19,048,844.87	  
										
	 76110HHX0
	  	RFC03Q17	 	CB3	 	 	47,222,000	  	 	 	12,222,000	  	 	 	9,777,600	  	 	 	—   	  	 	 	47.94	% 	 	 	4,687,538	  	 	 	4,218,783.84	  
										
	 76110HJ59
	  	RFC04Q16	 	1A1	 	 	325,000,000	  	 	 	101,000,000	  	 	 	80,800,000	  	 	 	10,902,245	  	 	 	36.15	% 	 	 	29,208,939	  	 	 	26,288,044.82	  
										
	 76110HKD0
	  	RFC03R13	 	A3	 	 	11,000,000	  	 	 	11,000,000	  	 	 	8,800,000	  	 	 	3,309,403	  	 	 	100.00	% 	 	 	8,800,000	  	 	 	7,920,000.00	  
										
	 76110HMV8
	  	RFC03Q22	 	A1	 	 	53,472,000	  	 	 	24,917,952	  	 	 	19,934,362	  	 	 	885,489	  	 	 	18.26	% 	 	 	3,639,625	  	 	 	3,275,662.31	  

  
 88 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
value -

Dutch State
	 	 	90% of Cut-off
value - Dutch
State	 
	 76110HN88
	  	RFC05QS1	 	A1	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	20,684,285	  	 	 	47.46	% 	 	 	37,964,992	  	 	 	34,168,492.87	  
										
	 76110HP45
	  	RFC05QS1	 	A5	 	 	76,378,000	  	 	 	26,000,000	  	 	 	20,800,000	  	 	 	5,377,914	  	 	 	47.46	% 	 	 	9,870,898	  	 	 	8,883,808.15	  
										
	 76110HQ69
	  	RFC05QS2	 	A1	 	 	171,752,000	  	 	 	66,252,000	  	 	 	53,001,600	  	 	 	12,876,899	  	 	 	47.93	% 	 	 	25,406,311	  	 	 	22,865,679.54	  
										
	 76110HQG7
	  	RFC04QS2	 	AI1	 	 	48,538,800	  	 	 	48,538,800	  	 	 	38,831,040	  	 	 	4,298,452	  	 	 	37.87	% 	 	 	14,704,983	  	 	 	13,234,484.45	  
										
	 76110HUT4
	  	RFC04QS8	 	A9	 	 	25,174,900	  	 	 	25,174,900	  	 	 	20,139,920	  	 	 	5,269,663	  	 	 	49.21	% 	 	 	9,911,021	  	 	 	8,919,918.73	  
										
	 76110HWU9
	  	RFC04Q11	 	A1	 	 	50,792,000	  	 	 	50,792,000	  	 	 	40,633,600	  	 	 	2,894,551	  	 	 	22.88	% 	 	 	9,297,889	  	 	 	8,368,099.74	  
										
	 761118AV0
	  	RFC05QS9	 	A2	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	8,205,156	  	 	 	44.17	% 	 	 	17,668,439	  	 	 	15,901,595.28	  
										
	 761118CX4
	  	RFC05Q10	 	IIIA1	 	 	105,149,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	5,469,916	  	 	 	50.66	% 	 	 	10,132,871	  	 	 	9,119,584.08	  
										
	 761118DU9
	  	RFC05Q12	 	A7	 	 	64,000,000	  	 	 	9,200,000	  	 	 	7,360,000	  	 	 	317,301	  	 	 	51.30	% 	 	 	3,775,373	  	 	 	3,397,835.52	  
										
	 761118HU5
	  	RFC05QO2	 	A1	 	 	230,935,000	  	 	 	75,000,000	  	 	 	60,000,000	  	 	 	18,627,884	  	 	 	45.18	% 	 	 	27,108,257	  	 	 	24,397,431.12	  
										
	 761118JH2
	  	RFC05Q14	 	IIA1	 	 	115,613,000	  	 	 	45,000,000	  	 	 	36,000,000	  	 	 	15,907,277	  	 	 	62.94	% 	 	 	22,657,101	  	 	 	20,391,390.72	  
										
	 761118KV9
	  	RFC05QO3	 	A2	 	 	113,133,000	  	 	 	43,133,000	  	 	 	34,506,400	  	 	 	10,134,936	  	 	 	49.07	% 	 	 	16,933,222	  	 	 	15,239,900.10	  
										
	 761118NP9
	  	RFC05QO4	 	IIA2	 	 	120,953,000	  	 	 	27,953,000	  	 	 	22,362,400	  	 	 	6,172,583	  	 	 	52.40	% 	 	 	11,717,897	  	 	 	10,546,107.12	  
										
	 761118PY8
	  	RFC05Q17	 	A9	 	 	128,790,000	  	 	 	128,790,000	  	 	 	103,032,000	  	 	 	33,504,379	  	 	 	55.83	% 	 	 	57,525,829	  	 	 	51,773,245.77	  
										
	 761118PZ5
	  	RFC05Q17	 	A10	 	 	162,694,000	  	 	 	62,694,000	  	 	 	50,155,200	  	 	 	13,382,863	  	 	 	50.40	% 	 	 	25,279,983	  	 	 	22,751,984.52	  
										
	 761118QM3
	  	RFC05QO5	 	A1	 	 	694,684,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	14,664,844	  	 	 	53.85	% 	 	 	21,541,042	  	 	 	19,386,937.44	  
										
	 761118RM2
	  	RFC06QO1	 	3A1	 	 	309,242,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	3,784,567	  	 	 	66.50	% 	 	 	5,320,194	  	 	 	4,788,174.96	  
										
	 761118RN0
	  	RFC06QO1	 	3A2	 	 	128,851,000	  	 	 	105,851,000	  	 	 	84,680,800	  	 	 	24,512,773	  	 	 	66.50	% 	 	 	56,314,716	  	 	 	50,683,244.31	  

  
 89 

																																	
	Cusip	  	Deal Name	 	Tranche
Name	 	 Original
Balance -

Total
	 	 	 Original
Balance -

ING
	 	 	Original
Balance -
Dutch State	 	 	Current
Balance -
Dutch State
(indicative
as of 5 Oct
2012)	 	 	Bond
Factor at
cut-off
date	 	 	 Cut-off
 value -
 Dutch State
	 	 	90% of Cut-off
value - Dutch
State	 
										
	 761118VY1
	  	RFC06QO2	 	A1	 	 	370,542,000	  	 	 	51,742,000	  	 	 	41,393,600	  	 	 	14,089,494	  	 	 	55.75	% 	 	 	23,075,778	  	 	 	20,768,200.56	  
										
	 761118VZ8
	  	RFC06QO2	 	A2	 	 	154,392,000	  	 	 	54,392,000	  	 	 	43,513,600	  	 	 	16,238,264	  	 	 	60.13	% 	 	 	26,164,633	  	 	 	23,548,169.62	  
										
	 761118WQ7
	  	RFC06QO3	 	A2	 	 	149,747,000	  	 	 	17,747,000	  	 	 	14,197,600	  	 	 	6,580,827	  	 	 	69.21	% 	 	 	9,826,627	  	 	 	8,843,964.48	  
										
	 76111J2T0
	  	RFC03S07	 	A1	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	—   	  	 	 	26.60	% 	 	 	21,277,756	  	 	 	19,149,980.33	  
										
	 76111J7F5
	  	RFC03S10	 	A1	 	 	177,696,000	  	 	 	117,696,000	  	 	 	94,156,800	  	 	 	—   	  	 	 	22.07	% 	 	 	20,782,247	  	 	 	18,704,021.96	  
										
	 76111JP65
	  	RFC03S02	 	A4	 	 	93,551,000	  	 	 	93,551,000	  	 	 	74,840,800	  	 	 	—   	  	 	 	5.91	% 	 	 	4,423,022	  	 	 	3,980,719.64	  
										
	 76111JV50
	  	RFC03S04	 	A12	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	—   	  	 	 	26.63	% 	 	 	10,651,405	  	 	 	9,586,264.82	  
										
	 76111XDS9
	  	RFC03S20	 	IA2	 	 	155,498,000	  	 	 	78,300,000	  	 	 	62,640,000	  	 	 	—   	  	 	 	17.99	% 	 	 	11,271,270	  	 	 	10,144,142.74	  
										
	 76111XDT7
	  	RFC03S20	 	IA3	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	—   	  	 	 	17.99	% 	 	 	7,197,490	  	 	 	6,477,741.22	  
										
	 76111XEA7
	  	RFC03S20	 	IIA1	 	 	225,379,000	  	 	 	80,000,000	  	 	 	64,000,000	  	 	 	6,963,606	  	 	 	43.34	% 	 	 	27,735,119	  	 	 	24,961,606.79	  
										
	 76111XFT5
	  	RFC04S02	 	A1	 	 	147,645,182	  	 	 	47,645,182	  	 	 	38,116,146	  	 	 	—   	  	 	 	40.46	% 	 	 	15,423,540	  	 	 	13,881,185.61	  
										
	 76111XJP9
	  	RFC04S05	 	IA3	 	 	160,873,000	  	 	 	75,000,000	  	 	 	60,000,000	  	 	 	—   	  	 	 	44.34	% 	 	 	26,601,077	  	 	 	23,940,969.07	  
										
	 76111XLV3
	  	RFC04S06	 	IIA1	 	 	114,643,000	  	 	 	83,143,000	  	 	 	66,514,400	  	 	 	—   	  	 	 	49.44	% 	 	 	32,882,496	  	 	 	29,594,246.15	  
										
	 76112BES5
	  	RFC04SP3	 	AII	 	 	156,751,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	2,470,226	  	 	 	32.08	% 	 	 	5,132,994	  	 	 	4,619,694.96	  
										
	 76113XAA9
	  	RAS06A12	 	A1	 	 	289,176,000	  	 	 	88,000,000	  	 	 	70,400,000	  	 	 	23,360,995	  	 	 	58.52	% 	 	 	41,201,160	  	 	 	37,081,044.00	  
										
	 76114DAB0
	  	RAS06A15	 	A2	 	 	29,160,000	  	 	 	26,160,000	  	 	 	20,928,000	  	 	 	8,600,345	  	 	 	68.65	% 	 	 	14,366,058	  	 	 	12,929,452.12	  
										
	 76114QAB1
	  	RAS070A7	 	A2	 	 	180,140,000	  	 	 	155,140,000	  	 	 	124,112,000	  	 	 	75,440,782	  	 	 	89.46	% 	 	 	111,030,088	  	 	 	99,927,079.49	  

  
 90 

																																	
	Cusip	  	Deal Name	  	 Tranche
 Name
	  	 Original
 Balance -
 Total
	 	  	 Original
 Balance -
 ING
	 	  	 Original
 Balance -
 Dutch State
	 	  	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	  	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	  	 90% of Cut-off

value - Dutch

State
	 
	 78473NAE3
	  	STR07001	  	3A1	  	 	93,757,000	  	  	 	93,757,000	  	  	 	75,005,600	  	  	 	24,555,003	  	  	 	78.17	% 	 	 	58,633,621	  	  	 	52,770,259.26	  
										
	 79548K5X2
	  	UPM01UP2	  	AF2	  	 	75,108,532	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	—   	  	  	 	0.47	% 	 	 	56,286	  	  	 	50,657.76	  
										
	 79548KUW6
	  	SBM797H1	  	B4	  	 	11,415,000	  	  	 	3,805,000	  	  	 	3,044,000	  	  	 	—   	  	  	 	7.18	% 	 	 	218,596	  	  	 	196,736.32	  
										
	 79548KXS2
	  	SBM797H2	  	B3	  	 	17,413,000	  	  	 	17,413,000	  	  	 	13,930,400	  	  	 	2,003,347	  	  	 	33.53	% 	 	 	4,670,582	  	  	 	4,203,524.16	  
										
	 79549AFP9
	  	SB701CP1	  	B3	  	 	2,438,000	  	  	 	2,438,000	  	  	 	1,950,400	  	  	 	—   	  	  	 	23.71	% 	 	 	462,471	  	  	 	416,224.08	  
										
	 81743PBH8
	  	SQMT0304	  	1A1	  	 	148,641,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	2,000,698	  	  	 	17.21	% 	 	 	2,754,373	  	  	 	2,478,935.52	  
										
	 81743PCJ3
	  	SQMT0305	  	A1	  	 	675,596,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	989,291	  	  	 	8.88	% 	 	 	1,421,034	  	  	 	1,278,930.24	  
										
	 81744FBS5
	  	SQMT0405	  	A1	  	 	553,000,000	  	  	 	135,000,000	  	  	 	108,000,000	  	  	 	6,962,327	  	  	 	8.90	% 	 	 	9,608,588	  	  	 	8,647,729.45	  
										
	 81744FDV6
	  	SQMT0409	  	A1	  	 	453,364,000	  	  	 	20,000,000	  	  	 	16,000,000	  	  	 	2,050,604	  	  	 	16.47	% 	 	 	2,635,879	  	  	 	2,372,291.28	  
										
	 81744FEV5
	  	SQMT0410	  	A2	  	 	203,441,000	  	  	 	15,000,000	  	  	 	12,000,000	  	  	 	1,578,603	  	  	 	17.27	% 	 	 	2,072,322	  	  	 	1,865,089.44	  
										
	 81744HAH6
	  	SQMT0701	  	4A1	  	 	98,689,000	  	  	 	25,000,000	  	  	 	20,000,000	  	  	 	9,008,872	  	  	 	82.91	% 	 	 	16,582,557	  	  	 	14,924,301.30	  
										
	 81744JAE9
	  	SQMT0704	  	3A1	  	 	49,260,000	  	  	 	49,260,000	  	  	 	39,408,000	  	  	 	22,416,409	  	  	 	94.72	% 	 	 	37,329,018	  	  	 	33,596,116.16	  
										
	 81744MAQ5
	  	SQMT0703	  	2BA1	  	 	77,686,000	  	  	 	52,686,000	  	  	 	42,148,800	  	  	 	19,783,910	  	  	 	86.00	% 	 	 	36,248,677	  	  	 	32,623,809.63	  
										
	 855541AE8
	  	STR07S01	  	5A1	  	 	54,885,000	  	  	 	37,885,000	  	  	 	30,308,000	  	  	 	8,176,505	  	  	 	87.05	% 	 	 	26,384,290	  	  	 	23,745,860.60	  
										
	 863572UD3
	  	SASC9806	  	B1	  	 	8,552,000	  	  	 	8,552,000	  	  	 	6,841,600	  	  	 	2,189,667	  	  	 	40.66	% 	 	 	2,781,862	  	  	 	2,503,676.16	  
										
	 863576CB8
	  	SAS05006	  	2A21	  	 	78,266,000	  	  	 	78,266,000	  	  	 	62,612,800	  	  	 	—   	  	  	 	44.44	% 	 	 	27,824,413	  	  	 	25,041,971.90	  
										
	 863576CD4
	  	SAS05006	  	3A2	  	 	10,344,000	  	  	 	10,344,000	  	  	 	8,275,200	  	  	 	3,504,817	  	  	 	66.75	% 	 	 	5,523,496	  	  	 	4,971,146.40	  
										
	 863576CM4
	  	SAS05006	  	5A7	  	 	73,089,333	  	  	 	23,089,333	  	  	 	18,471,466	  	  	 	—   	  	  	 	80.17	% 	 	 	14,808,490	  	  	 	13,327,640.93	  

  
 91 

																																	
	Cusip	  	Deal Name	  	 Tranche
 Name
	  	 Original
 Balance -
 Total
	 	  	 Original
 Balance -
 ING
	 	  	 Original
 Balance -
 Dutch State
	 	  	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	  	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	  	 90% of Cut-off

value - Dutch

State
	 
										
	 863579AP3
	  	SAR04012	  	3A1	  	 	300,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	16,131,414	  	  	 	29.93	% 	 	 	23,941,409	  	  	 	21,547,267.70	  
										
	 863579B64
	  	SAR05021	  	4A1	  	 	85,873,000	  	  	 	85,873,000	  	  	 	68,698,400	  	  	 	24,956,396	  	  	 	75.10	% 	 	 	51,594,263	  	  	 	46,434,836.50	  
										
	 863579B72
	  	SAR05021	  	5A1	  	 	163,121,000	  	  	 	163,121,000	  	  	 	130,496,800	  	  	 	51,871,901	  	  	 	73.51	% 	 	 	95,922,876	  	  	 	86,330,588.54	  
										
	 863579B98
	  	SAR05021	  	6A1	  	 	175,569,000	  	  	 	175,569,000	  	  	 	140,455,200	  	  	 	21,461,549	  	  	 	61.39	% 	 	 	86,224,568	  	  	 	77,602,111.61	  
										
	 863579DE5
	  	SAR04015	  	A	  	 	202,611,000	  	  	 	202,611,000	  	  	 	162,088,800	  	  	 	11,673,831	  	  	 	9.55	% 	 	 	15,487,522	  	  	 	13,938,770.19	  
										
	 863579DQ8
	  	SAR04017	  	A1	  	 	182,000,000	  	  	 	150,000,000	  	  	 	120,000,000	  	  	 	7,757,094	  	  	 	8.29	% 	 	 	9,949,434	  	  	 	8,954,490.28	  
										
	 863579F45
	  	SAR05022	  	1A1	  	 	120,000,000	  	  	 	120,000,000	  	  	 	96,000,000	  	  	 	18,186,762	  	  	 	49.06	% 	 	 	47,100,738	  	  	 	42,390,663.98	  
										
	 863579L63
	  	SAR05023	  	4A1	  	 	135,744,000	  	  	 	70,744,000	  	  	 	56,595,200	  	  	 	26,479,105	  	  	 	74.34	% 	 	 	42,074,889	  	  	 	37,867,399.86	  
										
	 863579Q68
	  	SAR06001	  	7A1	  	 	142,285,000	  	  	 	112,285,000	  	  	 	89,828,000	  	  	 	8,589,705	  	  	 	56.27	% 	 	 	50,545,868	  	  	 	45,491,281.49	  
										
	 863579QX9
	  	SAR05009	  	2A2A	  	 	166,000,000	  	  	 	136,000,000	  	  	 	108,800,000	  	  	 	33,506,657	  	  	 	43.03	% 	 	 	46,815,241	  	  	 	42,133,716.65	  
										
	 863579TN8
	  	SAR05014	  	A2	  	 	120,943,000	  	  	 	30,943,000	  	  	 	24,754,400	  	  	 	4,134,832	  	  	 	25.34	% 	 	 	6,273,677	  	  	 	5,646,309.00	  
										
	 863579TP3
	  	SAR05014	  	A3	  	 	49,882,000	  	  	 	49,882,000	  	  	 	39,905,600	  	  	 	6,665,606	  	  	 	25.34	% 	 	 	10,113,557	  	  	 	9,102,201.43	  
										
	 863579WT1
	  	SAR0516X	  	A2B	  	 	64,077,000	  	  	 	64,077,000	  	  	 	51,261,600	  	  	 	4,427,660	  	  	 	17.29	% 	 	 	8,864,098	  	  	 	7,977,687.78	  
										
	 863579XE3
	  	SAR05018	  	4A1	  	 	100,000,000	  	  	 	100,000,000	  	  	 	80,000,000	  	  	 	36,315,144	  	  	 	75.79	% 	 	 	60,629,927	  	  	 	54,566,934.19	  
										
	 863579XM5
	  	SAR05018	  	7A1	  	 	131,240,000	  	  	 	131,240,000	  	  	 	104,992,000	  	  	 	1,637,819	  	  	 	49.34	% 	 	 	51,808,225	  	  	 	46,627,402.14	  
										
	 863579ZD3
	  	SAR0519X	  	1A2B	  	 	146,326,000	  	  	 	146,326,000	  	  	 	117,060,800	  	  	 	20,594,537	  	  	 	29.48	% 	 	 	34,509,952	  	  	 	31,058,956.95	  
										
	 863581AA2
	  	SAR06006	  	1A1	  	 	74,190,000	  	  	 	59,190,000	  	  	 	47,352,000	  	  	 	11,592,606	  	  	 	51.06	% 	 	 	24,178,236	  	  	 	21,760,412.53	  

  
 92 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 86358HRV3
	  	SAMI03A1	 	A1	 	 	230,624,800	  	 	 	22,000,000	  	 	 	17,600,000	  	 	 	1,773,672	  	 	 	12.24	% 	 	 	2,153,632	  	 	 	1,938,268.81	  
										
	 86358HSS9
	  	SAMI03C1	 	IF1	 	 	79,343,315	  	 	 	45,177,000	  	 	 	36,141,600	  	 	 	1,806,408	  	 	 	10.66	% 	 	 	3,851,289	  	 	 	3,466,159.92	  
										
	 86358HUT4
	  	SAMI03A3	 	A1	 	 	414,946,600	  	 	 	59,994,300	  	 	 	47,995,440	  	 	 	4,187,611	  	 	 	10.50	% 	 	 	5,038,678	  	 	 	4,534,810.52	  
										
	 86358R2E6
	  	SAS0216A	 	3A1	 	 	66,580,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	261,411	  	 	 	2.70	% 	 	 	539,974	  	 	 	485,976.49	  
										
	 86358R5J2
	  	SAS0218A	 	3A	 	 	31,665,000	  	 	 	31,665,000	  	 	 	25,332,000	  	 	 	417,159	  	 	 	4.66	% 	 	 	1,181,276	  	 	 	1,063,148.22	  
										
	 86358RE29
	  	SAS0208A	 	7A1	 	 	399,029,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	558,196	  	 	 	2.35	% 	 	 	940,809	  	 	 	846,727.92	  
										
	 86358RJ40
	  	ARC02	 	BC2	 	 	267,803,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	352,454	  	 	 	2.96	% 	 	 	473,194	  	 	 	425,874.24	  
										
	 86358RLC9
	  	SAS0115A	 	5A1	 	 	236,794,000	  	 	 	65,000,000	  	 	 	52,000,000	  	 	 	713,802	  	 	 	3.02	% 	 	 	1,570,132	  	 	 	1,413,118.93	  
										
	 86358RND5
	  	ARC2001-BC6W	 	A	 	 	155,000,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	413,156	  	 	 	2.24	% 	 	 	538,617	  	 	 	484,755.13	  
										
	 86358RTY3
	  	SAS0201A	 	1A3	 	 	98,000,000	  	 	 	23,000,000	  	 	 	18,400,000	  	 	 	456,541	  	 	 	5.05	% 	 	 	928,421	  	 	 	835,579.18	  
										
	 86358RUC9
	  	SAS0201A	 	2A1	 	 	206,490,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	549,036	  	 	 	2.59	% 	 	 	1,034,783	  	 	 	931,304.52	  
										
	 86358RX36
	  	SAS0216A	 	1A1	 	 	148,363,000	  	 	 	6,000,000	  	 	 	4,800,000	  	 	 	151,681	  	 	 	3.42	% 	 	 	164,368	  	 	 	147,931.20	  
										
	 86359A4F7
	  	SAS03030	 	3A1	 	 	110,587,000	  	 	 	75,435,000	  	 	 	60,348,000	  	 	 	—   	  	 	 	35.25	% 	 	 	21,271,012	  	 	 	19,143,910.36	  
										
	 86359A5A7
	  	SAS0334A	 	3A2	 	 	147,500,000	  	 	 	147,500,000	  	 	 	118,000,000	  	 	 	13,946,022	  	 	 	16.39	% 	 	 	19,337,759	  	 	 	17,403,982.72	  
										
	 86359A5V1
	  	SAS0334A	 	6A	 	 	132,251,000	  	 	 	39,000,000	  	 	 	31,200,000	  	 	 	6,968,422	  	 	 	42.45	% 	 	 	13,243,241	  	 	 	11,918,916.83	  
										
	 86359AB93
	  	SAS0323H	 	1A1	 	 	193,632,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	1,709,183	  	 	 	18.18	% 	 	 	3,635,255	  	 	 	3,271,729.68	  
										
	 86359AG64
	  	SAS0324A	 	2A	 	 	144,336,000	  	 	 	144,336,000	  	 	 	115,468,800	  	 	 	13,438,795	  	 	 	16.92	% 	 	 	19,540,501	  	 	 	17,586,450.56	  
										
	 86359ALP6
	  	SAS03001	 	4A1	 	 	58,380,000	  	 	 	58,380,000	  	 	 	46,704,000	  	 	 	—   	  	 	 	35.73	% 	 	 	16,686,632	  	 	 	15,017,968.39	  

  
 93 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 86359APA5
	  	SAS03004	 	A4	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	1,276,099	  	 	 	17.88	% 	 	 	7,153,333	  	 	 	6,437,999.59	  
										
	 86359ASL8
	  	SAS03008	 	2A8	 	 	25,000,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	557,697	  	 	 	15.84	% 	 	 	3,168,640	  	 	 	2,851,776.00	  
										
	 86359AT78
	  	SAS0326A	 	5A	 	 	111,301,000	  	 	 	35,000,000	  	 	 	28,000,000	  	 	 	2,770,502	  	 	 	16.21	% 	 	 	4,540,050	  	 	 	4,086,044.70	  
										
	 86359ATW3
	  	SAS03014	 	1A4	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	5,540,357	  	 	 	27.99	% 	 	 	22,391,122	  	 	 	20,152,009.58	  
										
	 86359ATX1
	  	SAS03014	 	1A5	 	 	83,122,000	  	 	 	53,122,000	  	 	 	42,497,600	  	 	 	2,943,149	  	 	 	27.99	% 	 	 	11,894,612	  	 	 	10,705,150.80	  
										
	 86359AVR1
	  	SAS0315A	 	2A2	 	 	99,000,000	  	 	 	98,000,000	  	 	 	78,400,000	  	 	 	5,113,241	  	 	 	10.05	% 	 	 	7,877,562	  	 	 	7,089,805.72	  
										
	 86359AVV2
	  	SAS0315A	 	3A	 	 	90,601,000	  	 	 	90,601,000	  	 	 	72,480,800	  	 	 	8,905,322	  	 	 	21.61	% 	 	 	15,662,901	  	 	 	14,096,610.95	  
										
	 86359AW74
	  	SAS03029	 	4A1	 	 	50,000,000	  	 	 	46,800,000	  	 	 	37,440,000	  	 	 	3,205,656	  	 	 	41.55	% 	 	 	15,555,280	  	 	 	13,999,752.30	  
										
	 86359AXF5
	  	SAS0317A	 	2A1	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	6,811,670	  	 	 	12.59	% 	 	 	10,075,377	  	 	 	9,067,839.05	  
										
	 86359B2R1
	  	SAS05001	 	1A1	 	 	47,000,000	  	 	 	47,000,000	  	 	 	37,600,000	  	 	 	9,407,428	  	 	 	57.82	% 	 	 	21,739,714	  	 	 	19,565,743.01	  
										
	 86359B2T7
	  	SAS05001	 	1A3	 	 	100,537,000	  	 	 	100,537,000	  	 	 	80,429,600	  	 	 	20,123,289	  	 	 	57.82	% 	 	 	46,503,099	  	 	 	41,852,789.46	  
										
	 86359B3G4
	  	SAS05001	 	7A3	 	 	45,074,000	  	 	 	45,074,000	  	 	 	36,059,200	  	 	 	10,017,832	  	 	 	54.41	% 	 	 	19,621,115	  	 	 	17,659,003.52	  
										
	 86359B5M9
	  	SAS05003	 	1A1	 	 	27,774,000	  	 	 	27,774,000	  	 	 	22,219,200	  	 	 	6,544,656	  	 	 	62.05	% 	 	 	13,786,627	  	 	 	12,407,964.53	  
										
	 86359B5P2
	  	SAS05003	 	1A3	 	 	125,000,000	  	 	 	125,000,000	  	 	 	100,000,000	  	 	 	29,454,956	  	 	 	62.05	% 	 	 	62,048,261	  	 	 	55,843,435.17	  
										
	 86359BCM1
	  	SAS0337A	 	8A2	 	 	55,423,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	4,498,513	  	 	 	20.23	% 	 	 	8,090,672	  	 	 	7,281,605.23	  
										
	 86359BEJ6
	  	SAS0340A	 	3A1	 	 	297,000,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	16,838,088	  	 	 	19.50	% 	 	 	23,394,681	  	 	 	21,055,212.79	  
										
