SNS Bank N.V. Monthly Investor Report. Reporting period: 1 February February Reporting Date: 26 March 2015

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1 Monthly Investor Report Reporting period: 1 February February 2015 Reporting Date: 26 March 2015 AMOUNTS ARE IN EURO Intertrust Administrative Services B.V. Report Version June 2014

2 Table of Contents Covered Bonds Asset Cover Test Counterparty Credit Ratings & Triggers Ledgers & Investments Regulatory Information Delinquencies Stratifications Glossary Contact Information Page / 36

3 Covered Bonds Initial Principal Outstanding Issuance IRS Series ISIN Currency Balance Amount Date Date Counterparty Series 2 XS EUR , ,00 5,8600% SNS Bank Series 5 XS EUR , ,00 5,4700% Commerzbank Series 6 XS EUR , ,00 5,5000% SNS Bank Series 8 XS EUR , ,00 3,5000% Royal Bank of Scotland PLC Series 9 XS EUR , ,00 3,6250% Royal Bank of Scotland PLC / DZ Bank regcb1 EUR , ,00 4,2400% Unicredit Bank regcb2 EUR , ,00 4,2400% Unicredit Bank regcb3 EUR , ,00 4,2500% DZ Bank AG regcb4 EUR , ,00 4,2200% DZ Bank AG regcb5 EUR , ,00 4,3200% Unicredit Bank regcb6 EUR , ,00 4,1000% Commerzbank regcb8 EUR , ,00 4,2850% Unicredit Bank regcb9 EUR , ,00 4,3000% DZ Bank AG regcb10 EUR , ,00 4,4500% Unicredit Bank Series 10 XS EUR , ,00 3,5000% Societe Generale regcb11 EUR , ,00 3,3800% Commerzbank regcb12 EUR , ,00 3,9000% Unicredit Bank Series 11 XS EUR , ,00 2,1250% Natixis S.A. / The Royal Bank of Scotland Plc 3 / 36

4 Asset Cover Test Asset Cover Test Determination Date A ,37 B 0,00 C 0,00 D 0,00 E 0,00 X Y ,12 Y ,95 Z 0,00 Total: A+B+C+D+E-X-Y1-Y2-Z ,30 Outstanding bonds ,00 Pass/Fail Pass ACT Cover Ratio 102,04% Parameters Asset percentage 75,00% Cap LTV Cut-Off indexed valuation % non-nhg 80,00% Cap LTV Cut-Off indexed valuation % NHG 80,00 % % of Index Increases 100,00% % of Index Decreases 100,00% Reserve Fund ,63 Supplemental Liquidity Reserve Amount 0,00 Deduction Set-Off 0,00 Ratings S&P Moody's Fitch NR Aa2 AA+ Other UCITS compliant CRR compliant ECBC Label compliant True True True 4 / 36

5 Counterparty Credit Ratings & Triggers* Role Issuer Issuer Issuer Issuer Servicer Account Bank Total Return Swap Provider Total Return Swap Stand-by Facility Provider Total Return Swap Stand-by Facility Provider Fitch (ST/LT) Moody's (ST/LT) Party Rating Trigger Current Rating Rating Trigger Current Rating Consequence if breached** F1 / A- F2 / BBB+ P-1 / - P-2 / Baa2 [Item Y1 of Asset Cover Test is activated] - / BBB- F2 / BBB+ - / Baa3 P-2 / Baa2 [Asset monitor trigger] F1 / A F2 / BBB+ P-1 / - P-2 / Baa2 [Reserve fund build up trigger] F1 / A F2 / BBB+ P-1 / - P-2 / Baa2 - / BBB- F2 / BBB+ - / Baa3 P-2 / Baa2 Rabobank International F1 / A F1+ / AA- P-1 / - P-1 / Aa2 [Item Y2 of Asset Cover Test is activated] [Negotiate agreement with a backup servicer] [Replacement of GIC Provider or obtain guarantee] F1 / A F2 / BBB+ P-1 / A2 P-2 / Baa2 [Novation Trigger] Rabobank International F1 / A F1+ / AA- P-1 / A2 P-1 / Aa2 [Total return swap Stand-by first counterparty trigger (collateral posting)] Royal Bank of Scotland PLC F1 / A F1 / A - / A3 P-2 / Baa1 [Total return swap Stand-by first counterparty trigger (collateral posting)] Interest Rate Swap Counterparty Commerzbank F1 / A F1+ / A+ P-1 / A2 P-2 / Baa1 [First Interest Rate Swap Trigger: collateral posting] Interest Rate Swap Counterparty Royal Bank of Scotland PLC F1 / A F1 / A - / A3 P-2 / Baa1 [First Interest Rate Swap Trigger: collateral posting] Interest Rate Swap Counterparty Interest Rate Swap Counterparty Interest Rate Swap Counterparty Interest Rate Swap Counterparty Societe Generale F1 / A F1 / A P-1 / A2 P-1 / A2 DZ Bank F1 / A F1+ / A+ P-1 / A2 P-1 / A1 Unicredit Bank F1 / A F1+ / A+ P-1 / A2 P-2 / Baa1 Natixis SA F1 / A F1 / A P-1 / A2 P-1 / A2 [First Interest Rate Swap Trigger: collateral posting] [First Interest Rate Swap Trigger: collateral posting] [First Interest Rate Swap Trigger: collateral posting] [First Interest Rate Swap Trigger: collateral posting] Interest Rate Swap Counterparty F1 / A F2 / BBB+ P-1 / A2 P-2 / Baa2 * Transaction specific counterparties and triggers to be inserted and applicable Credit Rating Agencies to be selected ** Event is triggered when credit rating is below the rating as mentioned in the table [First Interest Rate Swap Trigger: collateral posting] 5 / 36

