THE OFFERING OF NOTES IN THE NETHERLANDS ANTILLES

Only to licensed credit institutions

Any Notes (including rights representing an interest in a Note in global form) that are offered as part of their initial distribution or by way of re-offering in the Netherlands Antilles, shall, in order to comply with the Netherlands Antilles National Ordinance on the supervision of banking and credit institutions 1994, only be offered, sold, transferred or delivered in the Netherlands Antilles to credit institutions licensed in accordance with the Ordinance or with the benefit of an individual exemption granted by the Central Bank of the Netherlands Antilles.

Insofar as services and/or products are offered through electronic media, the rules of the Netherlands Antilles National Ordinance on Electronic Agreements have to be complied with, i.e., mention of specific information regarding the services and the identity of the provider of the services. If offers are unsolicited, those in receipt of such information should be granted the possibility to object to future issuance of this information to them.

Karel Frielink
Attorney (lawyer) / Partner

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