	 86359BGJ4
	  	SAR04001	 	4A4	 	 	138,779,000	  	 	 	38,779,000	  	 	 	31,023,200	  	 	 	4,117,047	  	 	 	19.06	% 	 	 	5,911,745	  	 	 	5,320,570.78	  

  
 94 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 86359BHM6
	  	SAS044XS	 	1A6	 	 	24,224,000	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	3,844,395	  	 	 	92.58	% 	 	 	11,110,068	  	 	 	9,999,061.20	  
										
	 86359BJ93
	  	SAS04020	 	8A3	 	 	64,109,000	  	 	 	62,109,000	  	 	 	49,687,200	  	 	 	8,749,153	  	 	 	46.58	% 	 	 	23,142,121	  	 	 	20,827,909.18	  
										
	 86359BR37
	  	SAS04022	 	A2	 	 	244,696,000	  	 	 	175,000,000	  	 	 	140,000,000	  	 	 	58,461,406	  	 	 	83.30	% 	 	 	116,613,311	  	 	 	104,951,979.59	  
										
	 86359BTA9
	  	SAR04006	 	1A	 	 	285,873,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	1,681,477	  	 	 	8.68	% 	 	 	2,083,983	  	 	 	1,875,584.29	  
										
	 86359BTC5
	  	SAR04006	 	3A1	 	 	400,000,000	  	 	 	300,000,000	  	 	 	240,000,000	  	 	 	57,372,775	  	 	 	34.91	% 	 	 	83,772,007	  	 	 	75,394,806.26	  
										
	 86359BYL9
	  	SAR04010	 	B1	 	 	62,097,000	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	6,735,099	  	 	 	63.91	% 	 	 	7,668,810	  	 	 	6,901,928.78	  
										
	 86359BZW4
	  	SAS04015	 	3A5	 	 	21,428,000	  	 	 	21,428,000	  	 	 	17,142,400	  	 	 	3,100,536	  	 	 	58.86	% 	 	 	10,089,529	  	 	 	9,080,576.25	  
										
	 86359DFN2
	  	SAS05010	 	1A2	 	 	10,859,000	  	 	 	10,859,000	  	 	 	8,687,200	  	 	 	4,111,329	  	 	 	71.60	% 	 	 	6,220,358	  	 	 	5,598,322.56	  
										
	 86359DFV4
	  	SAS05010	 	3A3	 	 	27,637,067	  	 	 	27,637,067	  	 	 	22,109,654	  	 	 	193,385	  	 	 	76.43	% 	 	 	16,897,411	  	 	 	15,207,670.07	  
										
	 86359DJL2
	  	SAS05014	 	1A1	 	 	198,606,000	  	 	 	17,606,000	  	 	 	14,084,800	  	 	 	3,747,125	  	 	 	72.17	% 	 	 	10,164,874	  	 	 	9,148,386.25	  
										
	 86359DMZ7
	  	LXS05002	 	2A4	 	 	34,924,000	  	 	 	34,924,000	  	 	 	27,939,200	  	 	 	19,241,269	  	 	 	97.80	% 	 	 	27,324,157	  	 	 	24,591,741.11	  
										
	 86359DNQ6
	  	SAS05015	 	2A6	 	 	75,000,000	  	 	 	75,000,000	  	 	 	60,000,000	  	 	 	10,328,020	  	 	 	62.26	% 	 	 	37,357,037	  	 	 	33,621,332.96	  
										
	 86359DQK6
	  	SAS05016	 	1A1	 	 	107,838,000	  	 	 	107,838,000	  	 	 	86,270,400	  	 	 	—   	  	 	 	62.70	% 	 	 	54,093,314	  	 	 	48,683,982.37	  
										
	 86359DSS7
	  	SAS05017	 	5A2	 	 	7,525,000	  	 	 	7,525,000	  	 	 	6,020,000	  	 	 	3,056,390	  	 	 	77.86	% 	 	 	4,687,190	  	 	 	4,218,471.36	  
										
	 86359DUS4
	  	LXS0505N	 	3A1B	 	 	100,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	10,069,797	  	 	 	43.27	% 	 	 	17,308,002	  	 	 	15,577,202.16	  
										
	 86359DUT2
	  	LXS0505N	 	3A2	 	 	330,211,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	6,041,878	  	 	 	43.27	% 	 	 	10,384,801	  	 	 	9,346,320.71	  
										
	 86359LAA7
	  	SAMI03A4	 	A1	 	 	374,175,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	703,137	  	 	 	11.53	% 	 	 	922,342	  	 	 	830,107.44	  
										
	 86359LBL2
	  	SAMI04A2	 	1A	 	 	421,746,500	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	1,098,047	  	 	 	7.09	% 	 	 	1,417,606	  	 	 	1,275,845.76	  

  
 95 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 86359LEA3
	  	SAMI04A5	 	IIA2	 	 	106,746,100	  	 	 	106,746,100	  	 	 	85,396,880	  	 	 	9,297,561	  	 	 	14.26	% 	 	 	12,173,368	  	 	 	10,956,030.84	  
										
	 86359LEV7
	  	SAMI04A6	 	A1A	 	 	510,000,000	  	 	 	200,000,000	  	 	 	160,000,000	  	 	 	6,476,438	  	 	 	5.43	% 	 	 	8,689,256	  	 	 	7,820,330.11	  
										
	 86359LFN4
	  	SAMI04A7	 	A1A	 	 	772,780,800	  	 	 	70,000,000	  	 	 	56,000,000	  	 	 	2,932,777	  	 	 	7.19	% 	 	 	4,028,011	  	 	 	3,625,209.91	  
										
	 86359LJC4
	  	SAMI05A2	 	IIA3	 	 	57,269,500	  	 	 	57,269,500	  	 	 	45,815,600	  	 	 	9,974,965	  	 	 	30.25	% 	 	 	13,857,756	  	 	 	12,471,980.08	  
										
	 86359LKB4
	  	SAMI05A3	 	IA3	 	 	53,161,000	  	 	 	43,161,000	  	 	 	34,528,800	  	 	 	7,856,102	  	 	 	33.42	% 	 	 	11,539,029	  	 	 	10,385,126.52	  
										
	 86359LMB2
	  	SAMI05A4	 	A3	 	 	115,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	13,434,389	  	 	 	24.98	% 	 	 	19,984,035	  	 	 	17,985,631.18	  
										
	 86359LQC6
	  	SAMI05A7	 	2A2	 	 	15,498,000	  	 	 	15,498,000	  	 	 	12,398,400	  	 	 	2,743,854	  	 	 	32.60	% 	 	 	4,041,802	  	 	 	3,637,621.37	  
										
	 86359LQH5
	  	SAMI05A7	 	3A2	 	 	19,082,000	  	 	 	19,082,000	  	 	 	15,265,600	  	 	 	2,012,075	  	 	 	25.08	% 	 	 	3,828,582	  	 	 	3,445,723.58	  
										
	 86359LQN2
	  	SAMI05A7	 	4A2	 	 	16,840,000	  	 	 	16,840,000	  	 	 	13,472,000	  	 	 	6,122,754	  	 	 	62.77	% 	 	 	8,455,776	  	 	 	7,610,198.01	  
										
	 86359LSN0
	  	SAMI06A2	 	A2	 	 	207,713,000	  	 	 	79,000,000	  	 	 	63,200,000	  	 	 	23,358,544	  	 	 	54.03	% 	 	 	34,148,524	  	 	 	30,733,671.21	  
										
	 86359LTE9
	  	SAMI06A1	 	2A2	 	 	174,283,000	  	 	 	38,720,000	  	 	 	30,976,000	  	 	 	6,969,277	  	 	 	36.37	% 	 	 	11,266,270	  	 	 	10,139,643.30	  
										
	 86359LTH2
	  	SAMI06A1	 	3A2A	 	 	132,067,000	  	 	 	82,635,000	  	 	 	66,108,000	  	 	 	32,241,787	  	 	 	69.07	% 	 	 	45,660,191	  	 	 	41,094,172.12	  
										
	 86360BAM0
	  	SAR06004	 	7A1	 	 	314,399,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	26,128,056	  	 	 	78.46	% 	 	 	94,147,003	  	 	 	84,732,302.66	  
										
	 86360DAA2
	  	SASC0611	 	A1	 	 	184,082,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	1,270,744	  	 	 	38.94	% 	 	 	3,114,818	  	 	 	2,803,336.56	  
										
	 86361XAB5
	  	SAMI06A8	 	A4B_GT	 	 	48,770,000	  	 	 	48,770,000	  	 	 	39,016,000	  	 	 	20,479,748	  	 	 	76.07	% 	 	 	29,678,147	  	 	 	26,710,332.65	  
										
	 86362NAC4
	  	SAR07008	 	1A3	 	 	85,898,000	  	 	 	85,898,000	  	 	 	68,718,400	  	 	 	25,826,968	  	 	 	82.58	% 	 	 	56,750,449	  	 	 	51,075,404.24	  
										
	 86362TAD9
	  	SAR07001	 	2A1	 	 	48,976,000	  	 	 	48,976,000	  	 	 	39,180,800	  	 	 	11,735,772	  	 	 	76.60	% 	 	 	30,011,714	  	 	 	27,010,542.57	  

  
 96 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 86362XAQ1
	  	SAMI07A1	 	IIA2	 	 	62,171,000	  	 	 	17,171,000	  	 	 	13,736,800	  	 	 	8,285,107	  	 	 	86.36	% 	 	 	11,863,487	  	 	 	10,677,138.70	  
										
	 86363DAA9
	  	SAMI07A2	 	IA1	 	 	157,325,000	  	 	 	14,143,713	  	 	 	11,314,970	  	 	 	6,729,666	  	 	 	86.48	% 	 	 	9,785,281	  	 	 	8,806,752.49	  
										
	 86363DAB7
	  	SAMI07A2	 	IA2	 	 	78,663,000	  	 	 	39,000,000	  	 	 	31,200,000	  	 	 	18,556,441	  	 	 	86.48	% 	 	 	26,982,020	  	 	 	24,283,817.63	  
										
	 86363GAF1
	  	SAR07003	 	3A1	 	 	201,460,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	38,299,467	  	 	 	77.70	% 	 	 	62,163,682	  	 	 	55,947,313.44	  
										
	 86363LAL7
	  	SAR07004	 	1A3	 	 	100,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	12,742,852	  	 	 	77.79	% 	 	 	31,117,288	  	 	 	28,005,558.84	  
										
	 86363NAZ2
	  	SAMI07A3	 	IIA2	 	 	207,167,000	  	 	 	167,532,000	  	 	 	134,025,600	  	 	 	81,187,708	  	 	 	88.86	% 	 	 	119,092,555	  	 	 	107,183,299.29	  
										
	 86364CAD4
	  	SAR07006	 	2A2	 	 	70,162,000	  	 	 	70,162,000	  	 	 	56,129,600	  	 	 	19,969,481	  	 	 	81.63	% 	 	 	45,821,396	  	 	 	41,239,256.03	  
										
	 86364JAA5
	  	SAR07009	 	1A1	 	 	155,395,000	  	 	 	78,395,000	  	 	 	62,716,000	  	 	 	28,684,485	  	 	 	84.38	% 	 	 	52,919,200	  	 	 	47,627,280.11	  
										
	 86364YAA2
	  	SAR07011	 	1A1	 	 	131,272,000	  	 	 	106,272,000	  	 	 	85,017,600	  	 	 	45,053,802	  	 	 	84.99	% 	 	 	72,256,984	  	 	 	65,031,286.05	  
										
	 872227AA1
	  	TBW07002	 	A1A	 	 	232,240,000	  	 	 	122,240,000	  	 	 	97,792,000	  	 	 	29,898,182	  	 	 	58.45	% 	 	 	57,155,565	  	 	 	51,440,008.61	  
										
	 9292273A2
	  	WMS03S05	 	IA22	 	 	69,894,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	—   	  	 	 	98.50	% 	 	 	39,399,068	  	 	 	35,459,160.88	  
										
	 9292274D5
	  	WMS03AR6	 	A1	 	 	1,312,286,100	  	 	 	495,286,100	  	 	 	396,228,880	  	 	 	29,197,483	  	 	 	13.60	% 	 	 	53,871,750	  	 	 	48,484,575.39	  
										
	 9292276K7
	  	WMS03AR7	 	A7	 	 	502,000,000	  	 	 	70,000,000	  	 	 	56,000,000	  	 	 	4,829,958	  	 	 	17.02	% 	 	 	9,531,814	  	 	 	8,578,632.69	  
										
	 929227C53
	  	WMS02S08	 	IIA7	 	 	469,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	2,405,902	  	 	 	13.75	% 	 	 	10,998,977	  	 	 	9,899,079.05	  
										
	 929227R65
	  	WMS03AR5	 	A7	 	 	728,025,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	5,800,413	  	 	 	11.75	% 	 	 	9,398,983	  	 	 	8,459,085.02	  
										
	 929227WQ5
	  	WMS02A16	 	A	 	 	1,001,859,000	  	 	 	501,859,000	  	 	 	401,487,200	  	 	 	3,317,227	  	 	 	1.69	% 	 	 	6,773,658	  	 	 	6,096,291.81	  
										
	 929227X68
	  	WMS03S03	 	IA39	 	 	32,551,000	  	 	 	32,551,000	  	 	 	26,040,800	  	 	 	—   	  	 	 	54.58	% 	 	 	14,214,237	  	 	 	12,792,813.55	  

  
 97 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 92922F2K3
	  	WMS05A11	 	A1B3	 	 	445,107,000	  	 	 	82,000,000	  	 	 	65,600,000	  	 	 	12,889,612	  	 	 	29.04	% 	 	 	19,052,146	  	 	 	17,146,931.70	  
										
	 92922F3F3
	  	WMS05A12	 	1A1	 	 	336,316,000	  	 	 	108,316,000	  	 	 	86,652,800	  	 	 	7,386,436	  	 	 	58.91	% 	 	 	51,049,606	  	 	 	45,944,645.02	  
										
	 92922F4M7
	  	WMS05A13	 	A1A1	 	 	1,937,535,000	  	 	 	35,000,000	  	 	 	28,000,000	  	 	 	6,451,670	  	 	 	33.83	% 	 	 	9,471,261	  	 	 	8,524,134.71	  
										
	 92922F4S4
	  	WMS05A13	 	A1B3	 	 	500,000,000	  	 	 	115,000,000	  	 	 	92,000,000	  	 	 	21,198,344	  	 	 	33.83	% 	 	 	31,119,869	  	 	 	28,007,882.21	  
										
	 92922F5X2
	  	WMS05A15	 	A1B3	 	 	80,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	11,715,114	  	 	 	42.50	% 	 	 	16,998,675	  	 	 	15,298,807.68	  
										
	 92922F6W3
	  	WMS05A16	 	1A1	 	 	474,355,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	5,739,603	  	 	 	57.62	% 	 	 	46,095,470	  	 	 	41,485,923.14	  
										
	 92922F7D4
	  	WMS05A16	 	2A2	 	 	61,301,000	  	 	 	61,301,000	  	 	 	49,040,800	  	 	 	7,554,622	  	 	 	69.29	% 	 	 	33,979,266	  	 	 	30,581,339.77	  
										
	 92922F7T9
	  	WMS05A17	 	A1B3	 	 	65,000,000	  	 	 	40,000,000	  	 	 	32,000,000	  	 	 	8,535,089	  	 	 	41.85	% 	 	 	13,391,923	  	 	 	12,052,730.88	  
										
	 92922F8K7
	  	WMS05A18	 	1A1	 	 	458,257,000	  	 	 	198,000,000	  	 	 	158,400,000	  	 	 	10,909,261	  	 	 	54.28	% 	 	 	85,987,267	  	 	 	77,388,540.61	  
										
	 92922FAS7
	  	WMS03AR8	 	A	 	 	1,214,965,000	  	 	 	325,000,000	  	 	 	260,000,000	  	 	 	30,926,176	  	 	 	22.35	% 	 	 	58,098,030	  	 	 	52,288,227.11	  
										
	 92922FB72
	  	WMS04A13	 	A2A	 	 	380,200,000	  	 	 	36,000,000	  	 	 	28,800,000	  	 	 	3,376,847	  	 	 	18.16	% 	 	 	5,230,056	  	 	 	4,707,050.85	  
										
	 92922FD21
	  	WMS05AR2	 	2A1A	 	 	609,705,000	  	 	 	2,046,000	  	 	 	1,636,800	  	 	 	220,901	  	 	 	21.63	% 	 	 	354,056	  	 	 	318,650.40	  
										
	 92922FD39
	  	WMS05AR2	 	2A1B	 	 	406,478,000	  	 	 	92,478,000	  	 	 	73,982,400	  	 	 	9,984,579	  	 	 	21.63	% 	 	 	16,003,111	  	 	 	14,402,800.27	  
										
	 92922FD70
	  	WMS05AR2	 	2A2B	 	 	211,456,000	  	 	 	94,000,000	  	 	 	75,200,000	  	 	 	10,148,905	  	 	 	21.63	% 	 	 	16,266,490	  	 	 	14,639,841.11	  
										
	 92922FD96
	  	WMS05AR2	 	B1	 	 	137,230,000	  	 	 	11,230,000	  	 	 	8,984,000	  	 	 	6,137,236	  	 	 	75.24	% 	 	 	6,759,963	  	 	 	6,083,966.48	  
										
	 92922FGS1
	  	WMS03S11	 	2A4	 	 	98,829,134	  	 	 	73,829,134	  	 	 	59,063,307	  	 	 	2,904,431	  	 	 	52.87	% 	 	 	31,226,854	  	 	 	28,104,168.36	  

  
 98 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 92922FJ58
	  	WMS05AR6	 	2A1C	 	 	397,282,000	  	 	 	271,282,000	  	 	 	217,025,600	  	 	 	33,719,858	  	 	 	23.59	% 	 	 	51,188,910	  	 	 	46,070,018.84	  
										
	 92922FLD8
	  	WMS04AR1	 	A	 	 	532,631,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	5,421,758	  	 	 	28.88	% 	 	 	11,551,676	  	 	 	10,396,508.69	  
										
	 92922FNH7
	  	WMS04AR3	 	A1	 	 	676,489,100	  	 	 	205,000,000	  	 	 	164,000,000	  	 	 	37,881,522	  	 	 	46.74	% 	 	 	76,651,793	  	 	 	68,986,613.60	  
										
	 92922FNJ3
	  	WMS04AR3	 	A2	 	 	484,834,000	  	 	 	170,634,000	  	 	 	136,507,200	  	 	 	31,531,101	  	 	 	46.74	% 	 	 	63,801,961	  	 	 	57,421,765.00	  
										
	 92922FNW4
	  	WMS04AR2	 	A	 	 	574,152,300	  	 	 	84,612,000	  	 	 	67,689,600	  	 	 	4,435,733	  	 	 	10.56	% 	 	 	7,149,508	  	 	 	6,434,557.22	  
										
	 92922FQ27
	  	WMS05AR7	 	A1	 	 	417,177,000	  	 	 	200,000,000	  	 	 	160,000,000	  	 	 	—   	  	 	 	40.78	% 	 	 	65,248,578	  	 	 	58,723,720.42	  
										
	 92922FS25
	  	WMS05AR8	 	2A1B3	 	 	504,348,000	  	 	 	164,348,000	  	 	 	131,478,400	  	 	 	21,506,966	  	 	 	24.97	% 	 	 	32,825,319	  	 	 	29,542,786.98	  
										
	 92922FSL3
	  	WMS04AR6	 	A	 	 	656,738,000	  	 	 	125,000,000	  	 	 	100,000,000	  	 	 	7,314,786	  	 	 	13.64	% 	 	 	13,639,339	  	 	 	12,275,405.46	  
										
	 92922FTJ7
	  	WMS04AR8	 	A1	 	 	578,995,000	  	 	 	95,000,000	  	 	 	76,000,000	  	 	 	8,054,707	  	 	 	15.32	% 	 	 	11,644,378	  	 	 	10,479,940.06	  
										
	 92922FU55
	  	WMS05AR9	 	A1B	 	 	298,877,000	  	 	 	163,877,000	  	 	 	131,101,600	  	 	 	18,684,518	  	 	 	23.76	% 	 	 	31,143,349	  	 	 	28,029,014.30	  
										
	 92922FUP1
	  	WMS04AR8	 	A3	 	 	14,000,000	  	 	 	14,000,000	  	 	 	11,200,000	  	 	 	1,187,009	  	 	 	15.32	% 	 	 	1,716,014	  	 	 	1,544,412.35	  
										
	 92922FUX4
	  	WMS04S03	 	2A2	 	 	34,848,734	  	 	 	34,848,734	  	 	 	27,878,987	  	 	 	—   	  	 	 	90.54	% 	 	 	25,241,028	  	 	 	22,716,925.45	  
										
	 92922FVE5
	  	WMS04S03	 	3A1	 	 	66,552,000	  	 	 	21,852,000	  	 	 	17,481,600	  	 	 	1,039,768	  	 	 	43.98	% 	 	 	7,688,560	  	 	 	6,919,703.70	  
										
	 92922FW20
	  	WMS05A10	 	1A1	 	 	418,500,000	  	 	 	200,000,000	  	 	 	160,000,000	  	 	 	2,877,371	  	 	 	49.43	% 	 	 	79,091,937	  	 	 	71,182,742.98	  
										
	 92922FWU8
	  	WMS04A10	 	A1B	 	 	326,500,000	  	 	 	25,000,000	  	 	 	20,000,000	  	 	 	2,141,465	  	 	 	16.72	% 	 	 	3,344,701	  	 	 	3,010,230.72	  
										
	 92922FXJ2
	  	WMS04A10	 	A1A	 	 	520,875,000	  	 	 	191,750,000	  	 	 	153,400,000	  	 	 	16,425,033	  	 	 	16.72	% 	 	 	25,653,856	  	 	 	23,088,470.31	  
										
	 92922FXM5
	  	WMS04CB3	 	IIA	 	 	108,400,648	  	 	 	39,400,000	  	 	 	31,520,000	  	 	 	10,160,679	  	 	 	48.38	% 	 	 	15,250,210	  	 	 	13,725,188.65	  
										
	 92922FZE1
	  	WMS04A12	 	A1	 	 	200,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	8,433,039	  	 	 	16.25	% 	 	 	13,001,719	  	 	 	11,701,546.78	  

  
 99 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 92922FZF8
	  	WMS04A12	 	A2A	 	 	850,000,000	  	 	 	155,750,000	  	 	 	124,600,000	  	 	 	13,134,459	  	 	 	16.25	% 	 	 	20,250,178	  	 	 	18,225,160.23	  
										
	 92922FZK7
	  	WMS04A12	 	A5	 	 	146,509,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	13,872,188	  	 	 	53.47	% 	 	 	21,387,578	  	 	 	19,248,820.42	  
										
	 92922FZV3
	  	WMS04A12	 	A2B	 	 	150,000,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	843,304	  	 	 	16.25	% 	 	 	1,300,172	  	 	 	1,170,154.68	  
										
	 92925CBE1
	  	WMS05A19	 	A1B3	 	 	175,000,000	  	 	 	139,000,000	  	 	 	111,200,000	  	 	 	24,135,792	  	 	 	32.86	% 	 	 	36,545,828	  	 	 	32,891,244.96	  
										
	 92925CDC3
	  	WMS06AR3	 	A1C	 	 	181,486,000	  	 	 	15,000,000	  	 	 	12,000,000	  	 	 	3,463,330	  	 	 	43.48	% 	 	 	5,217,159	  	 	 	4,695,443.28	  
										
	 92925DAA8
	  	WMS06A17	 	1A	 	 	496,869,000	  	 	 	157,000,000	  	 	 	125,600,000	  	 	 	64,146,433	  	 	 	70.54	% 	 	 	88,596,302	  	 	 	79,736,671.36	  
										
	 92925DAC4
	  	WMS06A17	 	1A1B	 	 	57,000,000	  	 	 	37,000,000	  	 	 	29,600,000	  	 	 	15,117,312	  	 	 	70.54	% 	 	 	20,879,383	  	 	 	18,791,444.81	  
										
	 92925GAE3
	  	WMS06A16	 	2A3	 	 	100,000,000	  	 	 	75,000,000	  	 	 	60,000,000	  	 	 	25,493,019	  	 	 	73.11	% 	 	 	43,866,473	  	 	 	39,479,825.95	  
										
	 92925VAC4
	  	WMS07HY1	 	2A1	 	 	258,607,000	  	 	 	258,607,000	  	 	 	206,885,600	  	 	 	74,360,803	  	 	 	70.73	% 	 	 	146,339,677	  	 	 	131,705,708.93	  
										
	 92925VAH3
	  	WMS07HY1	 	3A1	 	 	175,621,000	  	 	 	100,621,000	  	 	 	80,496,800	  	 	 	14,013,092	  	 	 	81.28	% 	 	 	65,427,120	  	 	 	58,884,408.04	  
										
	 92925VAP5
	  	WMS07HY1	 	5A1	 	 	519,145,000	  	 	 	169,145,000	  	 	 	135,316,000	  	 	 	79,108,829	  	 	 	85.53	% 	 	 	115,737,880	  	 	 	104,164,092.16	  
										
	 92926UAF8
	  	WMS07HY2	 	3A1	 	 	189,678,000	  	 	 	121,250,000	  	 	 	97,000,000	  	 	 	52,434,813	  	 	 	81.08	% 	 	 	78,645,891	  	 	 	70,781,301.95	  
										
	 92926WAA5
	  	WMS07OA1	 	A1A	 	 	807,437,000	  	 	 	245,000,000	  	 	 	196,000,000	  	 	 	103,967,045	  	 	 	73.51	% 	 	 	144,073,594	  	 	 	129,666,234.57	  
										
	 92927BAD4
	  	WMS07OA6	 	CA1B	 	 	127,434,000	  	 	 	35,000,000	  	 	 	28,000,000	  	 	 	17,904,604	  	 	 	90.06	% 	 	 	25,217,548	  	 	 	22,695,792.99	  
										
	 92927XAH7
	  	WMS07HY6	 	3A2	 	 	440,348,000	  	 	 	180,000,000	  	 	 	144,000,000	  	 	 	73,630,744	  	 	 	91.24	% 	 	 	131,382,893	  	 	 	118,244,603.52	  
										
	 92990GAC7
	  	WMS07HY5	 	2A1	 	 	162,870,000	  	 	 	62,870,000	  	 	 	50,296,000	  	 	 	26,411,716	  	 	 	83.00	% 	 	 	41,744,517	  	 	 	37,570,065.58	  
										
	 93362FAF0
	  	WMS06AR8	 	2A1	 	 	214,870,000	  	 	 	94,870,000	  	 	 	75,896,000	  	 	 	10,850,663	  	 	 	45.56	% 	 	 	34,576,958	  	 	 	31,119,262.09	  

  
 100 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 93362FAJ2
	  	WMS06AR8	 	3A1	 	 	170,246,000	  	 	 	45,246,000	  	 	 	36,196,800	  	 	 	2,010,356	  	 	 	55.56	% 	 	 	20,110,922	  	 	 	18,099,829.82	  
										
	 93362YAA0
	  	WMS06AR5	 	A1A	 	 	317,069,000	  	 	 	40,000,000	  	 	 	32,000,000	  	 	 	12,662,726	  	 	 	55.83	% 	 	 	17,866,651	  	 	 	16,079,986.08	  
										
	 93362YAC6
	  	WMS06AR5	 	A1A2B	 	 	45,013,000	  	 	 	45,013,000	  	 	 	36,010,400	  	 	 	14,249,593	  	 	 	55.83	% 	 	 	20,105,904	  	 	 	18,095,313.20	  
										
	 933634AA5
	  	WMS07HY3	 	1A1	 	 	575,124,000	  	 	 	54,700,000	  	 	 	43,760,000	  	 	 	19,680,026	  	 	 	75.55	% 	 	 	33,061,058	  	 	 	29,754,952.36	  
										
	 933634AE7
	  	WMS07HY3	 	3A1	 	 	175,000,000	  	 	 	175,000,000	  	 	 	140,000,000	  	 	 	59,455,010	  	 	 	81.93	% 	 	 	114,697,937	  	 	 	103,228,143.61	  
										
	 933635AA2
	  	WMS07OA2	 	1A	 	 	637,887,000	  	 	 	26,000,000	  	 	 	20,800,000	  	 	 	11,134,690	  	 	 	77.27	% 	 	 	16,072,718	  	 	 	14,465,446.56	  
										