6 Ledgers & Investments Ledgers Revenue Ledger 0,00 Principal Ledger 0,00 Reserve Fund Ledger ,63 Total ,63 Investments Substitution Assets Balance 0,00 Authorised Investments Balance 0.00 Total 0,00 6 / 36

7 Regulatory Information CRR Article 129 Article 129 CRR "Exposures in the form of covered bonds" (7) Exposures in the form of covered bonds are eligible for preferential treatment, provided that the institution investing in the covered bonds can demonstrate to the competent authorities that: (a) it receives portfolio information at least on: (i) the value of the covered pool and outstanding covered bonds; value of the cover pool table Portfolio characteristics value of the outstanding covered bonds table Covered Bonds (ii) the geographical distribution and type of cover assets, loan size, interest rate and currency risks; geographical distribution of cover assets type of cover assets table Portfolio Characteristics loan size table Outstanding Loan Amount interest rate risk and currency risk table Covered Bonds for coupon and currency information of the covered bonds (iii) the maturity structure of cover assets and covered bonds; and maturity structure of cover assets (iv) the percentage of loans more than ninety days past due; (b) the issuer makes the information referred to in point (a) available to the institution at least semi annually. table Geographical Distribution maturity structure of covered bonds table Legal Maturiy table for coupons of mortgages table Counterparty Ratings & Triggers for IRS/TRS information See base prospectus for information about hedging Only EUR denominated mortgages: see BP table Covered Bonds table Delinquencies table Portfolio Characteristics Overcollateralization Legally required minimum OC Documented minimum OC Nominal OC 5,0% 25,0% 43,03% 7 / 36

8 Delinquencies From ( > ) Until ( <= ) Arrears Amount Aggregate % of Total Number of % of Total Weighted Weighted Outstanding Not. Mortgage Loans Average Average Amount Performing 0, ,82 98,02% ,25% 4,29% 20,97 77,52% <= 30 days , ,83 1,57% 501 1,39% 4,41% 21,58 85,02% 30 days 60 days , ,37 0,41% 132 0,37% 4,34% 21,43 82,18% 60 days 90 days 0,00 0,00 0,00% 0 0,00% 0,00% 0,00 0,00% 90 days 120 days 0,00 0,00 0,00% 0 0,00% 0,00% 0,00 0,00% 120 days 150 days 0,00 0,00 0,00% 0 0,00% 0,00% 0,00 0,00% 150 days 180 days 0,00 0,00 0,00% 0 0,00% 0,00% 0,00 0,00% 180 days > 0,00 0,00 0,00% 0 0,00% 0,00% 0,00 0,00% Total , ,02 100,00% ,00% 4,29% 20,98 8 / 36

9 Stratifications 1. Portfolio Characteristics As per Reporting Date Principal amount ,02 Value of saving deposits ,86 Net principal balance ,16 Construction Deposits 0,00 Net principal balance excl. Construction and Saving Deposits ,16 Number of loans Number of loanparts Average principal balance (borrower) ,59 Average principal balance (loanpart) ,71 Weighted average current interest rate 4,29% Weighted average maturity (in years) 20,98 Weighted average remaining time to interest reset (in years) 2,79 Weighted average seasoning (in years) 7,97 Weighted average Weighted average CLTIMV 86,88% Maximum current interest rate 8,90% Minimum current interest rate 1,40% Type of cover assets: Residential Mortgages Currency Portfolio: EUR Legally required minimum overcollateralization: 5.00 % Frequency of publication National Transparancy Template: Monthly 9 / 36

10 2. Redemption Type Description Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Annuity ,25 2,76% ,93% 4,16% 22,49 81,30% Bank Savings ,03 7,56% ,14% 4,54% 22,36 90,44% Interest only ,71 77,20% ,14% 4,22% 21,15 74,54% Investment ,15 3,51% ,95% 4,30% 20,22 91,63% Lineair ,36 0,20% 227 0,34% 4,13% 21,95 74,97% Savings ,52 8,77% ,51% 4,71% 18,13 87,38% Total ,02 100,00% ,00% 4,29% 20,98 10 / 36

11 3. Outstanding Loan Amount From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loans % of Total <= ,04 0,03% 72 0,20% 4,26% 17,73 24,28% 25,000-50, ,76 0,78% ,21% 4,33% 18,57 32,69% 50,000-75, ,13 2,54% ,77% 4,33% 19,22 43,23% 75, , ,99 5,73% ,00% 4,33% 19,59 54,36% 100, , ,15 19,70% ,68% 4,33% 20,27 69,16% 150, , ,37 23,91% ,58% 4,31% 20,94 80,45% 200, , ,52 18,39% ,12% 4,28% 21,43 85,76% 250, , ,16 11,05% ,95% 4,28% 21,87 85,26% 300, , ,13 5,62% ,98% 4,29% 21,75 84,29% 350, , ,90 4,58% 761 2,11% 4,23% 21,75 81,34% 400, , ,21 2,23% 326 0,90% 4,24% 21,51 87,29% 450, , ,51 1,32% 171 0,47% 4,10% 21,43 85,18% 500, , ,14 0,86% 102 0,28% 4,30% 21,19 86,41% 550, , ,68 0,66% 71 0,20% 4,08% 21,78 87,28% 600, , ,67 0,48% 48 0,13% 4,23% 20,72 85,34% 650, , ,90 0,37% 34 0,09% 3,99% 21,94 87,52% 700, , ,18 0,26% 22 0,06% 4,31% 22,29 91,19% 750, , ,06 0,30% 24 0,07% 4,09% 21,46 89,18% 800, , ,13 0,21% 16 0,04% 3,79% 19,87 78,27% 850, , ,03 0,17% 12 0,03% 3,69% 19,82 88,10% 900, , ,16 0,13% 9 0,02% 4,32% 20,39 88,35% 950,000-1,000, ,00 0,22% 14 0,04% 4,02% 21,33 83,76% > ,20 0,44% 23 0,06% 3,81% 21,96 91,84% Unknown Total ,02 100,00% ,00% 4,29% 20,98 Average Minimum Maximum 172,251 12,614 1,500, / 36

