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    Bumper 1

    The initial value of the transaction was €1,109.0 million. In September 2008 a tap-issue was completed to increase the value of Bumper 1 to €1,274.3 million.

    Rating:Fitch
    Closing:December 2006
    Fully Redeemed:January 2011 More Info

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    Netherlands
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    Bumper 2

    The value of transaction is €875.6 million divided into class A-notes (€602.4 million), class B-notes (€47.3 million) and class C-notes (€225.9 million).

    Rating:Fitch and S&P
    Closing:March 2011
    Fully Redeemed:July 2015 More Info

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    Germany
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    Bumper 3

    The value of transaction is £887.1 million divided into class A-notes (€733.8 million), class B-notes (£79.9 million) and class C-notes (£142.0 million)

    Rating:Fitch
    Closing:April 2009
    Fully Redeemed:September 2012 More Info

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    UK
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    Bumper 4

    The value of transaction is €1,019.6 million divided into class A-notes (€703.5 million), class B-notes (€40.7 million) and a subordinated loan (€275.5 million).

    Rating:Moody’s and S&P
    Closing:April 2011
    Fully Redeemed:September 2014 More Info

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    Netherlands
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    Bumper 5

    The value of transaction is £837.7 million divided into class A-1 notes (€445.8 million), class A-2 notes (£212.1 million) class B-notes (£46.1 million) and class C-notes (£209.5 million)

    Rating:Fitch and S&P
    Closing:April 2012
    Fully Redeemed:March 2015 More Info

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    UK
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    Bumper 6

    The value of transaction is € 715 million divided into class A-notes (€ 501 million), class B-notes (€ 36) and a subordinated loan (€ 178 million).

    Rating:S&P, Moody's & DBRS
    Closing:November 2014
    Fully Redeemed:N/A More Info

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    Netherlands
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    Bumper 7

    The value of the transaction is € 720 mln divided into Class A Notes (€ 500 mln), Class B Notes (€ 49.1 mln), a subordinated loan (€ 135 mln) and a junior subordinated loan (€ 36 mln).

    Rating:S&P, Moody's & DBRS
    Closing:April 2016
    Fully Redeemed:N/A More Info

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    Germany
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    Bumper 8

    The value of this transaction is £545 million divided into class A-notes (€400 million), class B-notes (£25 million) and class C-notes (£120 million)

    Rating:S&P, Fitch and DBRS
    Closing:February 2017
    Fully Redeemed:N/A More Info

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    UK
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    Bumper 9

    The value of transaction is € 700 million divided into class A-notes (€ 542.5 million), class B-notes (€ 31.5 million) and a subordinated loan (€ 126 million).

    Rating:Moody's & DBRS
    Closing:July 2017
    Fully Redeemed:N/A More Info

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    Netherlands

Introduction to Bumper

LeasePlan has concluded several public and privately placed securitisation transactions through its securitisation programme Bumper.

The main objective of the Bumper Programme is to achieve a broad diversification of funding sources. The Bumper transactions are auto ABS transactions backed by the lease receivables and the residual value claims of a LeasePlan subsidiary’s fleet of vehicles.

 

Funding Strategy

LeasePlan – a regulated Dutch bank – aims for matched financing from a widely diversified funding base. With this as an underlying strategy LeasePlan adapts to its current financial surroundings to ensure the availability of cost-effective and sustainable matched funding to meet the on-going liquidity needs for the group.

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