	 933635AC8
	  	WMS07OA2	 	CA1B	 	 	91,785,000	  	 	 	36,785,000	  	 	 	29,428,000	  	 	 	13,146,813	  	 	 	78.16	% 	 	 	23,000,264	  	 	 	20,700,237.86	  
										
	 933636AC6
	  	WMS07HY4	 	2A1	 	 	170,000,000	  	 	 	60,000,000	  	 	 	48,000,000	  	 	 	22,669,579	  	 	 	81.48	% 	 	 	39,108,908	  	 	 	35,198,017.39	  
										
	 933636AD4
	  	WMS07HY4	 	2A2	 	 	126,551,000	  	 	 	26,551,000	  	 	 	21,240,800	  	 	 	7,656,912	  	 	 	75.30	% 	 	 	15,994,008	  	 	 	14,394,607.61	  
										
	 933637AE0
	  	WMS06A18	 	2A3	 	 	100,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	17,425,599	  	 	 	74.34	% 	 	 	29,734,120	  	 	 	26,760,707.71	  
										
	 933637AG5
	  	WMS06A18	 	3A1	 	 	227,347,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	22,390,481	  	 	 	74.77	% 	 	 	89,719,797	  	 	 	80,747,817.41	  
										
	 933638AA6
	  	WMS06A19	 	1A	 	 	585,385,000	  	 	 	181,000,000	  	 	 	144,800,000	  	 	 	75,791,330	  	 	 	73.40	% 	 	 	106,286,879	  	 	 	95,658,191.17	  
										
	 933638AC2
	  	WMS06A19	 	1A1B	 	 	20,000,000	  	 	 	19,800,000	  	 	 	15,840,000	  	 	 	8,290,985	  	 	 	73.40	% 	 	 	11,626,962	  	 	 	10,464,266.16	  
										
	 933638AE8
	  	WMS06A19	 	2A1B	 	 	55,367,000	  	 	 	10,367,000	  	 	 	8,293,600	  	 	 	4,575,245	  	 	 	80.04	% 	 	 	6,637,828	  	 	 	5,974,045.20	  
										
	 933638AF5
	  	WMS06A19	 	CA1C	 	 	224,000,000	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	1,552,646	  	 	 	75.06	% 	 	 	6,004,863	  	 	 	5,404,376.88	  
										
	 93363BAE1
	  	WMS06AR6	 	2A1	 	 	173,642,000	  	 	 	160,000,000	  	 	 	128,000,000	  	 	 	1,386,823	  	 	 	61.60	% 	 	 	78,852,543	  	 	 	70,967,289.14	  
										
	 93363CAD1
	  	WMS06AR7	 	3A1B	 	 	65,485,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	6,949,792	  	 	 	61.80	% 	 	 	9,887,200	  	 	 	8,898,480.00	  
										
	 93363DAA5
	  	WMS06AR9	 	1A	 	 	578,567,000	  	 	 	110,000,000	  	 	 	88,000,000	  	 	 	36,924,889	  	 	 	61.78	% 	 	 	54,362,672	  	 	 	48,926,405.25	  

  
 101 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 93363EAH8
	  	WMS06A10	 	3A1	 	 	106,556,000	  	 	 	86,556,000	  	 	 	69,244,800	  	 	 	—  	  	 	 	57.26	% 	 	 	39,646,975	  	 	 	35,682,277.66	  
										
	 93363NAK1
	  	WMS06A12	 	3A1	 	 	132,694,000	  	 	 	112,694,000	  	 	 	90,155,200	  	 	 	318,353	  	 	 	62.95	% 	 	 	56,748,755	  	 	 	51,073,879.83	  
										
	 93363PAH3
	  	WMS06A14	 	2A1	 	 	172,000,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	9,642,263	  	 	 	69.36	% 	 	 	16,647,217	  	 	 	14,982,495.61	  
										
	 93363QAA6
	  	WMS06A15	 	1A	 	 	491,091,000	  	 	 	22,180,000	  	 	 	17,744,000	  	 	 	8,738,528	  	 	 	70.07	% 	 	 	12,433,852	  	 	 	11,190,466.81	  
										
	 93363QAB4
	  	WMS06A15	 	1A1B	 	 	61,387,000	  	 	 	41,387,000	  	 	 	33,109,600	  	 	 	16,305,747	  	 	 	70.07	% 	 	 	23,201,074	  	 	 	20,880,966.15	  
										
	 93363RAA4
	  	WMS06A13	 	1A	 	 	789,552,000	  	 	 	189,000,000	  	 	 	151,200,000	  	 	 	72,848,856	  	 	 	68.75	% 	 	 	103,954,701	  	 	 	93,559,230.46	  
										
	 93363RAC0
	  	WMS06A13	 	2A1B	 	 	77,779,000	  	 	 	27,779,000	  	 	 	22,223,200	  	 	 	10,354,062	  	 	 	70.92	% 	 	 	15,760,206	  	 	 	14,184,185.76	  
										
	 93363TAA0
	  	WMS06A11	 	1A	 	 	546,992,000	  	 	 	19,000,000	  	 	 	15,200,000	  	 	 	6,834,356	  	 	 	64.66	% 	 	 	9,828,460	  	 	 	8,845,613.61	  
										
	 93363TAD4
	  	WMS06A11	 	3A1A	 	 	426,755,000	  	 	 	51,755,000	  	 	 	41,404,000	  	 	 	22,377,236	  	 	 	71.79	% 	 	 	29,725,096	  	 	 	26,752,585.96	  
										
	 93363TAE2
	  	WMS06A11	 	3A1B	 	 	53,345,000	  	 	 	53,345,000	  	 	 	42,676,000	  	 	 	9,161,024	  	 	 	71.79	% 	 	 	30,638,300	  	 	 	27,574,470.06	  
										
	 93364AAB8
	  	WMS07OA3	 	2A	 	 	408,000,000	  	 	 	49,000,000	  	 	 	39,200,000	  	 	 	21,597,692	  	 	 	79.10	% 	 	 	31,006,538	  	 	 	27,905,884.44	  
										
	 93364AAD4
	  	WMS07OA3	 	2A1B	 	 	55,817,000	  	 	 	35,817,000	  	 	 	28,653,600	  	 	 	15,786,900	  	 	 	79.10	% 	 	 	22,664,514	  	 	 	20,398,062.51	  
										
	 93364AAE2
	  	WMS07OA3	 	CA1B	 	 	96,121,000	  	 	 	96,121,000	  	 	 	76,896,800	  	 	 	43,929,289	  	 	 	80.22	% 	 	 	61,687,826	  	 	 	55,519,043.34	  
										
	 93364BAA8
	  	WMS07OA5	 	1A	 	 	658,534,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	26,423,825	  	 	 	89.25	% 	 	 	35,700,147	  	 	 	32,130,132.48	  
										
	 93364CAA6
	  	WMS07OA4	 	1A	 	 	750,761,000	  	 	 	200,000,000	  	 	 	160,000,000	  	 	 	105,841,193	  	 	 	88.91	% 	 	 	142,259,562	  	 	 	128,033,606.02	  
										
	 93364FAD3
	  	WMS07HY7	 	2A2	 	 	150,000,000	  	 	 	51,250,000	  	 	 	41,000,000	  	 	 	16,874,256	  	 	 	75.18	% 	 	 	30,824,079	  	 	 	27,741,670.85	  
										
	 93364FAG6
	  	WMS07HY7	 	3A1	 	 	793,429,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	21,843,329	  	 	 	87.39	% 	 	 	34,957,141	  	 	 	31,461,426.90	  

  
 102 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 93364FAH4
	  	WMS07HY7	 	3A2	 	 	250,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	45,915,392	  	 	 	87.39	% 	 	 	69,914,282	  	 	 	62,922,853.80	  
										
	 9393366D0
	  	WAL05004	 	CB9	 	 	30,000,000	  	 	 	30,000,000	  	 	 	24,000,000	  	 	 	5,712,632	  	 	 	45.09	% 	 	 	10,820,458	  	 	 	9,738,411.84	  
										
	 939336PC1
	  	WMS03AR1	 	A6	 	 	482,490,000	  	 	 	166,500,000	  	 	 	133,200,000	  	 	 	2,691,245	  	 	 	3.50	% 	 	 	4,655,461	  	 	 	4,189,914.85	  
										
	 939336S95
	  	WMSC04R3	 	IA	 	 	81,529,000	  	 	 	81,529,000	  	 	 	65,223,200	  	 	 	3,362,278	  	 	 	25.24	% 	 	 	16,462,325	  	 	 	14,816,092.72	  
										
	 939336UE1
	  	WMS03MS5	 	IA1	 	 	419,828,000	  	 	 	97,550,000	  	 	 	78,040,000	  	 	 	2,772,674	  	 	 	19.76	% 	 	 	15,419,605	  	 	 	13,877,644.47	  
										
	 939336UL5
	  	WMS03MS5	 	IIA	 	 	92,613,000	  	 	 	80,000,000	  	 	 	64,000,000	  	 	 	2,171,717	  	 	 	19.50	% 	 	 	12,480,275	  	 	 	11,232,247.91	  
										
	 939336X40
	  	WMS05AR1	 	A1A	 	 	716,000,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	2,235,102	  	 	 	20.75	% 	 	 	3,319,955	  	 	 	2,987,959.68	  
										
	 939336X57
	  	WMS05AR1	 	A1B	 	 	477,350,000	  	 	 	62,350,000	  	 	 	49,880,000	  	 	 	6,967,930	  	 	 	20.75	% 	 	 	10,349,963	  	 	 	9,314,966.73	  
										
	 939336X65
	  	WMS05AR1	 	A2A1	 	 	764,000,000	  	 	 	76,000,000	  	 	 	60,800,000	  	 	 	8,493,387	  	 	 	20.75	% 	 	 	12,615,833	  	 	 	11,354,249.74	  
										
	 939336X99
	  	WMS05AR1	 	A2B	 	 	225,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	11,175,509	  	 	 	20.75	% 	 	 	16,599,780	  	 	 	14,939,802.29	  
										
	 939336XQ1
	  	WMS03MS3	 	IIA1	 	 	125,395,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	1,372,576	  	 	 	15.76	% 	 	 	6,302,358	  	 	 	5,672,121.77	  
										
	 939344AB3
	  	WAL06004	 	1A2	 	 	3,471,900	  	 	 	3,471,900	  	 	 	2,777,520	  	 	 	163,513	  	 	 	82.38	% 	 	 	2,288,199	  	 	 	2,059,379.28	  
										
	 939344AD9
	  	WAL06004	 	2A2	 	 	1,645,800	  	 	 	1,645,800	  	 	 	1,316,640	  	 	 	—   	  	 	 	57.14	% 	 	 	752,357	  	 	 	677,121.12	  
										
	 939345AD6
	  	WAL06AR4	 	DA	 	 	313,222,000	  	 	 	53,222,000	  	 	 	42,577,600	  	 	 	18,859,724	  	 	 	65.18	% 	 	 	27,753,177	  	 	 	24,977,859.52	  
										
	 939346AB8
	  	WAL06AR9	 	2A	 	 	515,152,000	  	 	 	75,000,000	  	 	 	60,000,000	  	 	 	31,492,864	  	 	 	81.80	% 	 	 	49,080,267	  	 	 	44,172,240.46	  
										
	 939346AC6
	  	WAL06AR9	 	CA1B	 	 	98,163,000	  	 	 	68,163,000	  	 	 	54,530,400	  	 	 	—   	  	 	 	81.70	% 	 	 	44,549,677	  	 	 	40,094,709.35	  
										
	 93934FAA0
	  	WAL05005	 	CB1	 	 	200,834,000	  	 	 	25,750,000	  	 	 	20,600,000	  	 	 	4,652,580	  	 	 	51.17	% 	 	 	10,541,656	  	 	 	9,487,490.40	  
										
	 93934FBD3
	  	WAL05007	 	1A2	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	10,603,868	  	 	 	61.89	% 	 	 	24,754,618	  	 	 	22,279,156.56	  

  
 103 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 93934FBU5
	  	WAL05007	 	4CB	 	 	29,539,800	  	 	 	29,539,800	  	 	 	23,631,840	  	 	 	7,929,683	  	 	 	41.45	% 	 	 	9,795,216	  	 	 	8,815,694.40	  
										
	 93934FCF7
	  	WAL05008	 	1A2	 	 	144,250,000	  	 	 	56,650,000	  	 	 	45,320,000	  	 	 	24,370,250	  	 	 	73.65	% 	 	 	33,378,232	  	 	 	30,040,408.78	  
										
	 93934FGJ5
	  	WAL05010	 	3CB1	 	 	109,200,200	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	4,028,624	  	 	 	67.35	% 	 	 	5,388,398	  	 	 	4,849,558.56	  
										
	 93934FGN6
	  	WAL05010	 	4CB3	 	 	117,923,200	  	 	 	98,423,200	  	 	 	78,738,560	  	 	 	27,963,714	  	 	 	61.83	% 	 	 	48,681,080	  	 	 	43,812,971.98	  
										
	 93934FHD7
	  	WAL05AR1	 	A1B	 	 	80,373,000	  	 	 	51,373,000	  	 	 	41,098,400	  	 	 	13,947,324	  	 	 	56.81	% 	 	 	23,347,588	  	 	 	21,012,829.53	  
										
	 93934FJR4
	  	WAL06AR1	 	A1B	 	 	165,858,000	  	 	 	105,858,000	  	 	 	84,686,400	  	 	 	17,948,759	  	 	 	50.52	% 	 	 	42,786,890	  	 	 	38,508,200.70	  
										
	 93934FKK7
	  	WAL06001	 	2CB1	 	 	77,939,500	  	 	 	48,989,500	  	 	 	39,191,600	  	 	 	16,877,984	  	 	 	65.16	% 	 	 	25,536,736	  	 	 	22,983,062.41	  
										
	 93934FKP6
	  	WAL06001	 	3A2	 	 	87,437,500	  	 	 	10,000,000	  	 	 	8,000,000	  	 	 	2,806,448	  	 	 	67.90	% 	 	 	5,431,905	  	 	 	4,888,714.32	  
										
	 93934FKW1
	  	WAL06001	 	3A9	 	 	10,743,187	  	 	 	10,743,187	  	 	 	8,594,550	  	 	 	3,121,112	  	 	 	66.58	% 	 	 	5,721,830	  	 	 	5,149,647.36	  
										
	 93934FMP4
	  	WAL06AR2	 	A1B	 	 	167,977,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	3,378,302	  	 	 	62.37	% 	 	 	9,979,249	  	 	 	8,981,323.92	  
										
	 93934FPN6
	  	WMS06AR4	 	1A1A	 	 	443,914,000	  	 	 	36,300,000	  	 	 	29,040,000	  	 	 	8,486,025	  	 	 	44.81	% 	 	 	13,012,465	  	 	 	11,711,218.32	  
										
	 93934FPP1
	  	WMS06AR4	 	1A1B	 	 	147,972,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	4,675,496	  	 	 	44.81	% 	 	 	7,169,402	  	 	 	6,452,462.16	  
										
	 93934FPT3
	  	WMS06AR4	 	2A1A	 	 	85,926,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	4,840,876	  	 	 	44.51	% 	 	 	7,121,798	  	 	 	6,409,618.56	  
										
	 93934FQP0
	  	WAL06AR3	 	A1A	 	 	432,026,000	  	 	 	30,026,000	  	 	 	24,020,800	  	 	 	10,749,092	  	 	 	64.18	% 	 	 	15,417,272	  	 	 	13,875,544.53	  
										
	 93934FQQ8
	  	WAL06AR3	 	A1B	 	 	180,011,000	  	 	 	86,100,000	  	 	 	68,880,000	  	 	 	16,071,800	  	 	 	64.18	% 	 	 	44,208,908	  	 	 	39,788,017.26	  
										
	 93934NAA3
	  	WAL06005	 	1A1	 	 	110,000,000	  	 	 	56,000,000	  	 	 	44,800,000	  	 	 	13,684,373	  	 	 	55.86	% 	 	 	25,025,193	  	 	 	22,522,673.54	  
										
	 939355AB9
	  	WAL07OA3	 	2A	 	 	345,618,000	  	 	 	93,618,000	  	 	 	74,894,400	  	 	 	46,199,351	  	 	 	87.11	% 	 	 	65,239,736	  	 	 	58,715,762.68	  

  
 104 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 939355AF0
	  	WAL07OA3	 	CA1B	 	 	72,074,000	  	 	 	72,074,000	  	 	 	57,659,200	  	 	 	—	  	 	 	87.73	% 	 	 	50,585,064	  	 	 	45,526,557.41	  
										
	 939355AH6
	  	WAL07OA3	 	DA1B	 	 	135,709,000	  	 	 	135,709,000	  	 	 	108,567,200	  	 	 	38,596,847	  	 	 	86.55	% 	 	 	93,960,330	  	 	 	84,564,296.96	  
										
	 939355BR3
	  	WAL07OA3	 	4A2	 	 	50,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	25,387,239	  	 	 	86.73	% 	 	 	34,693,614	  	 	 	31,224,252.24	  
										
	 939355BS1
	  	WAL07OA3	 	4AB	 	 	161,924,000	  	 	 	86,924,000	  	 	 	69,539,200	  	 	 	44,137,466	  	 	 	86.74	% 	 	 	60,317,240	  	 	 	54,285,516.38	  
										
	 93935AAC6
	  	WAL06AR5	 	3A	 	 	205,204,000	  	 	 	175,204,000	  	 	 	140,163,200	  	 	 	73,528,531	  	 	 	77.56	% 	 	 	108,706,040	  	 	 	97,835,436.25	  
										
	 93935AAD4
	  	WAL06AR5	 	4A	 	 	437,705,000	  	 	 	120,000,000	  	 	 	96,000,000	  	 	 	36,027,857	  	 	 	59.32	% 	 	 	56,949,146	  	 	 	51,254,231.16	  
										
	 93935AAF9
	  	WAL06AR5	 	5A	 	 	87,037,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	6,656,553	  	 	 	77.67	% 	 	 	12,427,084	  	 	 	11,184,375.87	  
										
	 93935DAA4
	  	WAL06AR7	 	A1A	 	 	669,407,000	  	 	 	82,730,000	  	 	 	66,184,000	  	 	 	27,953,508	  	 	 	65.20	% 	 	 	43,153,537	  	 	 	38,838,183.26	  
										
	 93935DAB2
	  	WAL06AR7	 	A1B	 	 	83,677,000	  	 	 	63,677,000	  	 	 	50,941,600	  	 	 	—   	  	 	 	65.20	% 	 	 	33,215,132	  	 	 	29,893,618.70	  
										
	 93935EAC8
	  	WAL06008	 	A3A	 	 	40,000,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	14,948,149	  	 	 	100.00	% 	 	 	16,000,000	  	 	 	14,400,000.00	  
										
	 93935FAD3
	  	WAL06AR6	 	2A1B	 	 	157,529,000	  	 	 	107,529,000	  	 	 	86,023,200	  	 	 	22,331,148	  	 	 	78.95	% 	 	 	67,918,304	  	 	 	61,126,473.74	  
										
	 93935HAF4
	  	WAL06007	 	A3	 	 	83,031,521	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	13,525,440	  	 	 	100.00	% 	 	 	16,000,000	  	 	 	14,400,000.00	  
										
	 93935LAB4
	  	WAL06AR8	 	2A	 	 	374,380,000	  	 	 	124,380,000	  	 	 	99,504,000	  	 	 	46,721,871	  	 	 	74.08	% 	 	 	73,710,649	  	 	 	66,339,584.23	  
										
	 93935LAF5
	  	WAL06AR8	 	CA1B	 	 	74,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	—   	  	 	 	75.65	% 	 	 	30,260,951	  	 	 	27,234,855.68	  
										
	 93935NAB0
	  	WAL07OA1	 	2A	 	 	423,487,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	38,474,483	  	 	 	71.56	% 	 	 	57,245,215	  	 	 	51,520,693.46	  
										
	 93935QAB3
	  	WAL07OA2	 	2A	 	 	367,666,000	  	 	 	125,000,000	  	 	 	100,000,000	  	 	 	53,814,468	  	 	 	82.95	% 	 	 	82,952,241	  	 	 	74,657,016.54	  
										
	 93935QAC1
	  	WAL07OA2	 	CA1B	 	 	73,829,000	  	 	 	17,500,000	  	 	 	14,000,000	  	 	 	—   	  	 	 	84.24	% 	 	 	11,793,293	  	 	 	10,613,964.14	  
										
	 93936LAD9
	  	WAL07OC2	 	A4	 	 	31,442,000	  	 	 	31,442,000	  	 	 	25,153,600	  	 	 	3,231,015	  	 	 	91.04	% 	 	 	22,900,915	  	 	 	20,610,823.63	  

  
 105 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
										
	 93936MAB1
	  	WAL07OA4	 	A1B	 	 	83,188,000	  	 	 	26,188,000	  	 	 	20,950,400	  	 	 	8,185,270	  	 	 	92.13	% 	 	 	19,301,742	  	 	 	17,371,568.22	  
										
	 93936MAC9
	  	WAL07OA4	 	A1C	 	 	41,594,000	  	 	 	20,000,000	  	 	 	16,000,000	  	 	 	—  	  	 	 	92.02	% 	 	 	14,722,532	  	 	 	13,250,278.37	  
										
	 93936RAA2
	  	WAL07OA5	 	A1A	 	 	311,634,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	52,080,662	  	 	 	86.16	% 	 	 	68,930,948	  	 	 	62,037,853.42	  
										
	 94978RAJ0
	  	WFM03004	 	A9	 	 	100,000,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	—  	  	 	 	20.10	% 	 	 	16,081,112	  	 	 	14,473,000.80	  
										
	 949803AA8
	  	WFM0400U	 	A1	 	 	740,112,000	  	 	 	95,500,000	  	 	 	76,400,000	  	 	 	2,791,075	  	 	 	6.65	% 	 	 	5,079,856	  	 	 	4,571,870.48	  
										
	 949804AA6
	  	WFM03007	 	A1	 	 	338,903,000	  	 	 	31,000,000	  	 	 	24,800,000	  	 	 	—  	  	 	 	31.21	% 	 	 	7,740,782	  	 	 	6,966,703.54	  
										
	 94980KAE2
	  	WFM04004	 	A5	 	 	39,651,000	  	 	 	11,151,000	  	 	 	8,920,800	  	 	 	—  	  	 	 	40.47	% 	 	 	3,610,566	  	 	 	3,249,509.40	  
										
	 94982DAB2
	  	WFM05A14	 	A2	 	 	293,863,000	  	 	 	183,863,000	  	 	 	147,090,400	  	 	 	—  	  	 	 	54.83	% 	 	 	80,653,590	  	 	 	72,588,230.70	  
										
	 94982GAK5
	  	WFM05003	 	A10	 	 	69,019,000	  	 	 	39,019,000	  	 	 	31,215,200	  	 	 	—  	  	 	 	19.97	% 	 	 	6,235,185	  	 	 	5,611,666.67	  
										
	 94982PAA7
	  	WFM05AR7	 	IA1	 	 	663,773,000	  	 	 	80,000,000	  	 	 	64,000,000	  	 	 	18,735,585	  	 	 	72.79	% 	 	 	46,585,298	  	 	 	41,926,768.36	  
										
	 949837AU2
	  	WFM07010	 	IA19	 	 	40,085,000	  	 	 	34,655,000	  	 	 	27,724,000	  	 	 	1,547,721	  	 	 	88.21	% 	 	 	24,454,151	  	 	 	22,008,736.24	  
										
	 94983EAJ2
	  	WFM05A12	 	IIA6	 	 	485,300,000	  	 	 	96,900,000	  	 	 	77,520,000	  	 	 	22,614,640	  	 	 	56.95	% 	 	 	44,150,896	  	 	 	39,735,806.67	  
										
	 94983GAA6
	  	WFM06AR3	 	A1	 	 	222,926,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	17,808,196	  	 	 	60.22	% 	 	 	48,178,815	  	 	 	43,360,933.54	  
										
	 94983JAD4
	  	WFM06AR1	 	IIA2	 	 	317,343,000	  	 	 	100,000,000	  	 	 	80,000,000	  	 	 	—  	  	 	 	69.51	% 	 	 	55,604,404	  	 	 	50,043,963.89	  
										
	 94983LAB3
	  	WFM06002	 	IA2	 	 	125,000,000	  	 	 	125,000,000	  	 	 	100,000,000	  	 	 	41,340,474	  	 	 	83.09	% 	 	 	83,092,990	  	 	 	74,783,691.00	  
										
	 94983LAJ6
	  	WFM06002	 	IA9	 	 	43,557,000	  	 	 	43,557,000	  	 	 	34,845,600	  	 	 	3,695,727	  	 	 	73.48	% 	 	 	25,604,234	  	 	 	23,043,811.04	  
										
	 94983QAG1
	  	WFM06003	 	A7	 	 	119,634,000	  	 	 	119,634,000	  	 	 	95,707,200	  	 	 	1,893,784	  	 	 	92.63	% 	 	 	88,649,157	  	 	 	79,784,241.23	  

  
 106 

																																	
	Cusip	  	Deal Name	 	 Tranche
 Name
	 	 Original
 Balance -
 Total
	 	 	 Original
 Balance -
 ING
	 	 	 Original
 Balance -
 Dutch State
	 	 	 Current
 Balance -
 Dutch State

(indicative
 as
of 5 Oct
 2012)
	 	 	 Bond
 Factor at
 cut-off

date
	 	 	 Cut-off
 value -
 Dutch State
	 	 	 90% of Cut-off

value - Dutch

State
	 
	 94983UAA5
	  	WFM07AR3	 	A1	 	 	170,000,000	  	 	 	170,000,000	  	 	 	136,000,000	  	 	 	43,597,810	  	 	 	77.59	% 	 	 	105,517,065	  	 	 	94,965,358.86	  
										
	 94983YAK5
	  	WFM06A10	 	VA1	 	 	300,000,000	  	 	 	50,000,000	  	 	 	40,000,000	  	 	 	16,005,823	  	 	 	70.29	% 	 	 	28,116,124	  	 	 	25,304,511.96	  
										
	 94984MAC8
	  	WFM06A14	 	IA3	 	 	202,000,000	  	 	 	200,000,000	  	 	 	160,000,000	  	 	 	13,059,746	  	 	 	56.16	% 	 	 	89,857,958	  	 	 	80,872,162.27	  
										
	 94984TAD1
	  	WFA07PA1	 	A4	 	 	116,970,000	  	 	 	44,470,000	  	 	 	35,576,000	  	 	 	16,603,437	  	 	 	81.20	% 	 	 	28,887,910	  	 	 	25,999,119.11	  
										
	 94984UAE6
	  	WFA07PA4	 	IIA1	 	 	197,814,000	  	 	 	157,814,000	  	 	 	126,251,200	  	 	 	56,425,634	  	 	 	78.32	% 	 	 	98,882,274	  	 	 	88,994,046.23	  
										
	 94985GAE6
	  	WFA07PA3	 	IIA1	 	 	367,000,000	  	 	 	267,000,000	  	 	 	213,600,000	  	 	 	109,163,134	  	 	 	88.59	% 	 	 	189,237,007	  	 	 	170,313,306.68	  
										
	 94985JBP4
	  	WFM07007	 	A38	 	 	673,178,000	  	 	 	85,000,000	  	 	 	68,000,000	  	 	 	17,159,259	  	 	 	86.12	% 	 	 	58,559,820	  	 	 	52,703,838.27	  
										
	 94985RAN2
	  	WFM07004	 	A13	 	 	150,000,000	  	 	 	150,000,000	  	 	 	120,000,000	  	 	 	17,499,989	  	 	 	81.32	% 	 	 	97,584,332	  	 	 	87,825,898.62	  
										
	 94985WAU5
	  	WFM07011	 	A19	 	 	238,724,000	  	 	 	133,224,000	  	 	 	106,579,200	  	 	 	9,791,298	  	 	 	85.29	% 	 	 	90,900,974	  	 	 	81,810,876.60	  
										