12 4. Origination Year From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total <= ,39 0,00% 5 0,01% 4,82% 12,23 76,48% ,87 0,33% 291 0,43% 4,28% 13,79 78,61% ,11 4,87% ,56% 4,26% 14,61 69,92% ,48 3,15% ,38% 4,30% 15,83 76,19% ,92 4,43% ,43% 4,33% 16,96 78,79% ,64 6,90% ,95% 4,10% 17,67 75,29% ,71 6,41% ,16% 3,96% 18,60 76,32% ,09 8,24% ,95% 4,03% 19,57 76,41% ,13 11,57% ,28% 4,25% 20,61 75,52% ,72 12,07% ,86% 4,71% 21,82 76,41% ,51 6,13% ,77% 4,90% 22,54 82,16% ,98 17,73% ,44% 4,19% 23,63 77,18% ,61 8,16% ,83% 4,08% 24,27 80,80% ,68 4,07% ,27% 4,30% 24,38 84,53% ,63 2,63% ,90% 4,44% 24,13 84,56% ,70 2,83% ,97% 4,31% 22,79 84,24% ,03 0,40% 476 0,70% 4,13% 21,90 82,22% ,82 0,07% 73 0,11% 4,11% 23,30 84,34% 2015 > Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum / 36

13 5. Seasoning From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total 1 Year ,82 0,41% 487 0,72% 4,11% 22,37 83,05% 1 Year - 2 Years ,53 2,24% ,35% 4,31% 22,92 84,16% 2 Years - 3 Years ,87 2,73% ,07% 4,42% 23,60 84,22% 3 Years - 4 Years ,54 3,91% ,04% 4,34% 24,40 84,96% 4 Years - 5 Years ,72 7,46% ,34% 4,06% 24,31 81,92% 5 Years - 6 Years ,22 17,27% ,97% 4,11% 23,72 77,24% 6 Years - 7 Years ,26 7,42% ,87% 4,92% 22,74 80,33% 7 Years - 8 Years ,57 11,20% ,07% 4,74% 21,89 76,76% 8 Years - 9 Years ,93 11,81% ,42% 4,30% 20,75 75,93% 9 Years - 10 Years ,90 8,61% ,28% 4,05% 19,68 75,94% 10 Years - 11 Years ,21 6,65% ,46% 3,95% 18,70 76,52% 11 Years - 12 Years ,14 6,52% ,69% 4,09% 17,78 74,93% 12 Years - 13 Years ,93 4,91% ,83% 4,30% 17,08 78,53% 13 Years - 14 Years ,18 3,30% ,49% 4,32% 15,98 76,74% 14 Years - 15 Years ,70 4,38% ,99% 4,26% 14,78 70,41% 15 Years - 16 Years ,51 1,15% 934 1,38% 4,25% 14,03 71,97% 16 Years - 17 Years ,65 0,02% 26 0,04% 4,00% 13,13 64,88% 17 Years - 18 Years 18 Years - 19 Years 19 Years - 20 Years 20 Years - 21 Years 21 Years - 22 Years ,74 0,00% 1 0,00% 5,05% 8,42 81,34% 22 Years - 23 Years 23 Years - 24 Years 24 Years - 25 Years 25 Years - 26 Years 26 Years - 27 Years 27 Years - 28 Years 28 Years - 29 Years 29 Years - 30 Years 30 Years > ,60 0,00% 1 0,00% 2,95% 11,75 72,37% Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 8 Years 0 Years 34 Years 13 / 36

14 6. Legal From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total ,82 0,05% 92 0,14% 4,63% 0,31 66,99% ,18 0,67% 930 1,37% 4,48% 3,86 66,32% ,39 1,49% ,28% 4,50% 8,80 70,05% ,09 7,95% ,27% 4,32% 14,53 73,36% ,43 31,10% ,12% 4,14% 18,56 78,13% ,50 52,41% ,25% 4,37% 23,26 77,60% ,61 6,32% ,56% 4,21% 26,90 84,27% > Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum / 36

15 7. Remaining Tenor From (>=) - Until (<) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total < 0 Year ,81 0,00% 5 0,01% 4,67% -0,37 48,01% 0 Year - 1 Year ,01 0,04% 87 0,13% 4,63% 0,36 68,35% 1 Year - 2 Years ,34 0,09% 109 0,16% 4,22% 1,26 61,60% 2 Years - 3 Years ,53 0,08% 135 0,20% 4,27% 2,31 65,66% 3 Years - 4 Years ,24 0,13% 178 0,26% 4,62% 3,38 66,88% 4 Years - 5 Years ,31 0,14% 199 0,29% 4,44% 4,35 66,20% 5 Years - 6 Years ,76 0,24% 309 0,46% 4,59% 5,25 67,96% 6 Years - 7 Years ,73 0,18% 204 0,30% 4,54% 6,31 72,48% 7 Years - 8 Years ,53 0,20% 222 0,33% 4,54% 7,30 69,76% 8 Years - 9 Years ,13 0,27% 287 0,42% 4,72% 8,32 69,71% 9 Years - 10 Years ,31 0,38% 382 0,56% 4,42% 9,32 70,27% 10 Years - 11 Years ,69 0,46% 451 0,67% 4,41% 10,30 69,23% 11 Years - 12 Years ,92 0,48% 443 0,65% 4,40% 11,31 73,47% 12 Years - 13 Years ,15 0,55% 496 0,73% 4,55% 12,30 74,99% 13 Years - 14 Years ,17 0,73% 641 0,95% 4,45% 13,32 74,09% 14 Years - 15 Years ,44 1,05% 872 1,29% 4,42% 14,33 78,94% 15 Years - 16 Years ,41 5,13% ,65% 4,24% 15,29 71,92% 16 Years - 17 Years ,02 4,47% ,86% 4,32% 16,31 76,70% 17 Years - 18 Years ,60 4,96% ,90% 4,33% 17,32 80,19% 18 Years - 19 Years ,05 7,42% ,19% 4,14% 18,28 77,61% 19 Years - 20 Years ,83 6,60% ,01% 4,00% 19,32 78,37% 20 Years - 21 Years ,93 7,66% ,17% 4,04% 20,32 77,95% 21 Years - 22 Years ,16 11,09% ,80% 4,21% 21,31 76,17% 22 Years - 23 Years ,65 12,57% ,10% 4,68% 22,34 76,68% 23 Years - 24 Years ,68 5,54% ,08% 4,87% 23,39 83,26% 24 Years - 25 Years ,00 15,13% ,96% 4,22% 24,36 76,64% 25 Years - 26 Years ,01 8,08% ,30% 4,06% 25,23 78,88% 26 Years - 27 Years ,33 3,46% ,56% 4,17% 26,19 84,13% 27 Years - 28 Years ,74 1,54% ,64% 4,41% 27,19 84,11% 28 Years - 29 Years ,22 1,18% 780 1,15% 4,08% 28,29 85,45% 29 Years - 30 Years ,01 0,11% 108 0,16% 3,98% 29,33 78,53% 30 Years >= ,31 0,03% 33 0,05% 3,86% 29,88 83,45% Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 21 Years 0 Years 30 Years 15 / 36

