Bumper 7

The Bumper 7 transaction closed on 28 April 2016, whereby EUR 720 million of lease receivables and associated residual value receivables originated by LeasePlan Deutschland GmbH (the “originator”) were sold to Bumper 7 S.A., a bankruptcy remote special purpose company specially incorporated for the purpose of securitisation transactions.

The debt securities issued in April 2016 are divided into Class A Notes (EUR 500 million), Class B Notes (EUR 49.1 million), a subordinated loan (EUR 135 million) and a junior subordinated loan (EUR 36 million). The notes are listed on the Luxembourg Stock Exchange. Class A Notes were rated AAA (sf) by S&P, Aaa (sf) by Moody's and AAA (sf) by DBRS. Class B Notes were rated AA (sf) by S&P, Aa2 (sf) by Moody's and AA (high) by DBRS at closing.

The current rating for the Class A notes is AAA (sf) by S&P, Aaa (sf) by Moody's and AAA (sf) by DBRS and for the Class B Notes AAA (sf) by S&P, Aaa (sf) by Moody's and AA (high) by DBRS.

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