	 94986AAE8
	  	WFM07008	 	IA5	 	 	421,000,000	  	 	 	375,000,000	  	 	 	300,000,000	  	 	 	68,240,382	  	 	 	85.96	% 	 	 	257,892,939	  	 	 	232,103,644.83	  
										
	 949911AA9
	  	WFM0300D	 	A1	 	 	389,522,000	  	 	 	75,330,000	  	 	 	60,264,000	  	 	 	1,354,056	  	 	 	3.99	% 	 	 	2,406,822	  	 	 	2,166,139.59	  

  
 107 

 SCHEDULE 3 
 FIXED RATE MINIMUM AND MAXIMUM GUARANTEED VALUES 
  

											
	From and including the
State Payment Date
falling
in:	 	Up to and excluding the
State Payment Date
falling
in:	 	Minimum	 	 	Maximum	 
	Apr/2009	 	May/2009	 	 	14,470,949,741	  	 	 	14,749,953,864	  
	May/2009	 	Jun/2009	 	 	14,038,905,229	  	 	 	14,555,411,685	  
	Jun/2009	 	Jul/2009	 	 	13,590,885,961	  	 	 	14,382,392,537	  
	Jul/2009	 	Aug/2009	 	 	13,170,459,452	  	 	 	14,238,526,770	  
	Aug/2009	 	Sep/2009	 	 	12,784,886,954	  	 	 	14,131,912,118	  
	Sep/2009	 	Oct/2009	 	 	12,439,251,343	  	 	 	13,984,524,875	  
	Oct/2009	 	Nov/2009	 	 	12,066,022,974	  	 	 	13,854,582,676	  
	Nov/2009	 	Dec/2009	 	 	11,718,208,988	  	 	 	13,654,388,025	  
	Dec/2009	 	Jan/2010	 	 	11,280,355,474	  	 	 	13,446,605,077	  
	Jan/2010	 	Feb/2010	 	 	10,924,554,110	  	 	 	13,289,333,590	  
	Feb/2010	 	Mar/2010	 	 	10,584,727,502	  	 	 	13,108,819,422	  
	Mar/2010	 	Apr/2010	 	 	10,231,830,639	  	 	 	12,906,569,797	  
	Apr/2010	 	May/2010	 	 	9,878,207,651	  	 	 	12,713,921,677	  
	May/2010	 	Jun/2010	 	 	9,560,890,925	  	 	 	12,515,281,469	  
	Jun/2010	 	Jul/2010	 	 	9,226,147,193	  	 	 	12,075,389,560	  
	Jul/2010	 	Aug/2010	 	 	8,740,369,413	  	 	 	11,832,746,662	  
	Aug/2010	 	Sep/2010	 	 	8,404,173,431	  	 	 	11,656,250,341	  
	Sep/2010	 	Oct/2010	 	 	8,112,997,213	  	 	 	11,430,257,241	  
	Oct/2010	 	Nov/2010	 	 	7,805,846,240	  	 	 	11,307,905,822	  
	Nov/2010	 	Dec/2010	 	 	7,575,664,542	  	 	 	11,165,424,382	  
	Dec/2010	 	Jan/2011	 	 	7,345,482,843	  	 	 	11,081,269,174	  
	Jan/2011	 	Feb/2011	 	 	7,144,709,217	  	 	 	11,013,001,271	  
	Feb/2011	 	Mar/2011	 	 	6,956,715,394	  	 	 	10,947,486,565	  
	Mar/2011	 	Apr/2011	 	 	6,773,804,448	  	 	 	10,855,826,136	  
	Apr/2011	 	May/2011	 	 	6,570,416,771	  	 	 	10,794,408,895	  
	May/2011	 	Jun/2011	 	 	6,394,767,078	  	 	 	10,737,065,260	  
	Jun/2011	 	Jul/2011	 	 	6,226,378,636	  	 	 	10,679,932,939	  
	Jul/2011	 	Aug/2011	 	 	6,063,436,134	  	 	 	10,625,588,244	  
	Aug/2011	 	Sep/2011	 	 	5,904,705,159	  	 	 	10,547,505,403	  
	Sep/2011	 	Oct/2011	 	 	5,734,574,017	  	 	 	10,488,640,864	  
	Oct/2011	 	Nov/2011	 	 	5,581,869,881	  	 	 	10,420,012,123	  
	Nov/2011	 	Dec/2011	 	 	5,430,400,157	  	 	 	10,339,051,633	  
	Dec/2011	 	Jan/2012	 	 	5,271,669,182	  	 	 	10,292,527,538	  
	Jan/2012	 	Feb/2012	 	 	5,139,078,714	  	 	 	10,217,855,869	  
	Feb/2012	 	Mar/2012	 	 	4,994,071,506	  	 	 	9,977,130,082	  
	Mar/2012	 	Apr/2012	 	 	4,804,117,145	  	 	 	9,786,690,558	  
	Apr/2012	 	May/2012	 	 	4,648,072,833	  	 	 	9,319,060,973	  
	May/2012	 	Jun/2012	 	 	4,350,797,163	  	 	 	8,985,407,842	  
	Jun/2012	 	Jul/2012	 	 	4,122,648,615	  	 	 	8,751,970,532	  
	Jul/2012	 	Aug/2012	 	 	3,958,834,763	  	 	 	8,397,193,354	  

  
 108 

											
	From and including the
State Payment Date
falling
in:	 	Up to and excluding the
State Payment Date
falling
in:	 	Minimum	 	 	Maximum	 
	Aug/2012	 	Sep/2012	 	 	3,736,640,442	  	 	 	8,227,579,881	  
	Sep/2012	 	Oct/2012	 	 	3,621,694,818	  	 	 	8,101,796,832	  
	Oct/2012	 	Nov/2012	 	 	3,535,285,915	  	 	 	7,859,586,162	  
	Nov/2012	 	Dec/2012	 	 	3,416,854,890	  	 	 	7,733,629,803	  
	Dec/2012	 	Jan/2013	 	 	3,335,528,864	  	 	 	7,456,381,140	  
	Jan/2013	 	Feb/2013	 	 	3,197,202,007	  	 	 	7,273,759,097	  
	Feb/2013	 	Mar/2013	 	 	3,090,606,823	  	 	 	7,045,061,212	  
	Mar/2013	 	Apr/2013	 	 	2,961,792,207	  	 	 	6,851,555,229	  
	Apr/2013	 	May/2013	 	 	2,859,989,450	  	 	 	6,714,596,644	  
	May/2013	 	Jun/2013	 	 	2,792,822,866	  	 	 	6,558,342,983	  
	Jun/2013	 	Jul/2013	 	 	2,725,075,382	  	 	 	6,428,838,464	  
	Jul/2013	 	Aug/2013	 	 	2,661,757,262	  	 	 	6,277,697,914	  
	Aug/2013	 	Sep/2013	 	 	2,590,306,539	  	 	 	6,114,831,379	  
	Sep/2013	 	Oct/2013	 	 	2,513,482,489	  	 	 	5,955,802,977	  
	Oct/2013	 	Nov/2013	 	 	2,438,618,978	  	 	 	5,769,271,210	  
	Nov/2013	 	Dec/2013	 	 	2,350,322,150	  	 	 	5,524,631,012	  
	Dec/2013	 	Jan/2014	 	 	2,259,992,171	  	 	 	5,379,920,802	  
	Jan/2014	 	Feb/2014	 	 	2,198,271,526	  	 	 	5,222,147,441	  
	Feb/2014	 	Mar/2014	 	 	2,128,999,179	  	 	 	5,136,174,213	  
	Mar/2014	 	Apr/2014	 	 	2,063,284,846	  	 	 	4,972,723,424	  
	Apr/2014	 	May/2014	 	 	1,951,897,235	  	 	 	4,887,766,772	  
	May/2014	 	Jun/2014	 	 	1,886,618,577	  	 	 	4,708,413,840	  
	Jun/2014	 	Jul/2014	 	 	1,768,478,002	  	 	 	4,659,400,386	  
	Jul/2014	 	Aug/2014	 	 	1,728,032,826	  	 	 	4,599,059,380	  
	Aug/2014	 	Sep/2014	 	 	1,682,795,224	  	 	 	4,551,352,952	  
	Sep/2014	 	Oct/2014	 	 	1,645,980,675	  	 	 	4,503,936,974	  
	Oct/2014	 	Nov/2014	 	 	1,611,271,889	  	 	 	4,456,956,672	  
	Nov/2014	 	Dec/2014	 	 	1,578,233,191	  	 	 	4,410,266,819	  
	Dec/2014	 	Jan/2015	 	 	1,546,501,518	  	 	 	4,363,794,805	  
	Jan/2015	 	Feb/2015	 	 	1,515,641,196	  	 	 	4,317,685,852	  
	Feb/2015	 	Mar/2015	 	 	1,485,506,999	  	 	 	4,243,548,466	  
	Mar/2015	 	Apr/2015	 	 	1,442,592,998	  	 	 	4,196,713,389	  
	Apr/2015	 	May/2015	 	 	1,412,458,801	  	 	 	4,151,403,174	  
	May/2015	 	Jun/2015	 	 	1,386,173,067	  	 	 	4,042,774,840	  
	Jun/2015	 	Jul/2015	 	 	1,335,852,589	  	 	 	3,993,616,162	  
	Jul/2015	 	Aug/2015	 	 	1,308,259,830	  	 	 	3,950,484,323	  
	Aug/2015	 	Sep/2015	 	 	1,284,951,210	  	 	 	3,801,047,750	  
	Sep/2015	 	Oct/2015	 	 	1,218,220,301	  	 	 	3,728,362,614	  
	Oct/2015	 	Nov/2015	 	 	1,188,013,491	  	 	 	3,539,279,604	  
	Nov/2015	 	Dec/2015	 	 	1,101,459,364	  	 	 	3,484,965,437	  
	Dec/2015	 	Jan/2016	 	 	1,080,619,570	  	 	 	3,419,759,391	  
	Jan/2016	 	Feb/2016	 	 	1,057,819,237	  	 	 	3,372,052,963	  
	Feb/2016	 	Mar/2016	 	 	1,034,801,068	  	 	 	3,322,313,385	  
	Mar/2016	 	Apr/2016	 	 	1,016,067,037	  	 	 	3,285,789,286	  
	Apr/2016	 	May/2016	 	 	998,857,869	  	 	 	3,234,307,007	  

  
 109 

											
	From and including the
State Payment Date
falling
in:	 	Up to and excluding the
State Payment Date
falling
in:	 	Minimum	 	 	Maximum	 
	May/2016	 	Jun/2016	 	 	979,688,163	  	 	 	3,172,150,687	  
	Jun/2016	 	Jul/2016	 	 	954,273,779	  	 	 	3,051,396,061	  
	Jul/2016	 	Aug/2016	 	 	908,673,115	  	 	 	2,978,783,538	  
	Aug/2016	 	Sep/2016	 	 	884,347,920	  	 	 	2,929,261,797	  
	Sep/2016	 	Oct/2016	 	 	870,043,253	  	 	 	2,881,627,982	  
	Oct/2016	 	Nov/2016	 	 	850,220,034	  	 	 	2,816,857,611	  
	Nov/2016	 	Dec/2016	 	 	827,855,377	  	 	 	2,687,607,320	  
	Dec/2016	 	Jan/2017	 	 	802,876,669	  	 	 	2,576,292,322	  
	Jan/2017	 	Feb/2017	 	 	775,211,297	  	 	 	2,421,700,260	  
	Feb/2017	 	Mar/2017	 	 	720,163,743	  	 	 	2,393,308,763	  
	Mar/2017	 	Apr/2017	 	 	709,845,504	  	 	 	2,365,498,167	  
	Apr/2017	 	May/2017	 	 	699,737,841	  	 	 	2,257,160,283	  
	May/2017	 	Jun/2017	 	 	656,134,021	  	 	 	2,220,854,021	  
	Jun/2017	 	Jul/2017	 	 	643,317,910	  	 	 	2,194,132,612	  
	Jul/2017	 	Aug/2017	 	 	634,350,264	  	 	 	2,167,629,041	  
	Aug/2017	 	Sep/2017	 	 	625,571,410	  	 	 	2,141,270,696	  
	Sep/2017	 	Oct/2017	 	 	617,184,663	  	 	 	2,115,420,637	  
	Oct/2017	 	Nov/2017	 	 	608,957,664	  	 	 	2,089,715,804	  
	Nov/2017	 	Dec/2017	 	 	600,890,413	  	 	 	2,064,301,421	  
	Dec/2017	 	Jan/2018	 	 	592,997,432	  	 	 	2,039,250,101	  
	Jan/2018	 	Feb/2018	 	 	585,264,198	  	 	 	2,014,489,230	  
	Feb/2018	 	Mar/2018	 	 	577,697,973	  	 	 	1,990,091,422	  
	Mar/2018	 	Apr/2018	 	 	570,414,937	  	 	 	1,966,056,677	  
	Apr/2018	 	May/2018	 	 	563,364,261	  	 	 	1,942,094,545	  
	May/2018	 	Jun/2018	 	 	555,899,694	  	 	 	1,917,769,349	  
	Jun/2018	 	Jul/2018	 	 	548,856,279	  	 	 	1,894,170,279	  
	Jul/2018	 	Aug/2018	 	 	542,342,936	  	 	 	1,870,789,047	  
	Aug/2018	 	Sep/2018	 	 	535,960,295	  	 	 	1,847,698,264	  
	Sep/2018	 	Oct/2018	 	 	529,693,834	  	 	 	1,824,825,320	  
	Oct/2018	 	Nov/2018	 	 	523,398,328	  	 	 	1,802,024,987	  
	Nov/2018	 	Dec/2018	 	 	517,415,056	  	 	 	1,779,515,105	  
	Dec/2018	 	Jan/2019	 	 	511,809,370	  	 	 	1,757,295,673	  
	Jan/2019	 	Feb/2019	 	 	506,399,737	  	 	 	1,735,439,304	  
	Feb/2019	 	Mar/2019	 	 	501,273,292	  	 	 	1,713,873,384	  
	Mar/2019	 	Apr/2019	 	 	496,248,506	  	 	 	1,692,525,302	  
	Apr/2019	 	May/2019	 	 	491,325,377	  	 	 	1,671,322,446	  
	May/2019	 	Jun/2019	 	 	486,489,383	  	 	 	1,650,192,201	  
	Jun/2019	 	Jul/2019	 	 	481,762,307	  	 	 	1,629,279,795	  
	Jul/2019	 	Aug/2019	 	 	477,122,367	  	 	 	1,608,512,613	  
	Aug/2019	 	Sep/2019	 	 	472,569,562	  	 	 	1,587,818,044	  
	Sep/2019	 	Oct/2019	 	 	468,096,631	  	 	 	1,567,268,700	  
	Oct/2019	 	Nov/2019	 	 	463,710,834	  	 	 	1,546,864,581	  
	Nov/2019	 	Dec/2019	 	 	459,419,434	  	 	 	1,526,533,074	  
	Dec/2019	 	Jan/2020	 	 	455,215,169	  	 	 	1,506,492,018	  
	Jan/2020	 	Feb/2020	 	 	451,098,039	  	 	 	1,486,814,024	  

  
 110 

											
	From and including the
State Payment Date
falling
in:	 	Up to and excluding the
State Payment Date
falling
in:	 	Minimum	 	 	Maximum	 
	Feb/2020	 	Mar/2020	 	 	447,060,783	  	 	 	1,467,353,868	  
	Mar/2020	 	Apr/2020	 	 	443,110,661	  	 	 	1,447,966,324	  
	Apr/2020	 	May/2020	 	 	439,233,153	  	 	 	1,428,941,843	  
	May/2020	 	Jun/2020	 	 	435,442,779	  	 	 	1,410,135,200	  
	Jun/2020	 	Jul/2020	 	 	431,746,801	  	 	 	1,391,546,394	  
	Jul/2020	 	Aug/2020	 	 	428,123,437	  	 	 	1,373,102,813	  
	Aug/2020	 	Sep/2020	 	 	424,572,684	  	 	 	1,354,804,457	  
	Sep/2020	 	Oct/2020	 	 	421,087,283	  	 	 	1,336,723,939	  
	Oct/2020	 	Nov/2020	 	 	417,667,233	  	 	 	1,319,006,483	  
	Nov/2020	 	Dec/2020	 	 	414,312,535	  	 	 	1,301,434,253	  
	Dec/2020	 	Jan/2021	 	 	411,015,926	  	 	 	1,283,862,022	  
	Jan/2021	 	Feb/2021	 	 	407,791,930	  	 	 	1,266,507,629	  
	Feb/2021	 	Mar/2021	 	 	404,626,024	  	 	 	1,249,225,849	  
	Mar/2021	 	Apr/2021	 	 	401,518,208	  	 	 	1,232,161,906	  
	Apr/2021	 	May/2021	 	 	398,475,743	  	 	 	1,215,243,188	  
	May/2021	 	Jun/2021	 	 	395,484,107	  	 	 	1,198,397,082	  
	Jun/2021	 	Jul/2021	 	 	392,550,561	  	 	 	1,181,696,202	  
	Jul/2021	 	Aug/2021	 	 	389,682,367	  	 	 	1,165,067,934	  
	Aug/2021	 	Sep/2021	 	 	386,865,001	  	 	 	1,148,657,504	  
	Sep/2021	 	Oct/2021	 	 	384,098,464	  	 	 	1,132,537,524	  
	Oct/2021	 	Nov/2021	 	 	381,390,017	  	 	 	1,116,417,544	  
	Nov/2021	 	Dec/2021	 	 	378,732,398	  	 	 	1,100,515,401	  
	Dec/2021	 	Jan/2022	 	 	376,125,609	  	 	 	1,084,685,871	  
	Jan/2022	 	Feb/2022	 	 	373,569,648	  	 	 	1,069,001,566	  
	Feb/2022	 	Mar/2022	 	 	371,064,516	  	 	 	1,053,389,874	  
	Mar/2022	 	Apr/2022	 	 	368,602,951	  	 	 	1,037,850,794	  
	Apr/2022	 	May/2022	 	 	366,192,216	  	 	 	1,022,456,939	  
	May/2022	 	Jun/2022	 	 	363,825,047	  	 	 	1,007,063,084	  
	Jun/2022	 	Jul/2022	 	 	361,501,447	  	 	 	991,887,066	  
	Jul/2022	 	Aug/2022	 	 	359,221,413	  	 	 	976,783,662	  
	Aug/2022	 	Sep/2022	 	 	356,984,948	  	 	 	961,680,257	  
	Sep/2022	 	Oct/2022	 	 	354,792,049	  	 	 	946,794,690	  
	Oct/2022	 	Nov/2022	 	 	352,642,719	  	 	 	932,126,960	  
	Nov/2022	 	Dec/2022	 	 	350,536,956	  	 	 	917,604,455	  
	Dec/2022	 	Jan/2023	 	 	348,474,760	  	 	 	903,227,176	  
	Jan/2023	 	Feb/2023	 	 	346,448,871	  	 	 	889,067,734	  
	Feb/2023	 	Mar/2023	 	 	344,488,332	  	 	 	875,198,742	  
	Mar/2023	 	Apr/2023	 	 	342,564,101	  	 	 	861,692,812	  
	Apr/2023	 	May/2023	 	 	340,683,436	  	 	 	848,259,496	  
	May/2023	 	Jun/2023	 	 	338,831,817	  	 	 	835,116,629	  
	Jun/2023	 	Jul/2023	 	 	337,009,243	  	 	 	822,409,437	  
	Jul/2023	 	Aug/2023	 	 	335,208,452	  	 	 	810,283,146	  
	Aug/2023	 	Sep/2023	 	 	333,451,229	  	 	 	798,229,467	  
	Sep/2023	 	Oct/2023	 	 	331,730,312	  	 	 	786,321,013	  
	Oct/2023	 	Nov/2023	 	 	330,045,702	  	 	 	774,557,785	  

  
 111 

											
	From and including the
State Payment Date
falling
in:	 	Up to and excluding the
State Payment Date
falling
in:	 	Minimum	 	 	Maximum	 
	Nov/2023	 	Dec/2023	 	 	328,390,136	  	 	 	762,867,168	  
	Dec/2023	 	Jan/2024	 	 	326,763,615	  	 	 	751,467,002	  
	Jan/2024	 	Feb/2024	 	 	325,173,401	  	 	 	740,357,286	  
	Feb/2024	 	Mar/2024	 	 	323,612,232	  	 	 	729,392,795	  
	Mar/2024	 	Apr/2024	 	 	322,087,369	  	 	 	718,566,268	  
	Apr/2024	 	May/2024	 	 	320,591,551	  	 	 	707,892,227	  
	May/2024	 	Jun/2024	 	 	319,124,778	  	 	 	697,450,546	  
	Jun/2024	 	Jul/2024	 	 	317,687,050	  	 	 	687,430,018	  
	Jul/2024	 	Aug/2024	 	 	316,278,367	  	 	 	677,591,021	  
	Aug/2024	 	Sep/2024	 	 	314,898,729	  	 	 	667,904,511	  
	Sep/2024	 	Oct/2024	 	 	313,533,614	  	 	 	658,668,198	  
	Oct/2024	 	Nov/2024	 	 	312,197,543	  	 	 	649,664,245	  
	Nov/2024	 	Dec/2024	 	 	310,890,518	  	 	 	640,740,166	  
	Dec/2024	 	Jan/2025	 	 	309,590,754	  	 	 	631,845,132	  
	Jan/2025	 	Feb/2025	 	 	308,334,557	  	 	 	623,153,413	  
	Feb/2025	 	Mar/2025	 	 	307,107,405	  	 	 	614,679,531	  
	Mar/2025	 	Apr/2025	 	 	305,909,299	  	 	 	606,256,478	  
	Apr/2025	 	May/2025	 	 	304,732,976	  	 	 	597,884,254	  
	May/2025	 	Jun/2025	 	 	303,592,959	  	 	 	589,577,382	  
	Jun/2025	 	Jul/2025	 	 	302,467,465	  	 	 	581,328,599	  
	Jul/2025	 	Aug/2025	 	 	301,356,494	  	 	 	573,137,907	  
	Aug/2025	 	Sep/2025	 	 	300,274,567	  	 	 	564,983,520	  
	Sep/2025	 	Oct/2025	 	 	299,221,685	  	 	 	556,887,224	  
	Oct/2025	 	Nov/2025	 	 	298,183,326	  	 	 	548,878,063	  
	Nov/2025	 	Dec/2025	 	 	297,094,139	  	 	 	541,079,478	  
	Dec/2025	 	Jan/2026	 	 	296,106,608	  	 	 	533,411,595	  
	Jan/2026	 	Feb/2026	 	 	295,148,123	  	 	 	525,801,803	  
	Feb/2026	 	Mar/2026	 	 	294,211,421	  	 	 	518,271,884	  
	Mar/2026	 	Apr/2026	 	 	293,223,891	  	 	 	511,010,632	  
	Apr/2026	 	May/2026	 	 	292,316,235	  	 	 	503,945,433	  
	May/2026	 	Jun/2026	 	 	291,430,362	  	 	 	496,967,370	  
	Jun/2026	 	Jul/2026	 	 	290,559,011	  	 	 	490,047,396	  
	Jul/2026	 	Aug/2026	 	 	289,716,706	  	 	 	483,178,252	  
	Aug/2026	 	Sep/2026	 	 	288,881,662	  	 	 	476,439,809	  
	Sep/2026	 	Oct/2026	 	 	288,068,402	  	 	 	469,897,421	  
	Oct/2026	 	Nov/2026	 	 	287,262,403	  	 	 	463,623,699	  
	Nov/2026	 	Dec/2026	 	 	286,478,188	  	 	 	457,662,211	  
	Dec/2026	 	Jan/2027	 	 	285,715,756	  	 	 	451,744,290	  
	Jan/2027	 	Feb/2027	 	 	284,960,586	  	 	 	445,877,198	  
	Feb/2027	 	Mar/2027	 	 	284,227,199	  	 	 	440,213,422	  
	Mar/2027	 	Apr/2027	 	 	283,501,074	  	 	 	434,636,780	  
	Apr/2027	 	May/2027	 	 	282,796,733	  	 	 	429,110,967	  
	May/2027	 	Jun/2027	 	 	282,106,914	  	 	 	423,621,460	  
	Jun/2027	 	Jul/2027	 	 	281,431,617	  	 	 	418,175,521	  
	Jul/2027	 	Aug/2027	 	 	280,770,843	  	 	 	412,773,149	  

  
 112 

											
	From and including the
State Payment Date
falling
in:	 	Up to and excluding the
State Payment Date
falling
in:	 	Minimum	 	 	Maximum	 
	Aug/2027	 	Sep/2027	 	 	280,124,592	  	 	 	407,421,606	  
	Sep/2027	 	Oct/2027	 	 	279,500,124	  	 	 	402,149,937	  
	Oct/2027	 	Nov/2027	 	 	278,882,918	  	 	 	396,885,529	  
	Nov/2027	 	Dec/2027	 	 	278,280,234	  	 	 	391,700,995	  
	Dec/2027	 	Jan/2028	 	 	277,692,072	  	 	 	386,574,551	  
	Jan/2028	 	Feb/2028	 	 	277,118,433	  	 	 	381,491,674	  
	Feb/2028	 	Mar/2028	 	 	276,552,056	  	 	 	376,452,365	  
	Mar/2028	 	Apr/2028	 	 	276,000,201	  	 	 	371,449,362	  
	Apr/2028	 	May/2028	 	 	275,462,868	  	 	 	366,489,927	  
	May/2028	 	Jun/2028	 	 	274,932,796	  	 	 	361,653,933	  
	Jun/2028	 	Jul/2028	 	 	274,417,248	  	 	 	356,992,209	  
	Jul/2028	 	Aug/2028	 	 	273,901,699	  	 	 	352,410,359	  
	Aug/2028	 	Sep/2028	 	 	273,371,627	  	 	 	347,857,553	  
	Sep/2028	 	Oct/2028	 	 	272,848,817	  	 	 	343,341,055	  
	Oct/2028	 	Nov/2028	 	 	272,340,529	  	 	 	338,868,123	  
	Nov/2028	 	Dec/2028	 	 	271,476,440	  	 	 	334,424,237	  
	Dec/2028	 	Jan/2029	 	 	270,989,936	  	 	 	329,878,693	  
	Jan/2029	 	Feb/2029	 	 	270,510,694	  	 	 	325,601,815	  
	Feb/2029	 	Mar/2029	 	 	270,038,712	  	 	 	321,361,244	  
	Mar/2029	 	Apr/2029	 	 	269,573,992	  	 	 	316,960,925	  
	Apr/2029	 	May/2029	 	 	268,782,516	  	 	 	312,792,966	  
	May/2029	 	Jun/2029	 	 	268,332,318	  	 	 	308,654,052	  
	Jun/2029	 	Jul/2029	 	 	267,911,165	  	 	 	304,551,445	  
	Jul/2029	 	Aug/2029	 	 	267,526,319	  	 	 	300,485,143	  
	Aug/2029	 	Sep/2029	 	 	267,148,734	  	 	 	296,455,148	  
	Sep/2029	 	Oct/2029	 	 	266,785,671	  	 	 	292,454,198	  
	Oct/2029	 	Nov/2029	 	 	266,429,870	  	 	 	288,489,555	  
	Nov/2029	 	Dec/2029	 	 	266,081,330	  	 	 	284,648,352	  
	Dec/2029	 	Jan/2030	 	 	265,638,393	  	 	 	280,778,105	  
	Jan/2030	 	Feb/2030	 	 	265,304,376	  	 	 	277,394,361	  
	Feb/2030	 	Mar/2030	 	 	263,868,347	  	 	 	275,243,331	  
	Mar/2030	 	Apr/2030	 	 	262,218,610	  	 	 	273,349,577	  
	Apr/2030	 	May/2030	 	 	260,582,300	  	 	 	271,471,441	  
	May/2030	 	Jun/2030	 	 	259,002,982	  	 	 	269,652,493	  
	Jun/2030	 	Jul/2030	 	 	257,458,839	  	 	 	267,870,983	  
	Jul/2030	 	Aug/2030	 	 	255,928,132	  	 	 	266,105,081	  
	Aug/2030	 	Sep/2030	 	 	254,447,176	  	 	 	264,391,086	  
	Sep/2030	 	Oct/2030	 	 	252,979,637	  	 	 	262,692,719	  
	Oct/2030	 	Nov/2030	 	 	251,529,142	  	 	 	261,013,614	  
	Nov/2030	 	Dec/2030	 	 	249,997,672	  	 	 	259,255,736	  
	Dec/2030	 	Jan/2031	 	 	248,574,065	  	 	 	257,607,834	  
	Jan/2031	 	Feb/2031	 	 	247,171,111	  	 	 	255,982,846	  
	Feb/2031	 	Mar/2031	 	 	245,788,803	  	 	 	254,380,779	  
	Mar/2031	 	Apr/2031	 	 	244,419,919	  	 	 	252,794,333	  
	Apr/2031	 	May/2031	 	 	243,068,076	  	 	 	251,227,153	  