16 8. Original Loan to Original Market Value From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total NHG ,60 17,14% ,03% 4,24% 22,01 84,41% <= 10 % 10 % - 20 % ,56 0,12% 185 0,27% 4,10% 21,61 19,69% 20 % - 30 % ,03 1,09% ,80% 4,22% 20,87 25,87% 30 % - 40 % ,29 2,56% ,38% 4,09% 20,41 34,70% 40 % - 50 % ,94 5,17% ,65% 4,15% 20,42 44,02% 50 % - 60 % ,35 9,56% ,21% 4,12% 20,50 53,63% 60 % - 70 % ,52 18,66% ,68% 4,14% 21,07 62,62% 70 % - 80 % ,67 6,00% ,31% 4,31% 20,26 72,70% 80 % - 90 % ,68 9,00% ,45% 4,32% 20,87 82,57% 90 % % ,82 7,52% ,55% 4,43% 20,41 92,42% 100 % % ,29 22,21% ,57% 4,51% 20,94 104,55% 110 % % ,74 0,39% 282 0,42% 4,29% 20,73 94,11% 120 % % ,15 0,13% 97 0,14% 4,35% 20,08 92,67% 130 % % ,77 0,13% 91 0,13% 4,54% 21,24 95,73% 140 % % ,15 0,13% 112 0,17% 4,37% 21,50 100,48% 150 % > ,46 0,19% 158 0,23% 4,50% 21,37 103,84% Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 80 % 0 % 198 % 16 / 36

17 9. Current Loan To Original Market Value From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total NHG ,60 17,14% ,03% 4,24% 22,01 84,41% <= 10 % 10 % - 20 % ,44 0,23% 341 0,50% 4,08% 20,66 18,78% 20 % - 30 % ,69 1,65% ,69% 4,17% 20,34 25,76% 30 % - 40 % ,90 3,41% ,40% 4,09% 20,13 35,47% 40 % - 50 % ,72 6,18% ,62% 4,15% 20,34 45,49% 50 % - 60 % ,01 10,30% ,74% 4,12% 20,51 55,49% 60 % - 70 % ,91 17,61% ,56% 4,16% 21,11 64,60% 70 % - 80 % ,21 6,31% ,60% 4,32% 20,30 75,38% 80 % - 90 % ,79 9,11% ,37% 4,33% 20,92 85,48% 90 % % ,08 7,92% ,83% 4,45% 20,53 95,48% 100 % % ,71 19,99% ,47% 4,53% 21,04 106,73% 110 % % ,91 0,13% 117 0,17% 4,48% 20,43 112,00% 120 % % 130 % % 140 % % ,05 0,01% 3 0,00% 4,05% 18,47 148,06% 150 % > Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 78 % 18 % 148 % 17 / 36

18 10. Current Loan To Indexed Market Value From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total NHG ,60 17,14% ,03% 4,24% 22,01 84,41% <= 10 % ,49 0,01% 12 0,02% 3,83% 14,94 20,92% 10 % - 20 % ,64 0,27% 397 0,59% 4,08% 16,70 24,86% 20 % - 30 % ,71 1,53% ,56% 4,13% 19,08 28,47% 30 % - 40 % ,98 2,92% ,84% 4,13% 19,31 36,44% 40 % - 50 % ,86 4,66% ,31% 4,14% 19,44 44,79% 50 % - 60 % ,05 7,02% ,04% 4,11% 19,73 52,54% 60 % - 70 % ,69 9,72% ,00% 4,14% 20,45 59,80% 70 % - 80 % ,46 13,57% ,08% 4,18% 21,43 66,26% 80 % - 90 % ,21 7,43% ,94% 4,30% 20,47 76,95% 90 % % ,83 7,39% ,85% 4,35% 20,31 87,38% 100 % % ,31 8,53% ,97% 4,40% 20,62 94,47% 110 % % ,53 7,94% ,54% 4,44% 20,97 101,70% 120 % % ,83 8,73% ,23% 4,55% 22,38 106,54% 130 % % ,78 3,14% ,98% 4,75% 22,85 108,75% 140 % % ,05 0,03% 18 0,03% 4,95% 22,35 117,81% 150 % > Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 87 % 8 % 148 % 18 / 36