  
 113 

											
	 From and including the

State Payment Date falling

in:
	 	Up to and excluding the
State 
Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	May/2031	 	Jun/2031	 	 	241,805,865	  	 	 	249,751,871	  
	Jun/2031	 	Jul/2031	 	 	240,564,348	  	 	 	248,299,464	  
	Jul/2031	 	Aug/2031	 	 	239,336,250	  	 	 	246,862,683	  
	Aug/2031	 	Sep/2031	 	 	238,110,658	  	 	 	245,430,656	  
	Sep/2031	 	Oct/2031	 	 	236,894,841	  	 	 	244,010,639	  
	Oct/2031	 	Nov/2031	 	 	235,695,984	  	 	 	242,609,968	  
	Nov/2031	 	Dec/2031	 	 	234,514,004	  	 	 	241,228,726	  
	Dec/2031	 	Jan/2032	 	 	233,334,235	  	 	 	239,852,533	  
	Jan/2032	 	Feb/2032	 	 	232,171,300	  	 	 	238,495,814	  
	Feb/2032	 	Mar/2032	 	 	231,018,170	  	 	 	237,151,074	  
	Mar/2032	 	Apr/2032	 	 	229,882,156	  	 	 	235,825,522	  
	Apr/2032	 	May/2032	 	 	228,752,311	  	 	 	234,508,326	  
	May/2032	 	Jun/2032	 	 	227,635,958	  	 	 	233,206,682	  
	Jun/2032	 	Jul/2032	 	 	226,529,461	  	 	 	231,916,965	  
	Jul/2032	 	Aug/2032	 	 	225,432,808	  	 	 	230,639,189	  
	Aug/2032	 	Sep/2032	 	 	224,346,012	  	 	 	229,373,339	  
	Sep/2032	 	Oct/2032	 	 	223,276,321	  	 	 	228,126,691	  
	Oct/2032	 	Nov/2032	 	 	222,220,087	  	 	 	226,895,630	  
	Nov/2032	 	Dec/2032	 	 	221,170,053	  	 	 	225,672,892	  
	Dec/2032	 	Jan/2033	 	 	220,133,483	  	 	 	224,465,735	  
	Jan/2033	 	Feb/2033	 	 	219,106,197	  	 	 	223,271,077	  
	Feb/2033	 	Mar/2033	 	 	218,088,781	  	 	 	222,088,334	  
	Mar/2033	 	Apr/2033	 	 	216,914,263	  	 	 	220,750,459	  
	Apr/2033	 	May/2033	 	 	215,716,950	  	 	 	219,391,812	  
	May/2033	 	Jun/2033	 	 	214,427,884	  	 	 	217,943,385	  
	Jun/2033	 	Jul/2033	 	 	213,348,355	  	 	 	216,706,575	  
	Jul/2033	 	Aug/2033	 	 	211,207,624	  	 	 	214,410,680	  
	Aug/2033	 	Sep/2033	 	 	209,163,918	  	 	 	212,213,815	  
	Sep/2033	 	Oct/2033	 	 	208,070,432	  	 	 	210,969,178	  
	Oct/2033	 	Nov/2033	 	 	206,511,241	  	 	 	209,260,806	  
	Nov/2033	 	Dec/2033	 	 	205,183,344	  	 	 	207,785,859	  
	Dec/2033	 	Jan/2034	 	 	202,830,538	  	 	 	205,288,148	  
	Jan/2034	 	Feb/2034	 	 	201,899,833	  	 	 	204,214,747	  
	Feb/2034	 	Mar/2034	 	 	200,728,264	  	 	 	202,902,968	  
	Mar/2034	 	Apr/2034	 	 	198,476,755	  	 	 	200,514,537	  
	Apr/2034	 	May/2034	 	 	197,534,240	  	 	 	199,438,424	  
	May/2034	 	Jun/2034	 	 	196,594,143	  	 	 	198,367,154	  
	Jun/2034	 	Jul/2034	 	 	195,536,593	  	 	 	197,180,978	  
	Jul/2034	 	Aug/2034	 	 	187,274,121	  	 	 	188,793,397	  
	Aug/2034	 	Sep/2034	 	 	185,384,126	  	 	 	186,784,101	  
	Sep/2034	 	Oct/2034	 	 	183,353,499	  	 	 	184,639,507	  
	Oct/2034	 	Nov/2034	 	 	180,270,974	  	 	 	181,448,310	  
	Nov/2034	 	Dec/2034	 	 	178,420,304	  	 	 	179,494,084	  
	Dec/2034	 	Jan/2035	 	 	177,363,862	  	 	 	178,343,105	  
	Jan/2035	 	Feb/2035	 	 	173,563,110	  	 	 	174,454,191	  

  
 114 

											
	 From and including the

State Payment Date falling

in:
	 	Up to and excluding the
State 
Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Feb/2035	 	Mar/2035	 	 	172,313,479	  	 	 	173,118,816	  
	Mar/2035	 	Apr/2035	 	 	170,634,378	  	 	 	171,356,083	  
	Apr/2035	 	May/2035	 	 	166,677,662	  	 	 	167,318,160	  
	May/2035	 	Jun/2035	 	 	162,661,322	  	 	 	163,223,682	  
	Jun/2035	 	Jul/2035	 	 	161,273,866	  	 	 	161,764,728	  
	Jul/2035	 	Aug/2035	 	 	155,616,610	  	 	 	156,043,600	  
	Aug/2035	 	Sep/2035	 	 	152,924,686	  	 	 	153,296,846	  
	Sep/2035	 	Oct/2035	 	 	149,208,996	  	 	 	149,533,446	  
	Oct/2035	 	Nov/2035	 	 	147,140,812	  	 	 	147,426,411	  
	Nov/2035	 	Dec/2035	 	 	141,197,122	  	 	 	141,447,125	  
	Dec/2035	 	Jan/2036	 	 	136,246,837	  	 	 	136,464,016	  
	Jan/2036	 	Feb/2036	 	 	132,117,867	  	 	 	132,307,897	  
	Feb/2036	 	Mar/2036	 	 	124,150,673	  	 	 	124,314,859	  
	Mar/2036	 	Apr/2036	 	 	120,282,175	  	 	 	120,421,078	  
	Apr/2036	 	May/2036	 	 	117,598,333	  	 	 	117,709,810	  
	May/2036	 	Jun/2036	 	 	111,077,306	  	 	 	111,175,105	  
	Jun/2036	 	Jul/2036	 	 	108,668,755	  	 	 	108,754,923	  
	Jul/2036	 	Aug/2036	 	 	106,311,912	  	 	 	106,386,143	  
	Aug/2036	 	Sep/2036	 	 	105,385,045	  	 	 	105,447,594	  
	Sep/2036	 	Oct/2036	 	 	103,438,616	  	 	 	103,490,374	  
	Oct/2036	 	Nov/2036	 	 	99,500,668	  	 	 	99,541,876	  
	Nov/2036	 	Dec/2036	 	 	97,751,832	  	 	 	97,782,801	  
	Dec/2036	 	Jan/2037	 	 	89,803,129	  	 	 	89,824,278	  
	Jan/2037	 	Feb/2037	 	 	82,501,365	  	 	 	82,513,498	  
	Feb/2037	 	Mar/2037	 	 	77,638,469	  	 	 	77,643,412	  
	Mar/2037	 	Apr/2037	 	 	70,544,260	  	 	 	70,545,503	  
	Apr/2037	 	May/2037	 	 	67,497,264	  	 	 	67,498,130	  
	May/2037	 	Jun/2037	 	 	63,701,463	  	 	 	63,702,292	  
	Jun/2037	 	Jul/2037	 	 	60,583,854	  	 	 	60,584,663	  
	Jul/2037	 	Aug/2037	 	 	54,969,464	  	 	 	54,970,253	  
	Aug/2037	 	Sep/2037	 	 	53,820,743	  	 	 	53,821,513	  
	Sep/2037	 	Oct/2037	 	 	43,653,548	  	 	 	43,654,298	  
	Oct/2037	 	Nov/2037	 	 	38,629,496	  	 	 	38,630,229	  
	Nov/2037	 	Dec/2037	 	 	36,871,189	  	 	 	36,871,912	  
	Dec/2037	 	Jan/2038	 	 	33,975,770	  	 	 	33,976,482	  
	Jan/2038	 	Feb/2038	 	 	33,340,778	  	 	 	33,341,480	  
	Feb/2038	 	Mar/2038	 	 	31,143,892	  	 	 	31,144,583	  
	Mar/2038	 	Apr/2038	 	 	31,029,895	  	 	 	31,030,576	  
	Apr/2038	 	May/2038	 	 	29,710,531	  	 	 	29,711,201	  
	May/2038	 	Jun/2038	 	 	28,556,360	  	 	 	28,557,020	  
	Jun/2038	 	Jul/2038	 	 	28,315,292	  	 	 	28,315,941	  
	Jul/2038	 	Aug/2038	 	 	22,024,874	  	 	 	22,025,513	  
	Aug/2038	 	Sep/2038	 	 	19,248,902	  	 	 	19,249,532	  
	Sep/2038	 	Oct/2038	 	 	16,724,896	  	 	 	16,725,515	  
	Oct/2038	 	Nov/2038	 	 	15,403,716	  	 	 	15,404,326	  

  
 115 

											
	 From and including the

State Payment Date falling

in:
	 	Up to and excluding the
State 
Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Nov/2038	 	Dec/2038	 	 	12,641,431	  	 	 	12,642,031	  
	Dec/2038	 	Jan/2039	 	 	9,109,962	  	 	 	9,110,553	  
	Jan/2039	 	Feb/2039	 	 	7,753,093	  	 	 	7,753,674	  
	Feb/2039	 	Mar/2039	 	 	6,707,877	  	 	 	6,708,448	  
	Mar/2039	 	Apr/2039	 	 	5,629,622	  	 	 	5,630,184	  
	Apr/2039	 	May/2039	 	 	3,281,265	  	 	 	3,281,818	  
	May/2039	 	Jun/2039	 	 	3,281,016	  	 	 	3,281,559	  
	Jun/2039	 	Jul/2039	 	 	3,280,766	  	 	 	3,281,300	  
	Jul/2039	 	Aug/2039	 	 	3,280,517	  	 	 	3,281,041	  
	Aug/2039	 	Sep/2039	 	 	3,280,267	  	 	 	3,280,783	  
	Sep/2039	 	Oct/2039	 	 	3,280,017	  	 	 	3,280,524	  
	Oct/2039	 	Nov/2039	 	 	3,279,804	  	 	 	3,280,302	  
	Nov/2039	 	Dec/2039	 	 	3,279,554	  	 	 	3,280,043	  
	Dec/2039	 	Jan/2040	 	 	3,279,305	  	 	 	3,279,785	  
	Jan/2040	 	Feb/2040	 	 	3,279,091	  	 	 	3,279,563	  
	Feb/2040	 	Mar/2040	 	 	3,278,877	  	 	 	3,279,340	  
	Mar/2040	 	Apr/2040	 	 	3,278,628	  	 	 	3,279,082	  
	Apr/2040	 	May/2040	 	 	3,278,378	  	 	 	3,278,824	  
	May/2040	 	Jun/2040	 	 	3,278,164	  	 	 	3,278,602	  
	Jun/2040	 	Jul/2040	 	 	3,277,987	  	 	 	3,278,416	  
	Jul/2040	 	Aug/2040	 	 	3,277,737	  	 	 	3,278,158	  
	Aug/2040	 	Sep/2040	 	 	3,277,523	  	 	 	3,277,936	  
	Sep/2040	 	Oct/2040	 	 	3,277,309	  	 	 	3,277,714	  
	Oct/2040	 	Nov/2040	 	 	3,277,095	  	 	 	3,277,492	  
	Nov/2040	 	Dec/2040	 	 	3,276,881	  	 	 	3,277,270	  
	Dec/2040	 	Jan/2041	 	 	3,276,668	  	 	 	3,277,048	  
	Jan/2041	 	Feb/2041	 	 	3,276,490	  	 	 	3,276,863	  
	Feb/2041	 	Mar/2041	 	 	3,276,276	  	 	 	3,276,641	  
	Mar/2041	 	Apr/2041	 	 	3,276,098	  	 	 	3,276,456	  
	Apr/2041	 	May/2041	 	 	3,275,848	  	 	 	3,276,198	  
	May/2041	 	Jun/2041	 	 	3,275,670	  	 	 	3,276,013	  
	Jun/2041	 	Jul/2041	 	 	3,275,492	  	 	 	3,275,827	  
	Jul/2041	 	Aug/2041	 	 	3,275,278	  	 	 	3,275,606	  
	Aug/2041	 	Sep/2041	 	 	3,275,100	  	 	 	3,275,421	  
	Sep/2041	 	Oct/2041	 	 	3,274,886	  	 	 	3,275,199	  
	Oct/2041	 	Nov/2041	 	 	3,274,708	  	 	 	3,275,014	  
	Nov/2041	 	Dec/2041	 	 	3,274,530	  	 	 	3,274,829	  
	Dec/2041	 	Jan/2042	 	 	3,274,352	  	 	 	3,274,644	  
	Jan/2042	 	Feb/2042	 	 	3,274,174	  	 	 	3,274,459	  
	Feb/2042	 	Mar/2042	 	 	3,273,996	  	 	 	3,274,274	  
	Mar/2042	 	Apr/2042	 	 	3,273,818	  	 	 	3,274,089	  
	Apr/2042	 	May/2042	 	 	3,273,640	  	 	 	3,273,904	  
	May/2042	 	Jun/2042	 	 	3,273,462	  	 	 	3,273,719	  
	Jun/2042	 	Jul/2042	 	 	3,273,284	  	 	 	3,273,534	  
	Jul/2042	 	Aug/2042	 	 	3,273,142	  	 	 	3,273,385	  

  
 116 

											
	 From and including the

State Payment Date falling

in:
	 	Up to and excluding the
State 
Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Aug/2042	 	Sep/2042	 	 	3,272,964	  	 	 	3,273,201	  
	Sep/2042	 	Oct/2042	 	 	3,272,822	  	 	 	3,273,052	  
	Oct/2042	 	Nov/2042	 	 	3,272,607	  	 	 	3,272,831	  
	Nov/2042	 	Dec/2042	 	 	3,272,465	  	 	 	3,272,683	  
	Dec/2042	 	Jan/2043	 	 	3,272,287	  	 	 	3,272,498	  
	Jan/2043	 	Feb/2043	 	 	3,272,145	  	 	 	3,272,350	  
	Feb/2043	 	Mar/2043	 	 	3,272,002	  	 	 	3,272,201	  
	Mar/2043	 	Apr/2043	 	 	3,271,824	  	 	 	3,272,017	  
	Apr/2043	 	May/2043	 	 	3,271,682	  	 	 	3,271,868	  
	May/2043	 	Jun/2043	 	 	3,271,540	  	 	 	3,271,720	  
	Jun/2043	 	Jul/2043	 	 	3,271,361	  	 	 	3,271,536	  
	Jul/2043	 	Aug/2043	 	 	3,271,219	  	 	 	3,271,387	  
	Aug/2043	 	Sep/2043	 	 	3,271,077	  	 	 	3,271,239	  
	Sep/2043	 	Oct/2043	 	 	3,270,934	  	 	 	3,271,091	  
	Oct/2043	 	Nov/2043	 	 	3,270,792	  	 	 	3,270,943	  
	Nov/2043	 	Dec/2043	 	 	3,270,650	  	 	 	3,270,795	  
	Dec/2043	 	Jan/2044	 	 	3,270,507	  	 	 	3,270,647	  
	Jan/2044	 	Feb/2044	 	 	3,270,365	  	 	 	3,270,499	  
	Feb/2044	 	Mar/2044	 	 	3,270,222	  	 	 	3,270,351	  
	Mar/2044	 	Apr/2044	 	 	3,270,116	  	 	 	3,270,239	  
	Apr/2044	 	May/2044	 	 	3,269,937	  	 	 	3,270,055	  
	May/2044	 	Jun/2044	 	 	3,269,795	  	 	 	3,269,907	  
	Jun/2044	 	Jul/2044	 	 	3,269,688	  	 	 	3,269,795	  
	Jul/2044	 	Aug/2044	 	 	3,269,546	  	 	 	3,269,647	  
	Aug/2044	 	Sep/2044	 	 	3,269,403	  	 	 	3,269,500	  
	Sep/2044	 	Oct/2044	 	 	3,269,297	  	 	 	3,269,388	  
	Oct/2044	 	Nov/2044	 	 	3,269,154	  	 	 	3,269,240	  
	Nov/2044	 	Dec/2044	 	 	3,269,048	  	 	 	3,269,129	  
	Dec/2044	 	Jan/2045	 	 	3,268,942	  	 	 	3,269,017	  
	Jan/2045	 	Feb/2045	 	 	3,268,799	  	 	 	3,268,870	  
	Feb/2045	 	Mar/2045	 	 	3,268,692	  	 	 	3,268,758	  
	Mar/2045	 	Apr/2045	 	 	3,268,550	  	 	 	3,268,611	  
	Apr/2045	 	May/2045	 	 	3,268,443	  	 	 	3,268,499	  
	May/2045	 	Jun/2045	 	 	3,268,300	  	 	 	3,268,352	  
	Jun/2045	 	Jul/2045	 	 	3,268,194	  	 	 	3,268,240	  
	Jul/2045	 	Aug/2045	 	 	3,268,087	  	 	 	3,268,129	  
	Aug/2045	 	Sep/2045	 	 	3,267,980	  	 	 	3,268,018	  
	Sep/2045	 	Oct/2045	 	 	3,267,874	  	 	 	3,267,907	  
	Oct/2045	 	Nov/2045	 	 	3,267,767	  	 	 	3,267,796	  
	Nov/2045	 	Dec/2045	 	 	3,267,661	  	 	 	3,267,684	  
	Dec/2045	 	Jan/2046	 	 	3,267,554	  	 	 	3,267,573	  
	Jan/2046	 	Feb/2046	 	 	3,267,447	  	 	 	3,267,462	  
	Feb/2046	 	Mar/2046	 	 	3,267,377	  	 	 	3,267,387	  
	Mar/2046	 	Apr/2046	 	 	3,267,270	  	 	 	3,267,276	  
	Apr/2046	 	May/2046	 	 	3,266,945	  	 	 	3,266,947	  

  
 117 

											
	 From and including the

State Payment Date falling

in:
	 	Up to and excluding the
State 
Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	May/2046	 	Jun/2046	 	 	3,266,837	  	 	 	3,266,837	  
	Jun/2046	 	Jul/2046	 	 	3,093,366	  	 	 	3,093,366	  
	Jul/2046	 	Aug/2046	 	 	3,093,293	  	 	 	3,093,293	  
	Aug/2046	 	Sep/2046	 	 	3,093,185	  	 	 	3,093,185	  
	Sep/2046	 	Oct/2046	 	 	3,093,112	  	 	 	3,093,112	  
	Oct/2046	 	Nov/2046	 	 	3,093,003	  	 	 	3,093,003	  
	Nov/2046	 	Dec/2046	 	 	3,092,930	  	 	 	3,092,930	  
	Dec/2046	 	Jan/2047	 	 	3,092,858	  	 	 	3,092,858	  
	Jan/2047	 	Feb/2047	 	 	3,092,749	  	 	 	3,092,749	  
	Feb/2047	 	Mar/2047	 	 	3,092,676	  	 	 	3,092,676	  
	Mar/2047	 	Apr/2047	 	 	3,092,604	  	 	 	3,092,604	  
	Apr/2047	 	May/2047	 	 	3,092,531	  	 	 	3,092,531	  
	May/2047	 	Jun/2047	 	 	3,092,495	  	 	 	3,092,495	  
	Jun/2047	 	Jul/2047	 	 	3,092,458	  	 	 	3,092,458	  
	Jul/2047	 	Aug/2047	 	 	3,092,458	  	 	 	3,092,458	  
	Aug/2047	 	Sep/2047	 	 	3,092,458	  	 	 	3,092,458	  
	Sep/2047	 	Oct/2047	 	 	—   	  	 	 	—   	  
	Oct/2047	 	Nov/2047	 	 	—   	  	 	 	—   	  
	Nov/2047	 	Dec/2047	 	 	—   	  	 	 	—   	  
	Dec/2047	 	Jan/2048	 	 	—   	  	 	 	—   	  
	Jan/2048	 	Feb/2048	 	 	—   	  	 	 	—   	  
	Feb/2048	 	Mar/2048	 	 	—   	  	 	 	—   	  
	Mar/2048	 	Apr/2048	 	 	—   	  	 	 	—   	  
	Apr/2048	 	May/2048	 	 	—   	  	 	 	—   	  
	May/2048	 	Jun/2048	 	 	—   	  	 	 	—   	  
	Jun/2048	 	Jul/2048	 	 	—   	  	 	 	—   	  
	Jul/2048	 	Aug/2048	 	 	—   	  	 	 	—   	  
	Aug/2048	 	Sep/2048	 	 	—   	  	 	 	—   	  
	Sep/2048	 	Oct/2048	 	 	—   	  	 	 	—   	  
	Oct/2048	 	Nov/2048	 	 	—   	  	 	 	—   	  
	Nov/2048	 	Dec/2048	 	 	—   	  	 	 	—   	  

  
 118 

 SCHEDULE 4 
 FLOATING RATE MINIMUM AND MAXIMUM GUARANTEED VALUES 
  

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Apr/2009	 	May/2009	 	 	12,471,942,421	  	 	 	12,751,797,796	  
	May/2009	 	Jun/2009	 	 	12,275,244,174	  	 	 	12,778,659,290	  
	Jun/2009	 	Jul/2009	 	 	12,101,187,452	  	 	 	12,786,700,063	  
	Jul/2009	 	Aug/2009	 	 	11,908,734,492	  	 	 	12,767,585,689	  
	Aug/2009	 	Sep/2009	 	 	11,692,932,459	  	 	 	12,713,006,744	  
	Sep/2009	 	Oct/2009	 	 	11,448,120,972	  	 	 	12,697,223,987	  
	Oct/2009	 	Nov/2009	 	 	11,245,762,344	  	 	 	12,665,830,011	  
	Nov/2009	 	Dec/2009	 	 	11,039,158,430	  	 	 	12,606,846,469	  
	Dec/2009	 	Jan/2010	 	 	10,848,120,565	  	 	 	12,653,369,883	  
	Jan/2010	 	Feb/2010	 	 	10,672,648,748	  	 	 	12,650,877,216	  
	Feb/2010	 	Mar/2010	 	 	10,490,101,454	  	 	 	12,671,363,708	  
	Mar/2010	 	Apr/2010	 	 	10,333,025,876	  	 	 	12,713,242,536	  
	Apr/2010	 	May/2010	 	 	10,191,516,346	  	 	 	12,745,771,171	  
	May/2010	 	Jun/2010	 	 	10,029,487,934	  	 	 	12,784,151,325	  
	Jun/2010	 	Jul/2010	 	 	9,895,761,428	  	 	 	13,057,593,177	  
	Jul/2010	 	Aug/2010	 	 	9,922,648,239	  	 	 	13,138,958,486	  
	Aug/2010	 	Sep/2010	 	 	9,812,978,353	  	 	 	13,155,968,606	  
	Sep/2010	 	Oct/2010	 	 	9,670,053,728	  	 	 	13,221,497,124	  
	Oct/2010	 	Nov/2010	 	 	9,553,308,366	  	 	 	13,186,320,727	  
	Nov/2010	 	Dec/2010	 	 	9,367,930,882	  	 	 	13,171,073,486	  
	Dec/2010	 	Jan/2011	 	 	9,190,336,422	  	 	 	13,099,261,837	  
	Jan/2011	 	Feb/2011	 	 	8,989,392,889	  	 	 	13,012,178,081	  
	Feb/2011	 	Mar/2011	 	 	8,781,373,880	  	 	 	12,922,120,763	  
	Mar/2011	 	Apr/2011	 	 	8,574,062,419	  	 	 	12,857,613,828	  
	Apr/2011	 	May/2011	 	 	8,392,930,220	  	 	 	12,763,760,576	  
	May/2011	 	Jun/2011	 	 	8,194,109,331	  	 	 	12,666,044,072	  
	Jun/2011	 	Jul/2011	 	 	7,994,580,894	  	 	 	12,568,532,038	  
	Jul/2011	 	Aug/2011	 	 	7,802,127,933	  	 	 	12,468,455,113	  
	Aug/2011	 	Sep/2011	 	 	7,611,090,068	  	 	 	12,393,099,571	  
	Sep/2011	 	Oct/2011	 	 	7,442,693,727	  	 	 	12,299,267,891	  
	Oct/2011	 	Nov/2011	 	 	7,264,391,719	  	 	 	12,215,174,893	  
	Nov/2011	 	Dec/2011	 	 	7,095,995,379	  	 	 	12,142,931,160	  
	Dec/2011	 	Jan/2012	 	 	6,939,556,593	  	 	 	12,037,257,307	  
	Jan/2012	 	Feb/2012	 	 	6,767,481,005	  	 	 	11,959,054,755	  
	Feb/2012	 	Mar/2012	 	 	6,617,197,884	  	 	 	11,879,335,190	  
	Mar/2012	 	Apr/2012	 	 	6,520,688,385	  	 	 	11,745,069,095	  
	Apr/2012	 	May/2012	 	 	6,399,626,982	  	 	 	11,876,250,832	  
	May/2012	 	Jun/2012	 	 	6,424,108,130	  	 	 	11,872,739,914	  
	Jun/2012	 	Jul/2012	 	 	6,391,914,712	  	 	 	11,767,872,047	  

  
 119 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Jul/2012	 	Aug/2012	 	 	6,305,098,616	  	 	 	11,777,434,846	  
	Aug/2012	 	Sep/2012	 	 	6,283,942,941	  	 	 	11,603,790,870	  
	Sep/2012	 	Oct/2012	 	 	6,167,975,881	  	 	 	11,384,962,851	  
	Oct/2012	 	Nov/2012	 	 	6,029,650,316	  	 	 	11,277,416,663	  
	Nov/2012	 	Dec/2012	 	 	5,928,046,473	  	 	 	11,053,663,471	  
	Dec/2012	 	Jan/2013	 	 	5,794,815,251	  	 	 	10,975,507,103	  
	Jan/2013	 	Feb/2013	 	 	5,722,433,126	  	 	 	10,803,689,609	  
	Feb/2013	 	Mar/2013	 	 	5,625,569,853	  	 	 	10,675,218,625	  
	Mar/2013	 	Apr/2013	 	 	5,554,956,598	  	 	 	10,510,593,076	  
	Apr/2013	 	May/2013	 	 	5,463,187,667	  	 	 	10,290,250,385	  
	May/2013	 	Jun/2013	 	 	5,343,187,586	  	 	 	10,088,290,748	  
	Jun/2013	 	Jul/2013	 	 	5,228,069,583	  	 	 	9,859,357,843	  
	Jul/2013	 	Aug/2013	 	 	5,113,093,090	  	 	 	9,651,561,724	  
	Aug/2013	 	Sep/2013	 	 	5,010,993,965	  	 	 	9,455,993,738	  
	Sep/2013	 	Oct/2013	 	 	4,918,305,222	  	 	 	9,255,689,826	  
	Oct/2013	 	Nov/2013	 	 	4,827,951,388	  	 	 	9,082,350,801	  
	Nov/2013	 	Dec/2013	 	 	4,755,215,489	  	 	 	8,965,595,144	  
	Dec/2013	 	Jan/2014	 	 	4,687,927,708	  	 	 	8,753,756,641	  
	Jan/2014	 	Feb/2014	 	 	4,597,007,835	  	 	 	8,555,666,180	  
	Feb/2014	 	Mar/2014	 	 	4,517,337,969	  	 	 	8,487,741,606	  
	Mar/2014	 	Apr/2014	 	 	4,438,021,878	  	 	 	8,496,232,177	  
	Apr/2014	 	May/2014	 	 	4,406,819,026	  	 	 	8,430,430,246	  
	May/2014	 	Jun/2014	 	 	4,334,224,638	  	 	 	8,459,439,700	  
	Jun/2014	 	Jul/2014	 	 	4,317,951,042	  	 	 	8,363,920,767	  
	Jul/2014	 	Aug/2014	 	 	4,230,781,171	  	 	 	8,281,137,692	  
	Aug/2014	 	Sep/2014	 	 	4,151,677,344	  	 	 	8,187,033,854	  
	Sep/2014	 	Oct/2014	 	 	4,067,408,419	  	 	 	8,094,345,112	  
	Oct/2014	 	Nov/2014	 	 	3,985,757,420	  	 	 	8,003,071,465	  
	Nov/2014	 	Dec/2014	 	 	3,906,299,819	  	 	 	7,913,212,914	  
	Dec/2014	 	Jan/2015	 	 	3,828,540,332	  	 	 	7,824,769,458	  
	Jan/2015	 	Feb/2015	 	 	3,752,691,224	  	 	 	7,737,033,549	  
	Feb/2015	 	Mar/2015	 	 	3,679,530,797	  	 	 	7,679,014,642	  
	Mar/2015	 	Apr/2015	 	 	3,622,077,928	  	 	 	7,594,816,472	  
	Apr/2015	 	May/2015	 	 	3,554,860,902	  	 	 	7,511,325,849	  
	May/2015	 	Jun/2015	 	 	3,486,794,818	  	 	 	7,490,806,967	  
	Jun/2015	 	Jul/2015	 	 	3,444,624,978	  	 	 	7,414,391,821	  
	Jul/2015	 	Aug/2015	 	 	3,383,209,842	  	 	 	7,333,731,389	  
	Aug/2015	 	Sep/2015	 	 	3,320,025,837	  	 	 	7,357,080,461	  
	Sep/2015	 	Oct/2015	 	 	3,301,488,088	  	 	 	7,308,259,674	  
	Oct/2015	 	Nov/2015	 	 	3,249,766,355	  	 	 	7,373,354,057	  
	Nov/2015	 	Dec/2015	 	 	3,254,789,943	  	 	 	7,308,259,674	  
	Dec/2015	 	Jan/2016	 	 	3,197,549,338	  	 	 	7,255,193,600	  
	Jan/2016	 	Feb/2016	 	 	3,144,129,491	  	 	 	7,185,853,930	  
	Feb/2016	 	Mar/2016	 	 	3,092,620,022	  	 	 	7,120,051,999	  
	Mar/2016	 	Apr/2016	 	 	3,038,421,872	  	 	 	7,041,584,964	  

  
 120 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Apr/2016	 	May/2016	 	 	2,983,728,439	  	 	 	6,978,188,695	  
	May/2016	 	Jun/2016	 	 	2,932,360,479	  	 	 	6,924,556,583	  
	Jun/2016	 	Jul/2016	 	 	2,888,704,789	  	 	 	6,929,367,907	  
	Jul/2016	 	Aug/2016	 	 	2,866,558,548	  	 	 	6,888,188,634	  
	Aug/2016	 	Sep/2016	 	 	2,825,308,520	  	 	 	6,824,650,855	  
	Sep/2016	 	Oct/2016	 	 	2,775,780,184	  	 	 	6,761,183,831	  
	Oct/2016	 	Nov/2016	 	 	2,732,973,552	  	 	 	6,715,971,536	  
	Nov/2016	 	Dec/2016	 	 	2,693,987,676	  	 	 	6,735,216,832	  
	Dec/2016	 	Jan/2017	 	 	2,658,964,067	  	 	 	6,739,037,589	  
	Jan/2017	 	Feb/2017	 	 	2,627,761,216	  	 	 	6,786,372,527	  
	Feb/2017	 	Mar/2017	 	 	2,624,506,497	  	 	 	6,712,221,533	  
	Mar/2017	 	Apr/2017	 	 	2,578,869,674	  	 	 	6,638,707,333	  
	Apr/2017	 	May/2017	 	 	2,533,940,398	  	 	 	6,645,499,790	  
	May/2017	 	Jun/2017	 	 	2,522,619,635	  	 	 	6,583,447,861	  
	Jun/2017	 	Jul/2017	 	 	2,482,218,665	  	 	 	6,512,551,587	  
	Jul/2017	 	Aug/2017	 	 	2,438,633,729	  	 	 	6,442,221,350	  
	Aug/2017	 	Sep/2017	 	 	2,395,614,832	  	 	 	6,372,457,152	  
	Sep/2017	 	Oct/2017	 	 	2,353,303,483	  	 	 	6,303,329,747	  
	Oct/2017	 	Nov/2017	 	 	2,311,911,945	  	 	 	6,235,192,908	  
	Nov/2017	 	Dec/2017	 	 	2,271,369,465	  	 	 	6,167,905,127	  
	Dec/2017	 	Jan/2018	 	 	2,231,817,551	  	 	 	6,102,173,950	  
	Jan/2018	 	Feb/2018	 	 	2,193,043,940	  	 	 	6,038,070,133	  
	Feb/2018	 	Mar/2018	 	 	2,155,119,386	  	 	 	5,975,027,637	  
	Mar/2018	 	Apr/2018	 	 	2,118,043,889	  	 	 	5,912,834,199	  
	Apr/2018	 	May/2018	 	 	2,081,675,940	  	 	 	5,851,843,591	  
	May/2018	 	Jun/2018	 	 	2,046,157,048	  	 	 	5,791,772,796	  
	Jun/2018	 	Jul/2018	 	 	2,011,345,704	  	 	 	5,732,338,793	  
	Jul/2018	 	Aug/2018	 	 	1,977,312,662	  	 	 	5,673,470,829	  
	Aug/2018	 	Sep/2018	 	 	1,944,057,922	  	 	 	5,614,673,619	  
	Sep/2018	 	Oct/2018	 	 	1,911,581,485	  	 	 	5,556,796,221	  
	Oct/2018	 	Nov/2018	 	 	1,879,741,841	  	 	 	5,499,343,352	  
	Nov/2018	 	Dec/2018	 	 	1,848,609,744	  	 	 	5,442,385,767	  
	Dec/2018	 	Jan/2019	 	 	1,818,043,686	  	 	 	5,385,994,219	  
	Jan/2019	 	Feb/2019	 	 	1,788,043,665	  	 	 	5,330,451,728	  
	Feb/2019	 	Mar/2019	 	 	1,758,680,438	  	 	 	5,275,616,786	  
	Mar/2019	 	Apr/2019	 	 	1,730,024,758	  	 	 	5,221,347,881	  
	Apr/2019	 	May/2019	 	 	1,701,864,362	  	 	 	5,167,715,769	  
	May/2019	 	Jun/2019	 	 	1,674,270,003	  	 	 	5,114,791,205	  
	Jun/2019	 	Jul/2019	 	 	1,647,241,683	  	 	 	5,062,432,679	  
	Jul/2019	 	Aug/2019	 	 	1,620,779,401	  	 	 	5,010,498,681	  
	Aug/2019	 	Sep/2019	 	 	1,594,883,157	  	 	 	4,958,989,212	  
	Sep/2019	 	Oct/2019	 	 	1,568,916,158	  	 	 	4,907,975,027	  
	Oct/2019	 	Nov/2019	 	 	1,543,373,688	  	 	 	4,857,456,125	  
	Nov/2019	 	Dec/2019	 	 	1,518,397,256	  	 	 	4,807,432,506	  
	Dec/2019	 	Jan/2020	 	 	1,493,916,108	  	 	 	4,757,904,170	  

  
 121 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Jan/2020	 	Feb/2020	 	 	1,469,930,242	  	 	 	4,708,871,118	  
	Feb/2020	 	Mar/2020	 	 	1,446,439,660	  	 	 	4,660,333,349	  
	Mar/2020	 	Apr/2020	 	 	1,423,373,607	  	 	 	4,612,220,109	  
	Apr/2020	 	May/2020	 	 	1,400,802,837	  	 	 	4,564,319,133	  
	May/2020	 	Jun/2020	 	 	1,378,656,595	  	 	 	4,517,125,705	  
	Jun/2020	 	Jul/2020	 	 	1,356,934,883	  	 	 	4,470,710,579	  
	Jul/2020	 	Aug/2020	 	 	1,335,708,453	  	 	 	4,424,649,227	  
	Aug/2020	 	Sep/2020	 	 	1,314,977,307	  	 	 	4,379,224,668	  
	Sep/2020	 	Oct/2020	 	 	1,294,599,935	  	 	 	4,334,083,128	  
	Oct/2020	 	Nov/2020	 	 	1,274,717,846	  	 	 	4,289,507,626	  
	Nov/2020	 	Dec/2020	 	 	1,255,260,285	  	 	 	4,245,427,408	  
	Dec/2020	 	Jan/2021	 	 	1,236,156,499	  	 	 	4,201,700,963	  
	Jan/2021	 	Feb/2021	 	 	1,217,406,486	  	 	 	4,158,682,066	  
	Feb/2021	 	Mar/2021	 	 	1,199,081,002	  	 	 	4,116,016,942	  
	Mar/2021	 	Apr/2021	 	 	1,181,180,046	  	 	 	4,073,847,103	  
	Apr/2021	 	May/2021	 	 	1,163,562,110	  	 	 	4,031,889,527	  
	May/2021	 	Jun/2021	 	 	1,146,227,192	  	 	 	3,990,356,480	  
	Jun/2021	 	Jul/2021	 	 	1,129,246,049	  	 	 	3,949,035,697	  
	Jul/2021	 	Aug/2021	 	 	1,112,547,924	  	 	 	3,908,139,443	  
	Aug/2021	 	Sep/2021	 	 	1,096,203,574	  	 	 	3,867,526,208	  
	Sep/2021	 	Oct/2021	 	 	1,080,212,997	  	 	 	3,827,125,237	  
	Oct/2021	 	Nov/2021	 	 	1,064,505,439	  	 	 	3,787,431,814	  
	Nov/2021	 	Dec/2021	 	 	1,049,151,655	  	 	 	3,747,950,655	  
	Dec/2021	 	Jan/2022	 	 	1,034,222,400	  	 	 	3,708,894,025	  
	Jan/2022	 	Feb/2022	 	 	1,019,576,163	  	 	 	3,670,261,923	  
	Feb/2022	 	Mar/2022	 	 	1,005,212,946	  	 	 	3,632,195,860	  
	Mar/2022	 	Apr/2022	 	 	991,203,502	  	 	 	3,594,059,041	  
	Apr/2022	 	May/2022	 	 	977,406,323	  	 	 	3,555,992,978	  
	May/2022	 	Jun/2022	 	 	963,962,918	  	 	 	3,518,351,443	  
	Jun/2022	 	Jul/2022	 	 	950,802,532	  	 	 	3,481,134,436	  
	Jul/2022	 	Aug/2022	 	 	937,925,164	  	 	 	3,444,341,959	  
	Aug/2022	 	Sep/2022	 	 	925,260,061	  	 	 	3,407,903,255	  
	Sep/2022	 	Oct/2022	 	 	912,948,732	  	 	 	3,371,606,060	  
	Oct/2022	 	Nov/2022	 	 	900,778,913	  	 	 	3,335,379,621	  
	Nov/2022	 	Dec/2022	 	 	888,962,867	  	 	 	3,299,436,200	  
	Dec/2022	 	Jan/2023	 	 	877,359,086	  	 	 	3,263,846,553	  
	Jan/2023	 	Feb/2023	 	 	865,896,814	  	 	 	3,228,539,925	  
	Feb/2023	 	Mar/2023	 	 	854,717,561	  	 	 	3,193,516,317	  
	Mar/2023	 	Apr/2023	 	 	843,679,817	  	 	 	3,158,846,482	  
	Apr/2023	 	May/2023	 	 	832,995,848	  	 	 	3,124,601,176	  
	May/2023	 	Jun/2023	 	 	822,524,143	  	 	 	3,090,568,134	  
	Jun/2023	 	Jul/2023	 	 	812,264,702	  	 	 	3,056,959,620	  
	Jul/2023	 	Aug/2023	 	 	802,217,525	  	 	 	3,023,917,145	  
	Aug/2023	 	Sep/2023	 	 	792,382,613	  	 	 	2,991,086,934	  
	Sep/2023	 	Oct/2023	 	 	782,759,965	  	 	 	2,958,610,497	  

  
 122 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Oct/2023	 	Nov/2023	 	 	773,278,826	  	 	 	2,926,417,079	  
	Nov/2023	 	Dec/2023	 	 	764,080,707	  	 	 	2,894,435,925	  
	Dec/2023	 	Jan/2024	 	 	755,024,097	  	 	 	2,862,879,300	  
	Jan/2024	 	Feb/2024	 	 	746,108,997	  	 	 	2,831,605,694	  
	Feb/2024	 	Mar/2024	 	 	737,476,915	  	 	 	2,800,615,107	  
	Mar/2024	 	Apr/2024	 	 	728,915,589	  	 	 	2,769,978,294	  
	Apr/2024	 	May/2024	 	 	720,849,545	  	 	 	2,739,482,990	  
	May/2024	 	Jun/2024	 	 	712,854,257	  	 	 	2,709,270,705	  
	Jun/2024	 	Jul/2024	 	 	705,057,082	  	 	 	2,679,412,195	  
	Jul/2024	 	Aug/2024	 	 	697,458,020	  	 	 	2,649,765,948	  
	Aug/2024	 	Sep/2024	 	 	690,035,845	  	 	 	2,620,331,966	  
	Sep/2024	 	Oct/2024	 	 	682,769,331	  	 	 	2,591,322,512	  
	Oct/2024	 	Nov/2024	 	 	675,658,477	  	 	 	2,562,596,078	  
	Nov/2024	 	Dec/2024	 	 	668,703,284	  	 	 	2,534,011,153	  
	Dec/2024	 	Jan/2025	 	 	661,882,524	  	 	 	2,505,638,492	  
	Jan/2025	 	Feb/2025	 	 	655,210,350	  	 	 	2,477,548,850	  
	Feb/2025	 	Mar/2025	 	 	648,658,459	  	 	 	2,449,742,227	  
	Mar/2025	 	Apr/2025	 	 	642,255,153	  	 	 	2,422,218,624	  
	Apr/2025	 	May/2025	 	 	636,000,431	  	 	 	2,394,836,530	  
	May/2025	 	Jun/2025	 	 	629,865,993	  	 	 	2,367,737,455	  
	Jun/2025	 	Jul/2025	 	 	623,865,989	  	 	 	2,340,850,644	  
	Jul/2025	 	Aug/2025	 	 	617,993,344	  	 	 	2,314,246,853	  
	Aug/2025	 	Sep/2025	 	 	612,233,906	  	 	 	2,287,784,570	  
	Sep/2025	 	Oct/2025	 	 	606,623,053	  	 	 	2,261,605,307	  
	Oct/2025	 	Nov/2025	 	 	601,111,257	  	 	 	2,235,567,554	  
	Nov/2025	 	Dec/2025	 	 	595,712,668	  	 	 	2,209,812,819	  
	Dec/2025	 	Jan/2026	 	 	590,448,514	  	 	 	2,184,270,349	  
	Jan/2026	 	Feb/2026	 	 	585,375,397	  	 	 	2,159,010,898	  
	Feb/2026	 	Mar/2026	 	 	580,408,413	  	 	 	2,133,963,711	  
	Mar/2026	 	Apr/2026	 	 	575,575,862	  	 	 	2,109,199,544	  
	Apr/2026	 	May/2026	 	 	570,884,821	  	 	 	2,084,576,885	  
	May/2026	 	Jun/2026	 	 	566,321,139	  	 	 	2,060,237,246	  
	Jun/2026	 	Jul/2026	 	 	561,863,589	  	 	 	2,036,109,871	  
	Jul/2026	 	Aug/2026	 	 	557,533,397	  	 	 	2,012,053,251	  
	Aug/2026	 	Sep/2026	 	 	553,281,036	  	 	 	1,988,279,650	  
	Sep/2026	 	Oct/2026	 	 	549,127,731	  	 	 	1,964,789,068	  
	Oct/2026	 	Nov/2026	 	 	545,080,558	  	 	 	1,941,439,996	  
	Nov/2026	 	Dec/2026	 	 	541,146,593	  	 	 	1,918,373,943	  
	Dec/2026	 	Jan/2027	 	 	537,297,534	  	 	 	1,895,449,399	  
	Jan/2027	 	Feb/2027	 	 	533,554,607	  	 	 	1,872,878,629	  
	Feb/2027	 	Mar/2027	 	 	529,903,661	  	 	 	1,850,449,368	  
	Mar/2027	 	Apr/2027	 	 	526,316,395	  	 	 	1,828,232,372	  
	Apr/2027	 	May/2027	 	 	522,835,260	  	 	 	1,806,227,640	  
	May/2027	 	Jun/2027	 	 	519,424,881	  	 	 	1,784,576,682	  
	Jun/2027	 	Jul/2027	 	 	516,085,256	  	 	 	1,763,067,233	  

  
 123 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Jul/2027	 	Aug/2027	 	 	512,816,386	  	 	 	1,741,770,049	  
	Aug/2027	 	Sep/2027	 	 	509,597,044	  	 	 	1,720,685,129	  
	Sep/2027	 	Oct/2027	 	 	506,476,759	  	 	 	1,699,741,719	  
	Oct/2027	 	Nov/2027	 	 	503,434,304	  	 	 	1,679,010,573	  
	Nov/2027	 	Dec/2027	 	 	500,462,604	  	 	 	1,658,420,936	  
	Dec/2027	 	Jan/2028	 	 	497,561,658	  	 	 	1,638,043,564	  
	Jan/2028	 	Feb/2028	 	 	494,674,864	  	 	 	1,617,807,701	  
	Feb/2028	 	Mar/2028	 	 	491,844,673	  	 	 	1,597,784,102	  
	Mar/2028	 	Apr/2028	 	 	489,078,162	  	 	 	1,577,902,014	  
	Apr/2028	 	May/2028	 	 	486,439,009	  	 	 	1,558,302,944	  
	May/2028	 	Jun/2028	 	 	483,863,536	  	 	 	1,538,774,629	  
	Jun/2028	 	Jul/2028	 	 	481,344,666	  	 	 	1,519,387,823	  
	Jul/2028	 	Aug/2028	 	 	478,882,400	  	 	 	1,500,213,282	  
	Aug/2028	 	Sep/2028	 	 	476,476,738	  	 	 	1,481,251,005	  
	Sep/2028	 	Oct/2028	 	 	474,127,680	  	 	 	1,462,359,482	  
	Oct/2028	 	Nov/2028	 	 	471,828,150	  	 	 	1,443,680,224	  
	Nov/2028	 	Dec/2028	 	 	469,571,073	  	 	 	1,425,142,476	  
	Dec/2028	 	Jan/2029	 	 	467,370,600	  	 	 	1,406,816,992	  
	Jan/2029	 	Feb/2029	 	 	465,219,655	  	 	 	1,388,633,017	  
	Feb/2029	 	Mar/2029	 	 	463,125,314	  	 	 	1,370,590,552	  
	Mar/2029	 	Apr/2029	 	 	461,066,350	  	 	 	1,352,831,106	  
	Apr/2029	 	May/2029	 	 	459,063,991	  	 	 	1,335,213,170	  
	May/2029	 	Jun/2029	 	 	457,104,084	  	 	 	1,317,736,743	  
	Jun/2029	 	Jul/2029	 	 	455,172,479	  	 	 	1,300,472,580	  
	Jul/2029	 	Aug/2029	 	 	453,304,553	  	 	 	1,283,349,927	  
	Aug/2029	 	Sep/2029	 	 	451,486,155	  	 	 	1,266,368,783	  
	Sep/2029	 	Oct/2029	 	 	449,703,135	  	 	 	1,249,529,149	  
	Oct/2029	 	Nov/2029	 	 	447,962,568	  	 	 	1,232,831,025	  
	Nov/2029	 	Dec/2029	 	 	446,264,454	  	 	 	1,216,274,410	  
	Dec/2029	 	Jan/2030	 	 	444,601,717	  	 	 	1,199,930,059	  
	Jan/2030	 	Feb/2030	 	 	442,967,282	  	 	 	1,183,656,463	  
	Feb/2030	 	Mar/2030	 	 	441,368,224	  	 	 	1,167,595,131	  
	Mar/2030	 	Apr/2030	 	 	439,811,619	  	 	 	1,151,675,309	  
	Apr/2030	 	May/2030	 	 	438,290,392	  	 	 	1,135,896,997	  
	May/2030	 	Jun/2030	 	 	436,804,542	  	 	 	1,120,260,194	  
	Jun/2030	 	Jul/2030	 	 	435,354,069	  	 	 	1,104,835,655	  
	Jul/2030	 	Aug/2030	 	 	433,946,049	  	 	 	1,089,481,871	  
	Aug/2030	 	Sep/2030	 	 	432,566,331	  	 	 	1,074,269,597	  
	Sep/2030	 	Oct/2030	 	 	431,221,991	  	 	 	1,059,269,586	  
	Oct/2030	 	Nov/2030	 	 	429,905,952	  	 	 	1,044,340,331	  
	Nov/2030	 	Dec/2030	 	 	428,618,215	  	 	 	1,029,552,585	  
	Dec/2030	 	Jan/2031	 	 	427,351,705	  	 	 	1,014,906,349	  
	Jan/2031	 	Feb/2031	 	 	426,113,497	  	 	 	1,000,401,622	  
	Feb/2031	 	Mar/2031	 	 	424,917,741	  	 	 	986,038,405	  
	Mar/2031	 	Apr/2031	 	 	423,757,363	  	 	 	971,816,697	  

  
 124 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Apr/2031	 	May/2031	 	 	422,618,211	  	 	 	957,736,499	  
	May/2031	 	Jun/2031	 	 	421,521,512	  	 	 	943,797,810	  
	Jun/2031	 	Jul/2031	 	 	420,446,040	  	 	 	930,000,631	  
	Jul/2031	 	Aug/2031	 	 	419,398,869	  	 	 	916,274,206	  
	Aug/2031	 	Sep/2031	 	 	418,387,076	  	 	 	902,830,801	  
	Sep/2031	 	Oct/2031	 	 	417,396,509	  	 	 	889,670,415	  
	Oct/2031	 	Nov/2031	 	 	416,434,245	  	 	 	876,651,538	  
	Nov/2031	 	Dec/2031	 	 	415,471,980	  	 	 	863,774,171	  
	Dec/2031	 	Jan/2032	 	 	414,552,168	  	 	 	851,038,313	  
	Jan/2032	 	Feb/2032	 	 	413,639,431	  	 	 	838,373,210	  
	Feb/2032	 	Mar/2032	 	 	412,754,997	  	 	 	825,849,617	  
	Mar/2032	 	Apr/2032	 	 	411,884,713	  	 	 	813,396,778	  
	Apr/2032	 	May/2032	 	 	411,035,656	  	 	 	801,014,694	  
	May/2032	 	Jun/2032	 	 	410,200,750	  	 	 	788,844,875	  
	Jun/2032	 	Jul/2032	 	 	409,344,617	  	 	 	776,675,055	  
	Jul/2032	 	Aug/2032	 	 	408,552,164	  	 	 	764,646,745	  
	Aug/2032	 	Sep/2032	 	 	407,780,937	  	 	 	752,830,699	  
	Sep/2032	 	Oct/2032	 	 	406,974,333	  	 	 	741,014,654	  
	Oct/2032	 	Nov/2032	 	 	406,238,483	  	 	 	729,340,117	  
	Nov/2032	 	Dec/2032	 	 	405,523,860	  	 	 	717,877,845	  
	Dec/2032	 	Jan/2033	 	 	404,816,312	  	 	 	706,358,970	  
	Jan/2033	 	Feb/2033	 	 	403,903,576	  	 	 	695,045,283	  
	Feb/2033	 	Mar/2033	 	 	403,210,179	  	 	 	683,851,879	  
	Mar/2033	 	Apr/2033	 	 	402,523,858	  	 	 	672,799,985	  
	Apr/2033	 	May/2033	 	 	401,823,386	  	 	 	661,840,072	  
	May/2033	 	Jun/2033	 	 	400,995,555	  	 	 	650,781,102	  
	Jun/2033	 	Jul/2033	 	 	400,252,630	  	 	 	640,153,736	  
	Jul/2033	 	Aug/2033	 	 	398,243,195	  	 	 	629,200,898	  
	Aug/2033	 	Sep/2033	 	 	396,757,345	  	 	 	618,538,155	  
	Sep/2033	 	Oct/2033	 	 	393,403,569	  	 	 	607,606,544	  
	Oct/2033	 	Nov/2033	 	 	392,504,983	  	 	 	597,750,405	  
	Nov/2033	 	Dec/2033	 	 	391,769,134	  	 	 	587,965,021	  
	Dec/2033	 	Jan/2034	 	 	389,788,000	  	 	 	578,101,807	  
	Jan/2034	 	Feb/2034	 	 	388,861,113	  	 	 	568,514,537	  
	Feb/2034	 	Mar/2034	 	 	387,721,961	  	 	 	558,842,360	  
	Mar/2034	 	Apr/2034	 	 	386,752,621	  	 	 	549,538,109	  
	Apr/2034	 	May/2034	 	 	386,073,375	  	 	 	540,403,668	  
	May/2034	 	Jun/2034	 	 	385,203,091	  	 	 	531,516,870	  
	Jun/2034	 	Jul/2034	 	 	384,375,261	  	 	 	522,941,392	  
	Jul/2034	 	Aug/2034	 	 	380,229,031	  	 	 	513,092,329	  
	Aug/2034	 	Sep/2034	 	 	378,212,521	  	 	 	504,028,644	  
	Sep/2034	 	Oct/2034	 	 	374,059,216	  	 	 	494,222,033	  
	Oct/2034	 	Nov/2034	 	 	372,438,932	  	 	 	485,568,726	  
	Nov/2034	 	Dec/2034	 	 	370,372,893	  	 	 	476,427,210	  
	Dec/2034	 	Jan/2035	 	 	368,306,854	  	 	 	467,526,260	  