19 11. Loanpart (interest rate bucket) From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total <= 0.5 % 0.5 % % 1.0 % % ,65 0,00% 3 0,00% 1,45% 18,03 46,10% 1.5 % % ,70 0,04% 33 0,05% 1,86% 18,69 82,23% 2.0 % % ,09 0,37% 266 0,39% 2,43% 20,45 73,19% 2.5 % % ,01 7,01% ,24% 2,82% 20,64 67,47% 3.0 % % ,71 14,90% ,36% 3,25% 21,67 67,87% 3.5 % % ,60 18,13% ,68% 3,81% 20,84 82,41% 4.0 % % ,96 17,79% ,78% 4,30% 20,57 80,26% 4.5 % % ,99 21,29% ,10% 4,77% 20,78 78,96% 5.0 % % ,87 11,74% ,53% 5,24% 21,23 81,64% 5.5 % % ,32 7,00% ,57% 5,74% 21,86 78,10% 6.0 % % ,10 1,44% ,87% 6,21% 20,21 84,46% 6.5 % % ,62 0,24% 228 0,34% 6,73% 16,19 71,78% 7.0 % > ,40 0,06% 55 0,08% 7,35% 12,04 76,45% Unknown Total ,02 100,00% ,00% 4,289% 20,98 Minimum Maximum 4.3 % 1.4 % 8.9 % 19 / 36

20 12. Remaining Interest Rate Fixed Period From (>=) - Until (<) Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total < 12 Months ,76 39,38% ,30% 3,72% 20,69 77,87% 12 Months - 24 Months ,38 12,31% ,50% 4,52% 20,22 76,90% 24 Months - 36 Months ,79 11,10% ,85% 4,83% 21,29 77,71% 36 Months - 48 Months ,92 8,88% ,67% 4,89% 21,19 79,62% 48 Months - 60 Months ,63 12,13% ,46% 4,25% 21,91 77,37% 60 Months - 72 Months ,56 2,30% ,57% 5,11% 21,54 77,01% 72 Months - 84 Months ,15 2,84% ,09% 4,97% 22,05 80,24% 84 Months - 96 Months ,27 2,41% ,55% 5,13% 22,02 79,22% 96 Months Months ,43 1,64% ,78% 4,83% 21,27 79,09% 108 Months Months ,14 3,36% ,43% 3,89% 20,90 73,11% 120 Months Months ,04 0,50% 401 0,59% 4,80% 18,21 74,59% 132 Months Months ,78 0,64% 522 0,77% 5,02% 18,97 73,11% 144 Months Months ,62 1,40% 850 1,26% 5,09% 21,32 74,37% 156 Months Months ,57 0,25% 211 0,31% 5,78% 20,32 73,33% 168 Months Months ,18 0,23% 180 0,27% 5,20% 19,31 72,00% 180 Months Months ,39 0,08% 66 0,10% 5,76% 17,80 77,32% 192 Months Months ,42 0,12% 76 0,11% 5,88% 19,86 81,63% 204 Months Months ,17 0,05% 34 0,05% 5,59% 19,65 85,89% 216 Months Months ,03 0,07% 41 0,06% 5,26% 19,49 81,22% 228 Months Months ,50 0,17% 116 0,17% 4,58% 21,33 71,12% 240 Months Months ,00 0,03% 18 0,03% 5,11% 20,50 85,46% 252 Months Months ,56 0,01% 8 0,01% 4,84% 20,75 79,84% 264 Months Months ,00 0,03% 18 0,03% 5,36% 21,86 85,04% 276 Months Months ,73 0,02% 17 0,03% 5,67% 23,11 84,31% 288 Months Months ,00 0,00% 3 0,00% 6,30% 24,22 62,17% 300 Months Months ,00 0,01% 3 0,00% 5,22% 25,61 91,71% 312 Months Months ,00 0,02% 9 0,01% 5,79% 26,12 92,12% 324 Months Months 336 Months Months ,00 0,00% 1 0,00% 5,60% 18,17 108,21% 348 Months Months 360 Months >= Unknown Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 33 Months 0 Months 337 Months 20 / 36

21 13. Interest Payment Type Description Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Floating ,35 28,83% ,907% 3,48% 21,29 77,87% Fixed ,67 71,17% ,093% 4,62% 20,85 77,57% Unknown Total ,02 100,00% ,00% 4,29% 20,98 21 / 36

22 14. Property Description Description Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total House ,85 90,98% ,33% 4,28% 20,90 77,15% Apartment ,17 9,02% ,67% 4,35% 21,73 82,74% Total ,02 100,00% ,00% 4,29% 20,98 22 / 36

23 15. Geographical Distribution (by province) Province Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total Drenthe ,82 3,29% ,70% 4,18% 21,04 77,60% Flevoland ,80 3,42% ,42% 4,27% 20,10 87,17% Friesland ,26 2,42% ,84% 4,15% 21,31 75,11% Gelderland ,21 15,07% ,15% 4,22% 21,06 76,60% Groningen ,29 3,25% ,10% 4,28% 20,88 79,07% Limburg ,02 17,94% ,53% 4,44% 19,84 78,34% Noord-Brabant ,02 16,03% ,93% 4,26% 21,33 73,50% Noord-Holland ,42 11,66% ,35% 4,28% 21,59 78,26% Overijssel ,39 7,13% ,41% 4,21% 21,19 79,33% Utrecht ,97 5,96% ,11% 4,27% 21,52 76,63% Zeeland ,72 1,77% 733 2,03% 4,36% 21,16 77,56% Zuid-Holland ,10 12,06% ,42% 4,30% 21,28 79,88% Unspecified Total ,02 100,00% ,00% 4,29% 20,98 23 / 36

24 16. Construction Deposits (% of net princ. amount) From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total Not Applicable ,02 100,00% ,00% 4,29% 20,98 Total ,02 100,00% ,00% 4,29% 20,98 24 / 36