  
 125 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Jan/2035	 	Feb/2035	 	 	365,625,248	  	 	 	458,030,971	  
	Feb/2035	 	Mar/2035	 	 	365,313,927	  	 	 	450,021,532	  
	Mar/2035	 	Apr/2035	 	 	363,764,398	  	 	 	441,375,299	  
	Apr/2035	 	May/2035	 	 	361,931,849	  	 	 	431,950,765	  
	May/2035	 	Jun/2035	 	 	357,509,676	  	 	 	422,802,174	  
	Jun/2035	 	Jul/2035	 	 	352,754,956	  	 	 	412,804,525	  
	Jul/2035	 	Aug/2035	 	 	343,309,195	  	 	 	402,707,820	  
	Aug/2035	 	Sep/2035	 	 	331,500,225	  	 	 	391,153,567	  
	Sep/2035	 	Oct/2035	 	 	319,068,613	  	 	 	377,660,633	  
	Oct/2035	 	Nov/2035	 	 	305,129,924	  	 	 	365,257,323	  
	Nov/2035	 	Dec/2035	 	 	296,377,559	  	 	 	348,502,595	  
	Dec/2035	 	Jan/2036	 	 	281,497,832	  	 	 	336,644,096	  
	Jan/2036	 	Feb/2036	 	 	267,990,748	  	 	 	325,931,825	  
	Feb/2036	 	Mar/2036	 	 	259,889,327	  	 	 	317,009,649	  
	Mar/2036	 	Apr/2036	 	 	254,519,041	  	 	 	310,401,154	  
	Apr/2036	 	May/2036	 	 	250,309,132	  	 	 	303,566,244	  
	May/2036	 	Jun/2036	 	 	246,396,394	  	 	 	297,941,240	  
	Jun/2036	 	Jul/2036	 	 	240,707,710	  	 	 	291,856,330	  
	Jul/2036	 	Aug/2036	 	 	240,056,767	  	 	 	287,667,648	  
	Aug/2036	 	Sep/2036	 	 	235,217,141	  	 	 	280,861,040	  
	Sep/2036	 	Oct/2036	 	 	225,191,190	  	 	 	271,181,788	  
	Oct/2036	 	Nov/2036	 	 	201,735,986	  	 	 	224,214,775	  
	Nov/2036	 	Dec/2036	 	 	195,332,680	  	 	 	217,790,242	  
	Dec/2036	 	Jan/2037	 	 	188,059,090	  	 	 	209,370,425	  
	Jan/2037	 	Feb/2037	 	 	183,134,558	  	 	 	203,052,025	  
	Feb/2037	 	Mar/2037	 	 	178,118,045	  	 	 	199,316,173	  
	Mar/2037	 	Apr/2037	 	 	170,398,700	  	 	 	193,811,452	  
	Apr/2037	 	May/2037	 	 	166,549,641	  	 	 	189,488,336	  
	May/2037	 	Jun/2037	 	 	163,585,017	  	 	 	186,375,126	  
	Jun/2037	 	Jul/2037	 	 	159,530,769	  	 	 	182,441,161	  
	Jul/2037	 	Aug/2037	 	 	157,535,484	  	 	 	179,646,348	  
	Aug/2037	 	Sep/2037	 	 	153,113,311	  	 	 	174,898,704	  
	Sep/2037	 	Oct/2037	 	 	148,634,535	  	 	 	172,323,230	  
	Oct/2037	 	Nov/2037	 	 	146,073,212	  	 	 	169,118,039	  
	Nov/2037	 	Dec/2037	 	 	145,811,420	  	 	 	168,360,963	  
	Dec/2037	 	Jan/2038	 	 	142,245,379	  	 	 	167,271,340	  
	Jan/2038	 	Feb/2038	 	 	142,089,719	  	 	 	165,502,471	  
	Feb/2038	 	Mar/2038	 	 	142,075,568	  	 	 	165,042,565	  
	Mar/2038	 	Apr/2038	 	 	142,068,493	  	 	 	164,816,150	  
	Apr/2038	 	May/2038	 	 	142,054,342	  	 	 	163,577,941	  
	May/2038	 	Jun/2038	 	 	142,040,191	  	 	 	163,054,356	  
	Jun/2038	 	Jul/2038	 	 	142,026,040	  	 	 	162,849,167	  
	Jul/2038	 	Aug/2038	 	 	141,863,304	  	 	 	161,434,072	  
	Aug/2038	 	Sep/2038	 	 	141,778,398	  	 	 	160,825,581	  
	Sep/2038	 	Oct/2038	 	 	141,523,681	  	 	 	160,436,430	  

  
 126 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Oct/2038	 	Nov/2038	 	 	139,804,340	  	 	 	158,717,089	  
	Nov/2038	 	Dec/2038	 	 	138,842,075	  	 	 	158,257,183	  
	Dec/2038	 	Jan/2039	 	 	137,674,622	  	 	 	156,240,672	  
	Jan/2039	 	Feb/2039	 	 	137,653,395	  	 	 	154,740,671	  
	Feb/2039	 	Mar/2039	 	 	137,540,188	  	 	 	153,608,595	  
	Mar/2039	 	Apr/2039	 	 	137,299,621	  	 	 	151,860,952	  
	Apr/2039	 	May/2039	 	 	136,903,395	  	 	 	151,676,990	  
	May/2039	 	Jun/2039	 	 	136,896,319	  	 	 	151,485,952	  
	Jun/2039	 	Jul/2039	 	 	136,889,244	  	 	 	150,735,951	  
	Jul/2039	 	Aug/2039	 	 	136,875,093	  	 	 	150,551,989	  
	Aug/2039	 	Sep/2039	 	 	136,868,017	  	 	 	150,368,027	  
	Sep/2039	 	Oct/2039	 	 	136,860,942	  	 	 	150,191,140	  
	Oct/2039	 	Nov/2039	 	 	136,853,866	  	 	 	150,014,253	  
	Nov/2039	 	Dec/2039	 	 	136,846,791	  	 	 	149,837,366	  
	Dec/2039	 	Jan/2040	 	 	136,839,715	  	 	 	149,667,554	  
	Jan/2040	 	Feb/2040	 	 	136,832,640	  	 	 	149,497,743	  
	Feb/2040	 	Mar/2040	 	 	136,825,564	  	 	 	149,327,931	  
	Mar/2040	 	Apr/2040	 	 	136,818,489	  	 	 	149,158,120	  
	Apr/2040	 	May/2040	 	 	136,811,414	  	 	 	148,995,384	  
	May/2040	 	Jun/2040	 	 	136,804,338	  	 	 	148,832,648	  
	Jun/2040	 	Jul/2040	 	 	136,797,263	  	 	 	148,669,912	  
	Jul/2040	 	Aug/2040	 	 	136,790,187	  	 	 	148,507,176	  
	Aug/2040	 	Sep/2040	 	 	136,783,112	  	 	 	148,351,516	  
	Sep/2040	 	Oct/2040	 	 	136,776,036	  	 	 	148,195,855	  
	Oct/2040	 	Nov/2040	 	 	136,768,961	  	 	 	148,040,195	  
	Nov/2040	 	Dec/2040	 	 	136,761,885	  	 	 	147,884,534	  
	Dec/2040	 	Jan/2041	 	 	136,761,885	  	 	 	147,735,949	  
	Jan/2041	 	Feb/2041	 	 	136,754,810	  	 	 	147,587,364	  
	Feb/2041	 	Mar/2041	 	 	136,747,734	  	 	 	147,438,779	  
	Mar/2041	 	Apr/2041	 	 	136,740,659	  	 	 	147,290,194	  
	Apr/2041	 	May/2041	 	 	136,733,583	  	 	 	147,148,685	  
	May/2041	 	Jun/2041	 	 	136,733,583	  	 	 	147,007,175	  
	Jun/2041	 	Jul/2041	 	 	136,726,508	  	 	 	146,865,666	  
	Jul/2041	 	Aug/2041	 	 	136,719,432	  	 	 	146,724,156	  
	Aug/2041	 	Sep/2041	 	 	136,719,432	  	 	 	146,582,647	  
	Sep/2041	 	Oct/2041	 	 	136,712,357	  	 	 	146,448,213	  
	Oct/2041	 	Nov/2041	 	 	136,705,281	  	 	 	146,313,778	  
	Nov/2041	 	Dec/2041	 	 	136,705,281	  	 	 	146,179,344	  
	Dec/2041	 	Jan/2042	 	 	136,698,206	  	 	 	146,044,910	  
	Jan/2042	 	Feb/2042	 	 	136,698,206	  	 	 	145,917,552	  
	Feb/2042	 	Mar/2042	 	 	136,691,130	  	 	 	145,783,118	  
	Mar/2042	 	Apr/2042	 	 	136,684,055	  	 	 	145,655,759	  
	Apr/2042	 	May/2042	 	 	136,684,055	  	 	 	145,528,401	  
	May/2042	 	Jun/2042	 	 	136,676,979	  	 	 	145,401,042	  
	Jun/2042	 	Jul/2042	 	 	136,676,979	  	 	 	145,273,683	  

  
 127 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Jul/2042	 	Aug/2042	 	 	136,669,904	  	 	 	145,146,325	  
	Aug/2042	 	Sep/2042	 	 	136,669,904	  	 	 	145,026,042	  
	Sep/2042	 	Oct/2042	 	 	136,514,244	  	 	 	144,827,928	  
	Oct/2042	 	Nov/2042	 	 	136,514,244	  	 	 	144,707,645	  
	Nov/2042	 	Dec/2042	 	 	136,507,168	  	 	 	144,587,362	  
	Dec/2042	 	Jan/2043	 	 	136,507,168	  	 	 	144,467,079	  
	Jan/2043	 	Feb/2043	 	 	136,507,168	  	 	 	144,346,796	  
	Feb/2043	 	Mar/2043	 	 	136,500,093	  	 	 	144,226,513	  
	Mar/2043	 	Apr/2043	 	 	136,500,093	  	 	 	144,113,305	  
	Apr/2043	 	May/2043	 	 	136,493,017	  	 	 	143,993,022	  
	May/2043	 	Jun/2043	 	 	136,493,017	  	 	 	143,879,815	  
	Jun/2043	 	Jul/2043	 	 	136,493,017	  	 	 	143,766,607	  
	Jul/2043	 	Aug/2043	 	 	136,485,942	  	 	 	143,660,475	  
	Aug/2043	 	Sep/2043	 	 	136,485,942	  	 	 	143,547,267	  
	Sep/2043	 	Oct/2043	 	 	136,485,942	  	 	 	143,441,135	  
	Oct/2043	 	Nov/2043	 	 	136,478,866	  	 	 	143,327,927	  
	Nov/2043	 	Dec/2043	 	 	136,478,866	  	 	 	143,221,795	  
	Dec/2043	 	Jan/2044	 	 	136,478,866	  	 	 	143,122,739	  
	Jan/2044	 	Feb/2044	 	 	136,471,791	  	 	 	143,016,606	  
	Feb/2044	 	Mar/2044	 	 	136,471,791	  	 	 	142,910,474	  
	Mar/2044	 	Apr/2044	 	 	136,471,791	  	 	 	142,811,418	  
	Apr/2044	 	May/2044	 	 	136,309,055	  	 	 	142,620,380	  
	May/2044	 	Jun/2044	 	 	136,309,055	  	 	 	142,514,248	  
	Jun/2044	 	Jul/2044	 	 	136,301,979	  	 	 	142,259,530	  
	Jul/2044	 	Aug/2044	 	 	136,301,979	  	 	 	142,040,191	  
	Aug/2044	 	Sep/2044	 	 	136,301,979	  	 	 	141,693,492	  
	Sep/2044	 	Oct/2044	 	 	136,301,979	  	 	 	141,601,511	  
	Oct/2044	 	Nov/2044	 	 	136,294,904	  	 	 	141,509,530	  
	Nov/2044	 	Dec/2044	 	 	136,294,904	  	 	 	140,858,586	  
	Dec/2044	 	Jan/2045	 	 	136,294,904	  	 	 	140,773,680	  
	Jan/2045	 	Feb/2045	 	 	136,294,904	  	 	 	140,688,775	  
	Feb/2045	 	Mar/2045	 	 	136,294,904	  	 	 	139,818,491	  
	Mar/2045	 	Apr/2045	 	 	136,202,923	  	 	 	139,648,680	  
	Apr/2045	 	May/2045	 	 	136,202,923	  	 	 	139,570,849	  
	May/2045	 	Jun/2045	 	 	136,195,847	  	 	 	138,976,509	  
	Jun/2045	 	Jul/2045	 	 	135,926,979	  	 	 	138,764,245	  
	Jul/2045	 	Aug/2045	 	 	135,926,979	  	 	 	138,686,415	  
	Aug/2045	 	Sep/2045	 	 	135,926,979	  	 	 	138,056,697	  
	Sep/2045	 	Oct/2045	 	 	135,926,979	  	 	 	137,816,131	  
	Oct/2045	 	Nov/2045	 	 	135,926,979	  	 	 	137,738,301	  
	Nov/2045	 	Dec/2045	 	 	135,424,620	  	 	 	137,051,980	  
	Dec/2045	 	Jan/2046	 	 	135,424,620	  	 	 	136,443,489	  
	Jan/2046	 	Feb/2046	 	 	135,106,224	  	 	 	135,559,054	  
	Feb/2046	 	Mar/2046	 	 	118,793,635	  	 	 	118,815,017	  
	Mar/2046	 	Apr/2046	 	 	109,975,045	  	 	 	109,994,444	  

  
 128 

											
	 From and including the State
Payment Date falling in:
	 	Up to and excluding the
State Payment Date falling
in:	 	Minimum	 	 	Maximum	 
	Apr/2046	 	May/2046	 	 	107,527,900	  	 	 	107,545,359	  
	May/2046	 	Jun/2046	 	 	106,913,285	  	 	 	106,928,842	  
	Jun/2046	 	Jul/2046	 	 	94,903,580	  	 	 	94,917,304	  
	Jul/2046	 	Aug/2046	 	 	87,114,343	  	 	 	87,126,341	  
	Aug/2046	 	Sep/2046	 	 	85,820,359	  	 	 	85,830,701	  
	Sep/2046	 	Oct/2046	 	 	80,959,948	  	 	 	80,968,699	  
	Oct/2046	 	Nov/2046	 	 	77,441,353	  	 	 	77,448,611	  
	Nov/2046	 	Dec/2046	 	 	69,522,127	  	 	 	69,527,967	  
	Dec/2046	 	Jan/2047	 	 	64,402,940	  	 	 	64,407,524	  
	Jan/2047	 	Feb/2047	 	 	56,799,137	  	 	 	56,802,591	  
	Feb/2047	 	Mar/2047	 	 	46,252,937	  	 	 	46,255,381	  
	Mar/2047	 	Apr/2047	 	 	44,354,316	  	 	 	44,355,885	  
	Apr/2047	 	May/2047	 	 	42,137,903	  	 	 	42,138,806	  
	May/2047	 	Jun/2047	 	 	32,074,331	  	 	 	32,074,769	  
	Jun/2047	 	Jul/2047	 	 	24,712,517	  	 	 	28,130,679	  
	Jul/2047	 	Aug/2047	 	 	23,174,308	  	 	 	25,490,112	  
	Aug/2047	 	Sep/2047	 	 	21,471,241	  	 	 	23,857,799	  
	Sep/2047	 	Oct/2047	 	 	17,089,398	  	 	 	18,928,315	  
	Oct/2047	 	Nov/2047	 	 	6,252,669	  	 	 	6,252,669	  
	Nov/2047	 	Dec/2047	 	 	1,874,577	  	 	 	2,316,511	  
	Dec/2047	 	Jan/2048	 	 	1,874,577	  	 	 	2,315,096	  
	Jan/2048	 	Feb/2048	 	 	1,874,577	  	 	 	2,313,681	  
	Feb/2048	 	Mar/2048	 	 	1,874,577	  	 	 	2,312,336	  
	Mar/2048	 	Apr/2048	 	 	1,874,577	  	 	 	2,311,134	  
	Apr/2048	 	May/2048	 	 	1,874,577	  	 	 	2,310,002	  
	May/2048	 	Jun/2048	 	 	1,874,577	  	 	 	2,309,294	  
	Jun/2048	 	Jul/2048	 	 	1,874,577	  	 	 	2,309,294	  
	Jul/2048	 	Aug/2048	 	 	1,612,006	  	 	 	1,612,006	  
	Aug/2048	 	Sep/2048	 	 	0	  	 	 	700,472	  
	Sep/2048	 	Oct/2048	 	 	0	  	 	 	700,472	  
	Oct/2048	 	Nov/2048	 	 	0	  	 	 	700,472	  
	Nov/2048	 	Dec/2048	 	 	—   	  	 	 	—   	  

  
 129 

 SCHEDULE 5 
 TERMS AND CONDITIONS OF THE BONDS 
 PART 1 

TERMS AND CONDITIONS OF THE DUTCH STATE FIXED RATE NOTES 
 The following are the terms and conditions (the “Conditions”) of the Dutch State Fixed Rate Notes substantially in the form in which they will be endorsed on the Note
Certificates evidencing the Dutch State Fixed Rate Notes. The Conditions applicable to any Dutch State Fixed Rate Note evidenced by a Global Note Certificate will differ from those set out below to the extent detailed in the Global Note
Certificates. Defined terms used herein but not defined shall have the meaning ascribed to it in Condition 12. 
 The
U.S.$[        ] Dutch State Fixed Rate Notes due [to be completed for each Class/Series] (the “Dutch State Fixed Rate Notes”), issued by the State of The Netherlands (the
“Issuer”), acting through the Dutch State Treasury Agency [will be consolidated and form a single series with the U.S.$500,000,000 Dutch State Fixed Notes due [to be completed for each Class/Series] issued on
[            ] and] are issued subject to and with the benefit of a fiscal agency agreement dated 16 February 2012[, as amended and restated on
[            ]] (the “Agency Agreement”) made between the Issuer and Citibank N.A., London Branch, as fiscal agent (the “Fiscal
Agent”, which expression includes any successor Fiscal Agent, and together with any other paying agents appointed pursuant to the Agency Agreement or any successor thereto, the “Paying Agents”), as
transfer agent (together with any other transfer agents appointed pursuant to the Agency Agreement or any successor thereto, the “Transfer Agents”) and as registrar (the “Registrar”,
which expression includes any successor registrar appointed pursuant to the Agency Agreement). A copy of the Agency Agreement is available for inspection at the specified offices of the Paying Agents. 

 

	1.	Form and Denomination 

 The
Dutch State Fixed Rate Notes are in registered form and in the denomination of U.S.$1,000,000 each, without interest coupons attached. A note certificate (each a Certificate) will be issued to each Noteholder in respect of its registered
holding of Notes. Each Certificate will be numbered serially with an identifying number which will be recorded on the relevant Certificate and in the register of Noteholders which the Issuer will procure to be kept by the Registrar. 

 

	2.	Status 

 The Dutch State Fixed
Rate Notes constitute unsecured and unsubordinated obligations of the Issuer ranking pari passu among themselves and with all other present and future unsecured and unsubordinated financial obligations of the Issuer. 

 

	3.	Interest 

 Interest on the Dutch
State Fixed Rate Notes shall be payable by reference to successive monthly interest periods (each a Dutch State Fixed Rate Note Interest Calculation Period) and will be payable in arrear in US Dollars in respect of the Principal Amount
Outstanding of the Dutch State Fixed Rate Notes. Each successive Dutch State Fixed Rate Note Interest Calculation Period will commence on (and include) a Dutch State Fixed Rate Note Interest Payment Date and end on (but exclude) the next succeeding
Dutch State Fixed Rate Note Interest Payment Date, except for the first Dutch State Fixed Rate Note Interest Calculation Period which will commence on (and include) [the Issue Date and end on (but exclude) the Dutch State Fixed Rate Note Interest
Payment Date falling 

  
 130 

 
in March 2012]/[[insert preceding interest payment date] and end on (but exclude) the Dutch State Fixed Note Interest Payment Date falling in [insert next interest payment date]].

 The rate of interest payable in respect of the Dutch State Fixed Rate Notes on each Dutch State Fixed Rate Note Interest Payment
Date will be 3.5 per cent per annum until and including the Final Maturity Date, which amount is to be calculated on the basis of the Fixed Rate Day Count Fraction (the Dutch State Fixed Rate Note Interest Amount). 

 

	4.	Redemption and Purchase 

 The
Dutch State Fixed Rate Notes will be redeemed at their principal amount on the Final Maturity Date. Neither the Issuer nor any Noteholder will be entitled to redemption of the Dutch State Fixed Rate Notes prior to the Final Maturity Date, under any
circumstance. 
  

	5.	Payments 

 Payments of principal
and interest in respect of the Dutch State Fixed Rate Notes on the due date will be made to the person and registered account shown on the Register (as defined in Condition 8) on the Record Date and, in the case of principal, against presentation
and surrender of the Certificate(s) evidencing the relevant Dutch State Fixed Rate Notes at the specified office of any of the Paying Agents or of the Registrar. Payments will be made in United States dollars by transfer to a United States dollar
account maintained by the payee with a bank in the United States as appearing in the Register. 
 If any due date for the payment of
principal or interest in respect of any Dutch State Fixed Rate Note is not a Business Day such payment will not be made until the next day which is a Business Day, and no further interest will be paid in respect of the delay in such payment.

  

	6.	Taxation 

 No deduction or
withholding in respect of payments of principal and interest on the Dutch State Fixed Rate Notes will be made on account of present or future taxes or other duties, unless such deduction or withholding is required by Dutch law in which case
Noteholders will not be entitled to receive grossed-up amounts to compensate for any such tax, duty, withholding or other payment. 
  

	7.	Limited remedies 

 If the Issuer
defaults (i) for a period of seven days or more in the payment on the due date of any principal amount due on the Dutch State Fixed Rate Notes or (ii) for a period of 15 days or more in the payment on the due date of any interest amount
due on the Dutch State Fixed Rate Notes, and such default is continuing, then each Noteholder shall be entitled to call for immediate payment of, in the case of (i), the relevant principal amount due or, in the case of (ii), the relevant interest
amount due, together with interest accrued to the date of payment by giving notice to the Issuer together with such supporting documentation evidencing the right to payment as the Issuer may reasonably require. For the avoidance of doubt, if the
Issuer defaults in the payment on the due date or at any time thereafter of any interest amount due on the Dutch State Fixed Rate Notes, the sole remedy available to Noteholders is to claim specific performance as set out under (ii), and no
Noteholder shall be entitled to call its Dutch State Fixed Rate Notes for repayment or redemption or pursue any other remedy that might lead to repayment or redemption of the Dutch State Fixed Rate Notes prior to their stated maturity. 

 

	8.	Title, Registration and Transfers 

 Title to the Dutch State Fixed Rate Notes will pass by registration in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement (the

  
 131 

 
“Register”) and execution of a transfer certificate (which constitutes notice (mededeling) of transfer to the Issuer). Except as ordered by a court of competent
jurisdiction or as required by Dutch law, the person in whose name an Dutch State Fixed Rate Note is registered (the “Noteholder”) will be deemed to be and may be treated as its absolute owner for all purposes, whether or not it is
overdue and regardless of any notice of ownership, trust or an interest in it, any writing on it, or on the Certificate evidencing it, or its theft or loss, or that of the related Certificate, and no person shall be liable for so treating the
Noteholder. 
 Dutch State Fixed Rate Notes may be transferred upon the surrender, at the specified office of the Registrar or any
Transfer Agent (as defined in Condition 9), of the Certificate evidencing such Dutch State Fixed Rate Notes to be transferred, together with the form of transfer endorsed on such Certificate, or another form of transfer substantially in the same
form and containing the same representations and certifications, if any, unless otherwise agreed by the Issuer, duly completed and executed and any other evidence as the Registrar or relevant Transfer Agent may reasonably require. All transfers of
Dutch State Fixed Rate Notes and entries on the Register will be made subject to the detailed regulations concerning transfers of Dutch State Fixed Rate Notes described in the Agency Agreement. 

Each new Certificate to be issued pursuant to these Conditions will be available for delivery within five business days of receipt of the
form of transfer endorsed on the certificate and surrender of the Certificate for exchange. Delivery of the new Certificate(s) shall be made at the specified office of the Registrar or relevant Transfer Agent, as the case may be, to whom delivery or
surrender of such request for exchange, form of transfer or Certificate shall have been made or, at the option of the Noteholder making such delivery or surrender as aforesaid and as specified in the relevant request for exchange, form of transfer
or otherwise in writing, be mailed by uninsured post at the risk of the Noteholder entitled to the new Certificate to such address as may be so specified, unless such holder requests otherwise and pays in advance to the relevant Paying Agent,
Transfer Agent or Registrar, as the case may be, the costs of such other method of delivery and/or such insurance as it may specify. In this Condition 8, “business day” means a day, other than a Saturday or Sunday, on which banks
are open for business in the place of the specified office of the Registrar or the relevant Transfer Agent, as the case may be. 

In the case of a transfer of part only of a holding of Dutch State Fixed Rate Notes evidenced by one Certificate, a new Certificate shall be
issued to the transferee in respect of the part transferred and a further new Certificate in respect of the balance of the holding not transferred shall be issued to the transferor. 

Transfer of Dutch State Fixed Rate Notes and Certificates on registration of transfer shall be effected without charge by or on behalf of the
Issuer, the Registrar or the relevant Transfer Agent, but upon payment of any tax or other governmental charges that may be imposed in relation to it, or the giving of such indemnity as the Registrar or the relevant Transfer Agent may require.

 No Noteholder may require the transfer of an Dutch State Fixed Rate Note (i) during the period of 15 days ending on the due
date for the payment of interest on or redemption of that Dutch State Fixed Rate Note or (ii) after any such Dutch State Fixed Rate Note has been called for redemption under Condition 7. 

 

	9.	Agency Agreement 

 Noteholders
are deemed to have notice of and are bound by the provisions of the Agency Agreement. 
 The Issuer reserves the right to vary or
terminate the appointment of the Paying Agents, Transfer Agents or Registrar or approve any change in the office through which they act, provided that there shall at all times be a Paying Agent, Transfer Agent and Registrar. 

  
 132 

	10.	Prescription 

 Claims against
the Issuer for payment in respect of the Dutch State Fixed Rate Notes will be prescribed and become void unless made within 5 years from the date the relevant payment first became due. 

 

	11.	Governing Law and Jurisdiction 

The Dutch State Fixed Rate Notes and any non-contractual obligations arising out of or in connection with them are governed by, and will be
construed in accordance with, Dutch law. 
 The competent court in The Netherlands (excluding any arbitral tribunal or court arising
under any relevant (bilateral) investment treaty or friendship treaty entered into by the Issuer) is to have exclusive jurisdiction to settle any disputes that may arise out of or in connection with any Dutch State Fixed Rate Note and accordingly
any legal action or proceeding arising out of or in connection with any Dutch State Fixed Rate Notes may be brought in such courts. 
  

	12.	Definitions 

 In these
Conditions: 
 “Agency Agreement” means the fiscal agency agreement dated 16 February 2012 [as amended and
restated on [            ]] made between the Issuer and Citibank N.A., London Branch, as Fiscal Agent, Transfer Agent and Registrar; 

“Business Day” means a day that is a New York Business Day, a Dutch Business Day and TARGET2 Settlement Day; 

“Certificate” means a certificate evidencing one or more Dutch State Fixed Rate Notes; 

“Conditions” means these terms and conditions; 
 “Dutch Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for general business in Amsterdam; 

“Dutch State Fixed Rate Note Interest Amount” means in respect of each Dutch State Fixed Rate Note, the interest payable on
the relevant Dutch State Fixed Rate Note Interest Payment Date being 3.5 per cent per annum until and including the Final Maturity Date, which amount is to be calculated on the basis of the Fixed Rate Day Count Fraction. 

“Dutch State Fixed Rate Note Interest Calculation Period” means each successive monthly interest period commencing on (and
including) a Dutch State Fixed Rate Note Interest Payment Date and ending on (but excluding) the next succeeding Dutch State Fixed Rate Note Interest Payment Date , except for the first Dutch State Fixed Rate Note Interest Calculation Period which
will commence on (and include) [the Issue Date and end on (but exclude) the Dutch State Fixed Rate Note Interest Payment Date falling in March 2012]/[[insert preceding interest payment date] and end on (but exclude) the Dutch State Fixed Rate
Note Interest Payment Date falling in [insert next interest payment date]]; 
 “Dutch State Fixed Rate Note Interest
Payment Date” means the 12th calendar day in each month or the first Business Day falling after such date if such date is not a Business Date until the Final Maturity Date; 

  
 133 

 “Dutch State Fixed Rate Notes” means the
U.S.$[            ] fixed rate registered notes due [to be completed for each Class/Series], and such expression includes, where appropriate, any Global Note Certificates evidencing
Dutch State Fixed Rate Notes; 
 “Final Maturity Date” means [to be completed for each Class/Series];

 “Fiscal Agent” means the fiscal agent or its successor or successors for the time being appointed under the
Agency Agreement; 
 “Fixed Rate Day Count Fraction” means a 360-day year consisting of twelve (12) 30-day
months; 
 “Issue Date” means [            ];

 “Issuer” means the State of The Netherlands; 

“New York Business Day” means a day (other than a Saturday or Sunday) on which banks are open for general business in New
York; 
 “Noteholder” means except as ordered by a court of competent jurisdiction or as required by Dutch law, the
person in whose name an Dutch State Fixed Rate Note is registered in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement; 

“Paying Agents” means the agents or their successors for the time being appointed under the Agency Agreement and such term
shall unless the context otherwise requires, include the Fiscal Agent; 
 “Principal Amount Outstanding” means
until the Final Maturity Date, the principal amount outstanding under the Dutch State Fixed Rate Note at its Issue Date; 

“Record Date” means the date falling 15 days prior to the due date for the payment of interest; 

“Registrar” means the registrar or its successor or successors for the time being appointed under the Agency Agreement;

 “TARGET2 Settlement Day” means a day on which the TARGET2 System is open; 

“TARGET2 System” means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which
utilises a single shared platform and which was launched on 19 November 2007 or any successor thereof; 
 “Transfer
Agent” means the transfer agent or its successor or successors for the time being appointed under the Agency Agreement. 

  
 134 

 PART 2 
 TERMS AND CONDITIONS OF THE DUTCH STATE FLOATING RATE NOTES 
 The following are the terms and
conditions (the “Conditions”) of the Dutch State Floating Rate Notes substantially in the form in which they will be endorsed on the Note Certificates evidencing the Dutch State Floating Rate Notes. The Conditions
applicable to any Dutch State Floating Rate Note evidenced by a Global Note Certificate will differ from those set out below to the extent detailed in the Global Note Certificates. Defined terms used herein but not defined shall have the meaning
ascribed to it in Condition 12. 
 The U.S.$[            ] Dutch
State Floating Rate Notes due [to be completed for each Class/Series] (the “Dutch State Floating Rate Notes”), issued by the State of The Netherlands (the “Issuer”), acting through
the Dutch State Treasury Agency [will be consolidated and form a single series with the U.S.$500,000,000 Dutch State Floating Rate Notes due [to be completed for each Class/Series]] are issued subject to and with the benefit of a fiscal
agency agreement dated 16 February 2012[, as amended and restated on [            ]] (the “Agency Agreement”) made between the Issuer and Citibank N.A.,
London Branch, as fiscal agent (the “Fiscal Agent”, which expression includes any successor Fiscal Agent, and together with any other paying agents appointed pursuant to the Agency Agreement or any successor thereto,
the “Paying Agents”), as transfer agent (together with any other transfer agents appointed pursuant to the Agency Agreement or any successor thereto, the “Transfer Agents”) and as
registrar (the “Registrar”, which expression includes any successor registrar appointed pursuant to the Agency Agreement). A copy of the Agency Agreement is available for inspection at the specified offices of the
Paying Agents. 
  

	1.	Form and Denomination 

 The
Dutch State Floating Rate Notes are in registered form and in the denomination of U.S.$1,000,000 each, without interest coupons attached. A note certificate (each a Certificate) will be issued to each Noteholder in respect of its registered
holding of Notes. Each Certificate will be numbered serially with an identifying number which will be recorded on the relevant Certificate and in the register of Noteholders which the Issuer will procure to be kept by the Registrar. 

 

	2.	Status 

 The Dutch State
Floating Rate Notes constitute unsecured and unsubordinated obligations of the Issuer ranking pari passu among themselves and with all other present and future unsecured and unsubordinated financial obligations of the Issuer. 

 

	3.	Interest 

 Interest on the Dutch
State Floating Rate Notes shall be payable by reference to successive interest periods (each a Dutch State Floating Rate Note Interest Calculation Period) and will be payable in arrear in US Dollars in respect of the Principal Amount
Outstanding. Each successive Dutch State Floating Rate Note Interest Calculation Period will commence on (and include) a Dutch State Floating Rate Note Interest Payment Date and end on (but exclude) the next succeeding Dutch State Floating Rate Note
Interest Payment Date, except for the first Dutch State Floating Rate Note Interest Calculation Period which will commence on (and include) [the Issue Date and end on (but exclude) the Dutch State Floating Rate Note Interest Payment Date falling in
March 2012]/[[insert preceding interest payment date] and end on (but excludes) the Dutch State Floating Rate Note Interest Payment Date falling in [insert next interest payment date]]. 

Interest on the Dutch State Floating Rate Notes for each Dutch State Floating Rate Note Interest Calculation Period up to (but excluding the
Final Maturity Date) will accrue at an annual rate equal to USD-LIBOR-BBA for one month deposits plus a margin of 0.50% per annum, calculated over the 

  
 135 

 
relevant Dutch State Floating Rate Note Interest Calculation Period on the basis of the Floating Rate Day Count Fraction (the Dutch State Floating Rate Note Interest Amount). 

If the Issuer fails to redeem the Dutch State Floating Rate Notes on the due date for redemption, interest on the Dutch State Floating Rate
Notes will, subject to the provisions on business days in Condition 5, continue to accrue beyond the due date for redemption until the date on which all sums due in respect of the Dutch State Floating Rate Notes have been paid. 

 

	4.	Redemption and Purchase 

 The
Dutch State Floating Rate Notes will be redeemed at their principal amount on the Final Maturity Date. Neither the Issuer nor any Noteholder will be entitled to redemption of the Dutch State Floating Rate Notes prior to the Final Maturity Date,
under any circumstance. 
  

	5.	Payments 

 Payments of principal
and interest in respect of the Dutch State Floating Rate Notes on the due date will be made to the person and registered account shown on the Register on the Record Date and, in the case of principal, against presentation and surrender of the
Certificate(s) (as defined in condition 8) evidencing the relevant Dutch State Floating Rate Notes at the specified office of any of the Paying Agents or of the Registrar. Payments will be made in United States dollars by transfer to a United States
dollar account maintained by the payee with a bank in the United States as appearing in the Register. 
 If any due date for the
payment of principal or interest in respect of any Dutch State Floating Rate Note is not a Business Day such payment will not be made until the next day which is a Business Day, and no further interest will be paid in respect of the delay in such
payment. 
  

	6.	Taxation 

 No deduction or
withholding in respect of payments of principal and interest on the Dutch State Floating Rate Notes will be made on account of present or future taxes or other duties, unless such deduction or withholding is required by Dutch law in which case
Noteholders will not be entitled to receive grossed-up amounts to compensate for any such tax, duty, withholding or other payment. 
  

	7.	Limited remedies 

 If the Issuer
defaults (i) for a period of seven days or more in the payment on the due date of any principal amount due on the Dutch State Floating Rate Notes or (ii) for a period of 15 days or more in the payment on the due date of any interest amount
due on the Dutch State Floating Rate Notes, and such default is continuing, then each Noteholder shall be entitled to call for immediate payment of, in the case of (i), the relevant principal amount due or, in the case of (ii), the relevant interest
amount due, together with interest accrued to the date of payment by giving notice to the Issuer together with such supporting documentation evidencing the right to payment as the Issuer may reasonably require. For the avoidance of doubt, if the
Issuer defaults in the payment on the due date or at any time thereafter of any interest amount due on the Dutch State Floating Rate Notes, the sole remedy available to Noteholders is to claim specific performance as set out under (ii), and no
Noteholder shall be entitled to call its Dutch State Floating Rate Notes for repayment or redemption or pursue any other remedy that might lead to repayment or redemption of the Dutch State Floating Rate Notes prior to their stated maturity.

  

	8.	Title, Registration and Transfers 

 Title to the Dutch State Floating Rate Notes will pass by registration in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement

  
 136 

 
(the “Register”) and execution of a transfer certificate (which constitutes notice (mededeling) of transfer to the Issuer). Except as ordered by a court of competent
jurisdiction or as required by Dutch law, the person in whose name a Dutch State Floating Rate Note is registered (the “Noteholder”) will be deemed to be and may be treated as its absolute owner for all purposes, whether or not it
is overdue and regardless of any notice of ownership, trust or an interest in it, any writing on it, or on the Certificate evidencing it, or its theft or loss, or that of the related Certificate, and no person shall be liable for so treating the
Noteholder. 
 Dutch State Floating Rate Notes may be transferred upon the surrender, at the specified office of the Registrar or
any Transfer Agent (as defined in Condition 9), of the Certificate evidencing such Dutch State Floating Rate Notes to be transferred, together with the form of transfer endorsed on such Certificate, or another form of transfer substantially in the
same form and containing the same representations and certifications, if any, unless otherwise agreed by the Issuer, duly completed and executed and any other evidence as the Registrar or relevant Transfer Agent may reasonably require. All transfers
of Dutch State Floating Rate Notes and entries on the Register will be made subject to the detailed regulations concerning transfers of Dutch State Floating Rate Notes described in the Agency Agreement. 

Each new Certificate to be issued pursuant to these Conditions will be available for delivery within five business days of receipt of the
form of transfer endorsed on the Certificate and surrender of the Certificate for exchange. Delivery of the new Certificate(s) shall be made at the specified office of the Registrar or relevant Transfer Agent, as the case may be, to whom delivery or
surrender of such request for exchange, form of transfer or Certificate shall have been made or, at the option of the Noteholder making such delivery or surrender as aforesaid and as specified in the relevant request for exchange, form of transfer
or otherwise in writing, be mailed by uninsured post at the risk of the Noteholder entitled to the new Certificate to such address as may be so specified, unless such holder requests otherwise and pays in advance to the relevant Paying Agent,
Transfer Agent or Registrar, as the case may be, the costs of such other method of delivery and/or such insurance as it may specify. In this Condition 8, “business day” means a day, other than a Saturday or Sunday, on which banks
are open for business in the place of the specified office of the Registrar or the relevant Transfer Agent, as the case may be. 

In the case of a transfer of part only of a holding of Dutch State Floating Rate Notes evidenced by one Certificate, a new Certificate shall
be issued to the transferee in respect of the part transferred and a further new Certificate in respect of the balance of the holding not transferred shall be issued to the transferor 

Transfer of Dutch State Floating Rate Notes and Certificates on registration of transfer shall be effected without charge by or on behalf of
the Issuer, the Registrar or the relevant Transfer Agent, but upon payment of any tax or other governmental charges that may be imposed in relation to it, or the giving of such indemnity as the Registrar or the relevant Transfer Agent may require.

 No Noteholder may require the transfer of an Dutch State Floating Rate Note (i) during the period of 15 days ending on the
due date for the payment of interest on or redemption of that Dutch State Floating Rate Note or (ii) after any such Dutch State Floating Rate Note has been called for redemption under Condition 7. 

 

	9.	Agency Agreement 

 Noteholders
are deemed to have notice of and are bound by the provisions of the Agency Agreement. 
 The Issuer reserves the right to vary or
terminate the appointment of the Paying Agents, Transfer Agents or Registrar or approve any change in the office through which they act, provided that there shall at all times be a Paying Agent, Transfer Agent and Registrar. 

  
 137 

	10.	Prescription 

 Claims against
the Issuer for payment in respect of the Dutch State Floating Rate Notes will be prescribed and become void unless made within 5 years from the date the relevant payment first became due. 

 

	11.	Governing Law and Jurisdiction 

The Dutch State Floating Rate Notes and any non-contractual obligations arising out of or in connection with them are governed by, and will
be construed in accordance with, Dutch law. 
 The competent court in The Netherlands (excluding any arbitral tribunal or court
arising under any relevant (bilateral) investment treaty or friendship treaty entered into by the Issuer) is to have exclusive jurisdiction to settle any disputes that may arise out of or in connection with any Dutch State Floating Rate Note and
accordingly any legal action or proceeding arising out of or in connection with any Dutch State Floating Rate Notes may be brought in such courts. 
  

	12.	Definitions 

 In these
Conditions: 
 “Agency Agreement” means the fiscal agency agreement dated 16 February 2012 [as amended and
restated on [            ]]made between the Issuer and Citibank N.A., London Branch, as Fiscal Agent, Transfer Agent and Registrar; 

“Business Day” means a day that is a New York Business Day, a Dutch Business Day and TARGET2 Settlement Day; 

“Certificate” means a certificate evidencing one or more Dutch State Floating Rate Notes; 

“Conditions” means these Terms and Conditions; 
 “Dutch Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for general business in Amsterdam; 

“Dutch State Floating Rate Note Interest Amount” means in respect of each Dutch State Floating Rate Note, the interest
payable on the relevant Dutch State Floating Rate Note Interest Payment Date equal to an annual rate equal to USD-LIBOR-BBA for one month deposits plus a margin of 0.50% per annum, calculated over the relevant Dutch State Floating Rate Note
Interest Calculation Period on the basis of the Floating Rate Day Count Fraction; 
 “Dutch State Floating Rate Note
Interest Calculation Period” means each successive interest period commencing on (and including) a Dutch State Floating Rate Note Interest Payment Date and ending on (but excluding) the next succeeding Dutch State Floating Rate Note
Interest Payment Date, except for the first Dutch State Floating Rate Note Interest Calculation Period which will commence on (and include) the Issue Date and end on (but exclude) the Dutch State Floating Rate Note Interest Payment Date falling in
March 2012; 
 “Dutch State Floating Rate Note Interest Payment Date” means the 12th calendar day in each month or
the first Business Day falling after such date if such date is not a Business Day until the Final Maturity Date. 
 “Dutch
State Floating Rate Notes” means the U.S.$[            ] Dutch State Floating Rate Notes due [to be completed for each Class/Series] and such expression includes, where
appropriate, any Global Note Certificates evidencing Dutch State Floating Rate Notes; 

  
 138 

 “Final Maturity Date” means [to be completed for each Class/Series];

 “Fiscal Agent” means the fiscal agent or its successor or successors for the time being appointed under the
Agency Agreement; 
 “Floating Rate Day Count Fraction” means the actual number of days in the Dutch State Floating
Rate Note Interest Calculation Period divided by 360; 
 “Issue Date” means
[            ]; 
 “Issuer” means the State of The
Netherlands; 
 “London Banking Day” means a day other than a Saturday or Sunday on which banks are open for
general business in London. 
 “New York Business Day” means a day (other than a Saturday or Sunday) on which banks
are open for general business in New York; 
 “Noteholder” means except as ordered by a court of competent
jurisdiction or as required by Dutch law, the person in whose name a Dutch State Floating Rate Note is registered in the register that the Issuer will procure to be kept by the Registrar in accordance with the provisions of the Agency Agreement;

 “Paying Agents” means the agents or their successors for the time being appointed under the Agency Agreement and
such term shall unless the context otherwise requires, include the Fiscal Agent; 
 “Principal Amount Outstanding”
means until the Final Maturity Date, the principal amount outstanding under the Dutch State Floating Rate Note at its Issue Date; 

“Record Date” means the date falling 15 days prior to the due date for the payment of interest; 

“Reference Agent” means Citibank N.A, London branch; 

“Registrar” means the registrar or its successor or successors for the time being appointed under the Agency Agreement;

 “TARGET2 Settlement Day” means a day on which the TARGET2 System is open; 

“TARGET2 System” means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which
utilises a single shared platform and which was launched on 19 November 2007 or any successor thereof; 
 “Transfer
Agent” means the transfer agent or its successor or successors for the time being appointed under the Agency Agreement. 

“USD-LIBOR-BBA” means, in respect of a Dutch State Floating Rate Note Interest Calculation Period, the rate regarding the
applicable Dutch State Floating Rate Note(s) which will be the rates for one month deposits in U.S. Dollars on the Bloomberg Field (FEDL01) as of 11:00 AM London Time on the day that is two London Banking Days preceding such Dutch State Floating
Rate Note Interest Calculation Period. If such rate does not appear on the Bloomberg Field (FEDL01) the rate shall be determined by the Reference Agent. 

  
 139 

 SCHEDULE 6 
 OVERVIEW OF FINAL MATURITY DATES AND PRINCIPAL AMOUNTS OF EACH SERIES OF BONDS 

PART 1 

Original IABF Fixed Rate Bonds and Further Issue IABF Fixed Rate Bonds 

 

																	
	 Original IABF Fixed Rate Bonds
	  	notional at the issue
date of the Original
IABF Fixed Rate
Bonds	 	  	Further Issue
IABF Fixed Rate
Bonds	 	  	notional at the issue
date of the Further
Issue IABF Fixed
Rate Bonds	 	  	Maturity date	 
					
	 XS0744762955
	  	$	500,000,000	  	  	$	100,000,000	  	  	$	600,000,000	  	  	 	12-Dec-12	  
	 XS0744763417
	  	$	500,000,000	  	  	$	0	  	  	$	500,000,000	  	  	 	12-May-13	  
	 XS0744763680
	  	$	500,000,000	  	  	$	100,000,000	  	  	$	600,000,000	  	  	 	12-Dec-13	  
	 XS0744763920
	  	$	500,000,000	  	  	$	100,000,000	  	  	$	600,000,000	  	  	 	12-Jul-14	  
	 XS0744764142
	  	$	500,000,000	  	  	$	0	  	  	$	500,000,000	  	  	 	12-Nov-15	  
	 XS0744764571
	  	$	500,000,000	  	  	$	100,000,000	  	  	$	600,000,000	  	  	 	12-Nov-17	  

  
 140 

 PART 2 
 Original IABF Floating Rate Bonds and Further Issue IABF Floating Rate Bonds 
  

																	
	 Original IABF Floating Rate Bonds
	  	notional at the issue
date of the Original
IABF Floating Rate
Bonds	 	  	Further Issue
IABF Floating
Rate Bonds	 	  	notional at the issue
date of the Further
Issue IABF Floating
Rate
Bonds	 	  	Maturity date	 
					
	 XS0744767590
	  	$	500,000,000	  	  	$	200,000,000	  	  	$	700,000,000	  	  	 	12-Feb-13	  
	 XS0744770545
	  	$	500,000,000	  	  	$	200,000,000	  	  	$	700,000,000	  	  	 	12-Aug-13	  
	 XS0744770891
	  	$	500,000,000	  	  	$	0	  	  	$	500,000,000	  	  	 	12-May-14	  
	 XS0744770974
	  	$	500,000,000	  	  	$	200,000,000	  	  	$	700,000,000	  	  	 	12-Jan-15	  
	 XS0744771196
	  	$	500,000,000	  	  	$	200,000,000	  	  	$	700,000,000	  	  	 	12-Feb-16	  
	 XS0744771352
	  	$	500,000,000	  	  	$	100,000,000	  	  	$	600,000,000	  	  	 	12-Jul-17	  
	 XS0744771519
	  	$	500,000,000	  	  	$	200,000,000	  	  	$	700,000,000	  	  	 	12-Dec-18	  
	 XS0744771600
	  	$	500,000,000	  	  	$	100,000,000	  	  	$	600,000,000	  	  	 	12-Mar-21	  
	 XS0744771782
	  	$	500,000,000	  	  	$	0	  	  	$	500,000,000	  	  	 	12-Jul-26	  

  
 141 

 SCHEDULE 7 
 CONDITIONS TO OPERATIONAL CHANGES 
  

	1.	ING Parties have requested that the servicing of the Securities shall be transferred from ING Direct FSB to ING Investment Management Co., a Connecticut
Corporation (IIM) 

 The State agrees to such transfer, subject to the following conditions: 

 

	 	(a)	Such transfer shall not affect any of the State’s rights and entitlements in respect of the Securities; 

 

	 	(b)	The Investment Management Agreement concluded by ING Bank with IIM (the IMA) shall contain a clause to the effect that if and when IIM will no longer be a wholly
owned subsidiary of ING Groep, ING Bank may request that the IMA is terminated and that the servicing of the Securities is transferred to another entity that (i) is a wholly owned subsidiary of ING Group and (ii) in the reasonable opinion
of the State has the required expertise and capability to perform the servicing in question. ING Groep shall timely inform the State in advance of the relevant transaction involving the divestment of IIM. If the above mentioned request is made by
the State, ING Groep shall ensure that such transfer will be made prior to the date upon which IIM is no longer a wholly owned subsidiary of ING Groep. If and when IIM will no longer be a wholly owned subsidiary of ING Groep, ING Bank will at the
request of the State, terminate the IMA and transfer the servicing of the Securities to another entity. 

  

	 	(c)	The IMA may not contain any provisions that are inconsistent with this Agreement or the Security Documents, and the IMA shall not in the future be amended without the
prior written consent of the State if such amendment will or may affect any of the rights and interests of the State in the Securities or any of the rights of the State under or in connection with this Agreement or any other Transaction Document.

  

	2.	ING Parties and ING Support Holding have requested that the servicing of securities held by ING Direct Bancorp and the other US Companies shall also be transferred from
ING Direct FSB to IIM. 

 The State agrees to such transfer, subject to the same conditions as set out in
paragraph 1 above. 
  

	3.	ING Parties have requested that the Securities are held in a securities account with Bank of New York Mellon (BONY) in New York, such account to be in the name of ING
Bank under the terms of a custody agreement (the Custody Agreement) to be concluded between ING Bank and BONY. 

The State agrees to such arrangement, subject to the following conditions: 

 

	 	(a)	Such transfer shall not affect any of the State’s rights and entitlements in respect of the Securities; 

 

	 	(b)	 The Custody Agreement may not contain any provisions that are inconsistent with this Agreement or the Security Documents, and the Custody Agreement shall
not in the future be amended without the prior written consent of ING Bank if such amendment will or may affect any of the rights and interests of the State in the Securities or any of the rights of the State under or in connection with this
Agreement or any other Transaction Document. ING Bank may not amend the Custody Agreement without the prior written consent of the State if such amendment will or may, in the opinion of the State, affect any of the rights and

  
 142 

	 	
interests of the State in the Securities or any of the rights of the State under or in connection with this Agreement or any other Transaction Document. 

 

	 	(c)	The Account Control Agreements shall be made to contain a clause to the effect that BONY recognises and confirms the first ranking security rights of the State in respect
of the Securities under the US Security Agreement, and agrees that it shall not exercise any rights under the relevant Account Control Agreement or take any other action under or in connection with the relevant Account Control Agreement that may
restrict or hinder or delay the exercise by the State of any of the State’s rights under the US Security Agreement. 

  

	4.	Further Conditions 

 In
connection with all matters referred to in this Appendix, ING Bank agrees as follows: 
 The transfer of and changes in processes as
referred to in this Appendix, including without limitation the transfer of the Securities, the change of custodian and the transfer of the servicing of the Securities (collectively the Operational Changes) may lead to operational or other
risks for the State and in connection therewith: 
  

	 	(a)	ING Bank will ensure that the Operational Changes will be conducted prudently and diligently and will procure that, prior to carrying through such Operational Changes, an
appropriate risk analysis in respect of such Operational Changes will be carried out. 

  

	 	(b)	On the basis of such risk analysis, ING Bank will ensure that where necessary additional safeguards will be put into place to mitigate the risks to which the State may be
exposed in relation to such Operational Changes. 

  

	 	(c)	ING Bank will ensure that the relevant processes will be adequately documented in the AOIC (Administrative Organisation and Internal Controls) of the relevant ING entities
concerned. This includes adjustment of processes, administration, PCDM and key controls. ING Bank will ensure that a protocol regarding the Operational Changes is produced that correctly covers the AOIC aspects of such Operational Changes and that
it is determined, as at the time Operational Changes are carried through, that the terms and safeguards of that protocol are in place. 

  

	 	(d)	ING Bank will ensure that going forward the AOIC remain in place with respect to all aspects of the Operational Changes. 

  
 143 

 SCHEDULE 8 
 CALCULATION OF EXCESS FUNDING BENEFIT AMOUNT AS SET OUT IN CLAUSE 15.1(B) 
 Capitalised terms
used but not defined have the meaning set out in the IABF FSB Agreement. 
 Each time ING Bank or an affiliate (ING) enters into a
Financing Arrangement (which term for the purposes hereof includes any similar funding transaction approved by the State) using a Registered Bond as collateral, ING Bank shall, in order to determine the Excess Funding Benefit Amount, follow the
following principles: 
  

	1.	Comparison with cost of funding of unsecured USD funding (“USD-tickets”) 

 

	1.1	First, the US LIBOR rate applicable to the relevant Financing Arrangement will be determined, (if necessary using linear interpolation, if such Financing Arrangement
has a tenor other than a published tenor), such US LIBOR rate plus the spread thereover is hereinafter defined as the Secured Funding Rate. 

  

	1.2	Subsequently, the Unsecured Funding Rate will be calculated by determining the US LIBOR rate applicable to each of the two eligible USD-tickets (if necessary using
linear interpolation, if such USD-ticket has a tenor other than a published tenor) plus the spread thereover, whereafter the Unsecured Funding Rate for the tenor of the relevant Financing Arrangement is determined by linear interpolation of the
unsecured funding rate of the two USD-tickets. 

  

	1.3	A USD-ticket is eligible if 

  

	 	(a)	the trade date of a selected USD ticket is in a period starting (and including) ten business days prior to the trade date of the Financing Arrangement and ending (and
including) ten business days after such trade date (where in this Schedule a business day is a day (other than a Saturday or Sunday) on which banks are open for general business in Amsterdam, London and New York); and

  

	 	(b)	the size of a selected USD ticket closely resembles the size of the Financing Arrangement, which is the case, if the initial cash amount of a USD ticket does not deviate
more than 25% from the initial cash amount of the Financing Arrangement, or if, in case the initial cash amount of the Financing Arrangement is equal to or more than USD 150 million, the initial cash amount of the USD ticket is also more than
USD 150 million; and 

  

	 	(c)	the tenor of a selected USD ticket may not deviate more than 30 days from the tenor of the relevant Financing Arrangement and the tenor of one USD ticket must be shorter
than the tenor of the relevant Financing Arrangement and the tenor of the other USD ticket must be longer than the tenor of the relevant Financing Arrangement; and 

 

	 	(d)	if in between the trade date of a USD ticket and the trade date of the relevant Financing Arrangement or in between the trade date of the relevant Financing Arrangement
and the trade date of a USD ticket (i) a mutation in the rating of the short-term, unsecured, unsubordinated and unguaranteed debt obligations of ING Bank N.V. or its successor, or (ii) a publication of financial statements affecting the
creditworthiness of ING Bank N.V., has occurred, then such ticket will not be eligible for determining the costs of unsecured funding, unless such occurrence increases or should increase the Transaction Funding Benefit; and 

 

	 	(e)	 overriding principle: notwithstanding any other provisions in this Schedule, if a USD ticket complies with the parameters sub (a) and (b) of
this paragraph and has a tenor that is equal 

  
 144 

	 	
to the tenor of the relevant Financing Arrangement, then no linear interpolation is required and the Unsecured Funding Rate may be determined on the basis of that USD-ticket alone.

  

	2.	Comparison with cost of funding of EUR funding (“EUR tickets”) 

 If no or only one USD-ticket is eligible, then instead of a USD-ticket a EUR-ticket may be used, provided that it complies with the eligibility criteria of A (3) and this EUR-ticket is converted
in a synthetic USD-ticket by means of a EUR/USD basis swap, the costs of which are based on a quote given by ICAP therefore at the joint request of the State and ING. 
  

	3.	Appointment of third party 

 If
neither procedure A nor B renders sufficient tickets to determine a Transaction Funding Benefit in respect of the relevant Financing Arrangement, the State and ING Bank will jointly appoint an independent third party expert (not being an affiliate
of any of the parties) to determine the Transaction Funding Benefit (as defined below) as it may deem commercially reasonable. The determination by such third party expert shall be binding on the parties. 

 

	4.	Determining Excess Funding Benefit Amount 

 The Excess Funding Benefit Amount payable in respect of an annual period as referred to in Clause 15.1(b) of the Agreement will be the sum of all Transaction Funding Benefits in respect of such annual
period minus the amounts received by the State pursuant to Clause 15.1(a) of the Agreement in respect of such annual period. 
 A
Transaction Funding Benefit means in respect of a Financing Arrangement, an amount equal to either (a) (the difference between the Unsecured Funding Rate and the Secured Funding Rate) multiplied by the initial cash amount of the relevant
Financing Arrangement, calculated over the tenor of the relevant Financing Arrangement, on the basis of the day count fraction applicable to the relevant Financing Arrangement, or (b) the amount determined by the third party expert pursuant to
(c), minus upfront fees as referred to in the respective transaction confirmation (i.e. in case of repurchase agreements, the repo confirmation), provided always that, to the extent the tenor extends over more than one annual
calculation period as set out in Clause 15.1(b) of the Agreement, the Transaction Funding Benefit will be allocated to each such period on a pro rata basis, based on the number of days in which the Financing Arrangement is outstanding in each of
such annual calculation periods, and further only to the extent that the amount resulting from the total calculation in this paragraph is larger than zero. 
  

	5.	Periodic reporting 

 ING will
report on a quarterly basis to the Dutch State the aggregate Transaction Funding Benefits. 

  
 145 

 SIGNATORIES 

 

			
	ING GROEP N.V.
		
	 By:
	 	
		
	 Title:
	 	
		
	 By:
	 	
		
	 Title:
	 	

  

			
	ING BANK N.V.
		
	By:	 	
		
	Title:	 	
		
	By:	 	
		
	Title:	 	

  

			
	THE STATE OF THE NETHERLANDS
		
	 By:
	 	
		
	 Title:
	 	

  
 146

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