25 17. Occupancy Description Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total Owner Occupied ,02 100,00% ,00% 4,29% 20,98 Buy-to-let Unknown Total ,02 100,00% ,00% 4,29% 20,98 25 / 36

26 18. Employment Status Borrower Description Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total Employed ,44 78,38% ,12% 4,33% 20,83 79,85% Self Employed ,77 10,53% ,80% 4,17% 21,40 75,57% Student ,00 0,03% 10 0,03% 4,24% 24,59 71,50% Other ,81 11,07% ,05% 4,10% 21,66 64,11% Unknown Total ,02 100,00% ,00% 4,29% 20,98 26 / 36

27 19. Loan To Income From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total Self Certified <= ,68 0,08% 50 0,14% 4,30% 18,86 66,09% ,07 0,53% 476 1,32% 4,42% 17,71 47,21% ,37 1,67% ,48% 4,31% 18,53 47,04% ,79 3,51% ,72% 4,30% 19,21 55,53% ,16 5,68% ,79% 4,31% 19,65 62,79% ,34 9,04% ,67% 4,29% 20,14 69,89% ,96 11,80% ,47% 4,27% 20,76 75,95% ,70 14,76% ,21% 4,28% 21,41 80,67% ,52 17,58% ,98% 4,30% 21,95 82,43% ,22 13,17% ,97% 4,31% 21,92 83,67% ,57 7,67% ,88% 4,31% 21,40 85,67% ,01 3,76% 986 2,73% 4,27% 21,22 83,61% ,81 2,26% 564 1,56% 4,42% 21,03 84,57% ,87 1,49% 380 1,05% 4,21% 20,96 83,86% 7.0 > ,69 4,02% 921 2,55% 4,16% 20,43 81,17% Unknown ,26 2,97% ,48% 4,15% 18,31 74,33% Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum / 36

28 20. Debt Service to Income From (>) - Until (<=) Aggregate Outstanding Amount % of Total Nr of Borrowers % of Total <= 5 % ,85 0,97% 809 2,24% 3,61% 20,04 43,99% 5 % - 10 % ,40 7,49% ,66% 3,68% 20,30 53,91% 10 % - 15 % ,83 19,13% ,66% 3,83% 20,71 66,25% 15 % - 20 % ,75 24,89% ,90% 4,17% 20,91 78,43% 20 % - 25 % ,92 22,84% ,99% 4,53% 21,40 85,66% 25 % - 30 % ,95 13,12% ,77% 4,81% 21,76 88,48% 30 % - 35 % ,62 4,73% ,70% 4,96% 21,43 91,26% 35 % - 40 % ,65 1,82% 447 1,24% 4,89% 21,11 87,80% 40 % - 45 % ,72 0,76% 181 0,50% 4,76% 20,59 86,12% 45 % - 50 % ,47 0,41% 87 0,24% 4,44% 20,26 88,38% 50 % - 55 % ,50 0,28% 67 0,19% 4,89% 20,20 84,48% 55 % - 60 % ,74 0,15% 33 0,09% 4,58% 20,52 85,68% 60 % - 65 % ,97 0,08% 21 0,06% 4,61% 21,64 83,09% 65 % - 70 % ,35 0,07% 19 0,05% 4,20% 19,60 70,09% 70 % > ,04 0,30% 84 0,23% 4,46% 19,98 70,66% Unknown ,26 2,97% ,48% 4,15% 18,31 74,33% Total ,02 100,00% ,00% 4,29% 20,98 Minimum Maximum 20 % 0 % 734 % 28 / 36

29 21. Loanpart Payment Frequency Description Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total Monthly ,42 100,00% ,00% 4,29% 20,98 Quarterly Semi-annually ,60 0,00% 1 0,00% 2,95% 11,75 72,37% Annually Unknown Total ,02 100,00% ,00% 4,29% 20,98 29 / 36

30 22. Guarantee Type Aggregate Outstanding Amount % of Total Nr of Loans % of Total NHG Guarantee ,60 17,14% ,62% 4,24% 22,01 84,41% Non-NHG Guarantee ,42 82,86% ,38% 4,30% 20,77 76,26% Unknown Total ,02 100,00% ,00% 4,29% 20,98 30 / 36

31 23. Originator Originator Aggregate Outstanding Amount % of Total Nr of Loans % of Total BLG ,96 38,40% ,29% 4,38% 21,13 71,52% RegioBank ,47 17,49% ,27% 4,16% 20,85 80,36% SNS Bank ,59 44,11% ,44% 4,26% 20,90 81,92% Total ,02 100,00% ,00% 4,29% 20,98 31 / 36

32 24. Servicer Servicer Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total SNS Bank ,55 82,51% ,73% 4,32% 21,01 77,08% RegioBank ,47 17,49% ,27% 4,16% 20,85 80,36% Total ,02 100,00% ,00% 4,29% 20,98 32 / 36

33 25. Capital Insurance Insurance Policy Provider Aggregate Outstanding Amount % of Total Nr of Loanparts % of Total SRLEV ,52 8,77% ,37% 4,71% 18,13 87,38% No Policy / No data ,50 91,23% ,63% 4,25% 21,25 76,72% Total ,02 100,00% ,00% 4,29% 20,98 33 / 36

34 Glossary Term Definition / Calculation Account Bank ACT Asset Percentage Calculation Date Construction Deposit Credit Rating Current Balance Current Loan to Indexed Market Value (CLTIMV) means Rabobank Nederland. means Asset Cover Test. means 75% or such percentage figure as is determined from time to time in accordance with the Asset Monitoring Agreement. means the date falling two business days before each CBC Payment Date. The "relevant" Calculation Date in respect of any Calculation Period will be the first Calculation Date falling after the end of that period and the "relevant" Calculation Date in respect of any CBC Payment Date will be the last Calculation Date prior to that CBC Payment Date. means in relation to a Mortgage Loan, that part of the Mortgage Loan which the relevant Borrower requested to be disbursed into a blocked account held in his name with the relevant Seller, the proceeds of which may be applied towards construction of, or improvements to, the relevant Mortgaged Asset. means an assessment of the credit worthiness of the notes assigned by the Credit Rating Agencies. means in relation to an Eligible Receivable at any date, the aggregate (without double counting) of the Net Outstanding Principal Amount, Accrued Interest (unless it concerns calculations for either the Asset Cover Test or the Amortisation Test Aggregate Asset Amount, in which case Accrued Interest will not be included) and Arrears of Interest as at that date. means the ratio calculated by dividing the current outstanding loan amount by the Indexed Market Value. Current Loan to Original Market Value () Debt Service to Income Index Indexed Valuation IRS Loan to Income (LTI) Loanpart(s) LTV Cut-Off Percentage Date (Bonds) Minimum Overcollateralization Net Outstanding Principal Amount NHG Guarantee Nominal OC Occupancy Original Loan to Original Market Value (OLTOMV) Original Market Value Originators Outstanding Principal Amount Prematurity Liquidity Ledger Remaining Tenor Reserve Fund means the ratio calculated by dividing the current outstanding loan amount by the Original Market Value. means the ratio calculated by dividing the amount a borrower is required to pay (in interest and principal repayments) on an annual basis by the borrower(s) disposable income. means the index of increases of house prices issued by the Land Registry in relation to residential properties in The Netherlands. means in relation to any Mortgaged Asset at any date means the Original Market Value of that Mortgaged Asset increased or decreased as appropriate by the increase or decrease in the Index since the date of the Original Market Value (and if such is required for the Covered Bonds to maintain the CRD Status, as adjusted as required pursuant to the Capital Requirement Directive). means Interest Rate Swap. means the ratio calculated by dividing the original loan amount by the income of the borrower at the moment of origination of the Mortgage Loan. means one or more of the loan parts (leningdelen) of which a Mortgage Loan consists. means 80% for all Mortgage Receivables or such lower percentage as is (a) required from time to time for Covered Bonds to qualify as 'covered bonds' as defined in the CRD IV or (b) otherwise determined from time to time in accordance with the Asset Monitoring Agreement. means, subject to Condition 7(c), in respect of a Series of Covered Bonds, the relevant Interest Payment Date which falls no more than 40 years after the Issue Date of such Series and on which the Covered Bonds of such Series are expected to be redeemed at their Principal Amount Outstanding in accordance with these Conditions, as specified in the relevant Final Terms. means the minimum overcollateralization required by either law or the programme documentation. means in relation to a Mortgage Receivable, at any date, the Outstanding Principal Amount of such Mortgage Receivable less, if it is a Savings Mortgage Receivable subject to a Participation, an amount equal to the Participation on such date. means a guarantee (borgtocht) under the NHG Conditions granted by Stichting WEW. means the actual overcollateralization which is calculated by dividing (i) the total outstanding balance of the cover assets included in the cover pool by (ii) the total amount of outstanding covered bonds (both excluding accrued interest). means the way the mortgaged property is used (e.g. owner occupied). means the ratio calculated by dividing the original loan amount by the Original Market Value. means the value of the mortgaged property if the mortgaged property would be privately sold voluntarily, estimated during the assessment of the application. means and RegioBank N.V. means, in respect of a Mortgage Receivable, the aggregate principal sum (hoofdsom) due by the relevant Borrower under the relevant Mortgage Receivable and, after the occurrence of a Realised Loss in respect of such Mortgage Receivable, zero. is not applicable means the time in years from the reporting date to the maturity date of a loan. means, pursuant to the Trust Deed, if the Issuer's short-term credit rating falls below P-1 by Moody's or if the short-term issuer default rating falls below F1 (short-term) and A (long-term) by Fitch, the CBC will be required to establish a reserve fund (the "Reserve Fund") on the GIC Account which will be credited by the Issuer with an amount equal to the Reserve Fund Required Amount and such further amounts as are necessary from time to time to ensure that an amount up to the Reserve Fund Required Amount is credited to the Reserve Fund for as long as the above rating trigger is breached. Saving Deposits Seasoning Series Servicer Set-Off means savings in a bank account, pledged to the mortgage lender, which are meant to repay the loan at maturity. means the difference between the loan start date and the current reporting period. means a Tranche of Covered Bonds together with any further Tranche or Tranches of Covered Bonds which are (i) expressed to be consolidated and form a single series and (ii) identical in all respects (including as to listing) except for their respective Issue Dates, Interest Commencement Dates and/or Issue Prices. means means the right of a debtor to set-off a claim that corresponds to its debt owed to the same counterparty. 34 / 36

35 Glossary Term Supplemental Liquidity Reserve Amount X Y1 Definition / Calculation means (i) prior to the service of a Notice to Pay, an amount equal to 0% of the Adjusted Aggregate Asset Amount calculated without taking into account the factors E and X of the Asset Cover Test (or such higher or lower amount as calculated on the basis of a method notified to the Rating Agencies in connection with the funding of the Supplemental Liquidity Reserve Ledger), and (ii) following the service of a Notice to Pay, an amount equal to the Supplemental Liquidity Reserve Amount immediately prior to the service of such Notice to Pay minus an amount equal to the aggregate Current Balance of Selected Mortgage Receivables sold or refinanced to fund or replenish the Supplemental Liquidity Reserve Ledger. means an amount equal to the Supplemental Liquidity Reserve Amount. means, if the Issuer's credit rating from Moody's falls below P-1 (short-term) or if the issuer default rating falls below F1 (short term) or A- by Fitch, the sum of all amounts (the "Deposit Amount") in respect of the Mortgage Receivables, which amounts are, in respect of each Mortgage Receivable separately, the lower of: (a) the aggregate amount of the deposits, to the extent the amount thereof exceeds the amount claimable under the DGS, held by the Borrower of the Mortgage Receivable(s) with the Originators on the last day of the immediately preceding month; and (b) the aggregate Outstanding Principal Amount of such Mortgage Receivable(s) on the last day of the immediately preceding month. The Deposit Amount will be adjusted as follows. If the outcome of A(a) is lower than A(b) as described above, the Deposit Amount will be reduced with an amount equal to A(b) minus A(a) provided that the Deposit Amount will always be at least 0. If the outcome of A(a) is higher than A(b) as described above, the Deposit Amount will be reduced with the amount of the Excess Credit Enhancement. Y2 means, (i) if the Issuer's credit rating from Moody's falls below P-1 (short-term) or if the issuer default rating falls below F1 (short term) or A (long-term) by Fitch, an additional amount equal to the outstanding Principal Amount of all Mortgage Receivables on the last day of the month immediately preceding the Calculation Date multiplied by the average Monthly Payment Percentage of the twelve (12) calendar months immediately preceding the Calculation Date and multiplied by 1.5, in connection with the commingling risk or (ii) zero (a) if the Issuer's credit rating from Moody's is at least equal to P-1 (shortterm) and if the issuer default rating is at least equal to F1 (short term) and A (long-term) by Fitch or (b) if SNS Bank has taken alternative measures to reduce the commingling risk Z means (i) zero as long as the Total Return Swap is, or, after the Novation Trigger Date, the Standby Total Return Swaps are, as the case may be, in place and (ii) if a Portfolio Test is implemented as an alternative or supplement to the Total Return Swap or the Standby Total Return Swap or an alternative hedging methodology is put in place, is equal to the weighted average maturity in years of all outstanding Covered Bonds multiplied by the euro equivalent of the aggregate Principal Amount Outstanding of such Covered Bonds (and in respect of those Covered Bonds not denominated in euro, converted into euro at the respective Structured Swap Rate) multiplied by P%, where "P" means the weighted average margin of all outstanding Covered Bonds taken into consideration the remaining life of the relevant Series minus the GIC Margin agreed in the GIC. α means for each Mortgage Receivable the lower of its Current Balance and the sum of the following elements, to the extent applicable to it: (i) if it is a Savings Mortgage Receivable an amount calculated on the basis of a method notified to the Rating Agencies and subject to Rating Agency Confirmation from Moody's, related to the Savings and Accrued Savings Interest in connection with such Savings Mortgage Receivable, provided that no amount will be deducted if and to the extent that a Bank Savings Participation Agreement and/or Insurance Savings Participation Agreement (each a Participation Agreement and together the "Participation Agreements") is in place in relation to the relevant Mortgage Receivable; (ii) if it corresponds to a Construction Deposit: the amount of the Construction Deposit; (iii) if it was in breach of the Mortgage Receivable Warranties as of the relevant Transfer Date: such amount as is necessary to reduce its Adjusted Current Balance or Current Balance, as the case may be, to zero; (iv) if it is 3 months or more in arrears and it is not a Defaulted Receivable: such amount as is necessary to arrive at 30% of its Current Balance; and/or (v) if it is a Defaulted Receivable: such amount as is necessary to reduce its Current Balance to zero. β means for each Mortgage Receivable the lower of (i) the LTV Cut-Off Percentage of its Indexed Valuation and (ii) α minus L. 35 / 36

36 Contact Information Account Bank Rabobank Nederland Asset Monitor Croeselaan HG Utrecht The Netherlands Auditors KPMG Accountants N.V. Company Administrator Laan van Lagerhuize DS Amstelveen The Netherlands KPMG Accountants N.V. Laan van Lagerhuize DS Amstelveen The Netherlands Intertrust Administrative Services B.V Prins Bernhardplein JB Amsterdam The Netherlands Floating Rate GIC Provider Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (NL) Croeselaan 18 Interest Rate Swap Counterparty Commerzbank Mainzer Landstr CB Utrecht Frankfurt am Main The Netherlands Germany Interest Rate Swap Counterparty DZ BANK AG Interest Rate Swap Counterparty Platz der Republik Frankfurt am Main Germany Interest Rate Swap Counterparty Royal Bank of Scotland PLC Interest Rate Swap Counterparty 135 Bishopsgate EC2M 3UR London The United Kingdom Interest Rate Swap Counterparty Unicredit Bank Legal Advisor Kardinal-Faulhaber-Straße München Germany Issuer Originator Croeselaan BJ Utrecht The Netherlands Listing Agent Dexia Banque Luxembourg Principal Paying Agent 69 Route d'esch L-2953 Luxembourg Luxembourg Originator Regio Bank N.V. Total Return Swap Provider Croeselaan BJ Utrecht The Netherlands Natixis S.A. 30, avenue Pierre Mendès-France Paris France Societe Generale 29 Boulevard Haussmann Paris France NautaDutilh N.V. Strawinksylaan XV Amsterdam The Netherlands Croeselaan BJ Utrecht The Netherlands Dexia Banque Luxembourg 69 Route d'esch L-2953 Luxembourg Luxembourg Croeselaan BJ Utrecht The Netherlands Security Trustee Stichting Security Trustee SNS Covered Bond Company Claude Debussylaan 24 Total Return Swap Stand-by Facility Provider Rabobank Nederland Croeselaan MD Amsterdam 3500 HG Utrecht The Netherlands The Netherlands Servicer Covered Bond Company Croeselaan BJ Utrecht The Netherlands SNS Covered Bond Company Prins Bernhardplein JB Amsterdam The Netherlands Total Return Swap Stand-by Facility Provider Royal Bank of Scotland PLC 135 Bishopsgate London EC2M 3UR The United Kingdom 36 / 36