AMENDED AND RESTATED ILLIQUID ASSETS BACK-UP FACILITY AGREEMENT Between ING GROEP N.V. and ING BANK N.V. and STAAT DER NEDERLANDEN

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

XXXXX XXX XXXXXXXXXXX

0

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: 00000000, 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:

Xxxxxxxxxxxxxxx 000

00

Xxx. IH 04.356 1081 KL Amsterdam The Netherlands
Attention:		Jan-Xxxxxx Xxxx, General Counsel
Email:		xxx-xxxxxx.xxxx@xxx.xxx
Fax:		x00 (0)-00-000-0000

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

Staat der Nederlanden

Ministerie van Financiën

X.X Xxx 00000

0000 XX Xxx Xxxxx

Xxx Xxxxxxxxxxx

Attention:		Head of the Participations Department of the Ministry of Finance
Telephone:		x00 00 000 0000
Fax:		x00 00 000 0000

and

Attention:		Head Public Debt Administration
Telephone:		x00 00 000 0000
Fax:		x00 00 000 0000

(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) Xxxxxxxx & Xxxxxxxx, 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
000000XX0		ABN03013		A6			207,487,020				124,387,020				99,509,616				—				22.56	%			22,451,500				20,206,349.61
000000XX0		ARMT0401		8A1			52,705,000				52,705,000				42,164,000				513,250				1.80	%			760,207				684,186.54
000000XX0		ARMT0402		7A3			205,000,000				20,000,000				16,000,000				529,002				6.82	%			1,090,987				981,888.48
000000XX0		ARMT0403		2A1			167,310,000				98,000,000				78,400,000				3,588,816				6.68	%			5,236,435				4,712,791.31
000000XX0		ARMT0405		1A1			78,200,000				28,200,000				22,560,000				466,130				8.10	%			1,827,919				1,645,127.28
000000XX0		ARMT0507		2A1			115,500,000				115,500,000				92,400,000				13,727,983				39.46	%			36,465,598				32,819,038.28
000000XX0		ARMT0508		2A2_1			61,625,000				61,625,000				49,300,000				20,201,753				60.01	%			29,583,277				26,624,949.14
000000XX0		ARMT0508		3A1			75,000,000				75,000,000				60,000,000				24,278,856				61.73	%			37,039,353				33,335,418.02
000000XX0		ARMT0508		3A2_1			148,300,000				48,300,000				38,640,000				16,010,809				61.73	%			23,853,344				21,468,009.21
000000XX0		ARMT0509		3A1			35,530,000				35,530,000				28,424,000				4,050,688				73.80	%			20,977,855				18,880,069.34
000000XX0		ARMT0510		2A1			217,550,000				217,550,000				174,040,000				68,838,976				67.39	%			117,282,141				105,553,927.20
000000XX0		ARMT0511		3A1			90,220,000				90,220,000				72,176,000				29,866,082				67.74	%			48,889,072				44,000,165.05
00000XXX0		ARMT0702		1A1			154,772,000				154,772,000				123,817,600				57,206,832				86.57	%			107,186,764				96,468,087.99
00000XXX0		ALLB07O1		A2			63,706,000				63,706,000				50,964,800				13,877,078				93.73	%			47,767,105				42,990,394.18
00000XXX0		XXX00X00		0X0			82,048,000				57,048,000				45,638,400				22,856,646				78.87	%			35,993,321				32,393,988.51
00000XXX0		XXX00X00		0X0			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
00000XXX0		CWA06O14		2A1			209,625,000				15,000,000				12,000,000				5,255,210				60.01	%			7,201,368				6,481,231.20
00000XXX0		XXX00X00		0X0			192,683,000				140,000,000				112,000,000				77,057,724				86.44	%			96,815,673				87,134,106.02
00000XXX0		XXX00X00		0X0			48,171,000				10,000,000				8,000,000				1,160,666				86.44	%			6,915,405				6,223,864.32
00000XXX0		CWA0624C		A11			147,063,000				52,063,000				41,650,400				11,762,062				60.27	%			25,100,761				22,590,684.98
00000XXX0		CWA0636T		1A4			108,000,000				47,000,000				37,600,000				17,686,103				78.43	%			29,490,457				26,541,411.13
00000XXX0		CWA0636T		2A1			210,817,000				63,817,000				51,053,600				20,786,678				69.75	%			35,610,407				32,049,365.98
00000XXX0		CWA0618C		A6			137,430,200				50,000,000				40,000,000				21,068,473				84.41	%			33,762,165				30,385,948.32
00000XXX0		CWA0629T		2A16			10,591,927				10,591,927				8,473,542				5,610,517				95.17	%			8,064,344				7,257,909.60
00000XXX0		CWA0619C		A20			9,935,557				9,935,557				7,948,446				4,943,185				76.73	%			6,098,831				5,488,948.08
00000XXX0		CWA0623C		1A6			55,000,000				20,000,000				16,000,000				5,820,521				67.41	%			10,786,086				9,707,477.76
00000XXX0		CWA0623C		2A6			19,068,000				19,068,000				15,254,400				7,813,779				79.93	%			12,192,278				10,973,049.84
00000XXX0		CWA0626C		A15			5,000,000				5,000,000				4,000,000				2,142,459				84.45	%			3,378,136				3,040,322.40
00000XXX0		CWA0627C		A7			151,436,000				107,076,000				85,660,800				27,989,364				62.59	%			53,617,166				48,255,449.63
00000XXX0		CWA07HY3		3A1			147,344,000				55,914,000				44,731,200				24,535,022				89.41	%			39,995,302				35,995,771.76
00000XXX0		XXX00XX0		0X0			63,697,000				63,697,000				50,957,600				30,723,947				87.32	%			44,497,953				40,048,158.03
00000XXX0		XXX00XX0		0X0			118,928,000				67,928,000				54,342,400				30,307,007				83.89	%			45,589,289				41,030,360.49
00000XXX0		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
00000XXX0		CWA0641C		2A12			141,130,000				140,380,000				112,304,000				51,941,204				75.15	%			84,397,941				75,958,146.69
00000XXX0		CWA06H13		2A1			67,959,000				37,959,000				30,367,200				8,261,623				77.78	%			23,618,294				21,256,464.21
00000XXX0		CWA06H13		3A1			135,945,000				27,430,000				21,944,000				5,785,685				74.23	%			16,288,194				14,659,374.53
00000XXX0		CWA06H13		4A1			316,754,000				80,000,000				64,000,000				30,310,199				77.20	%			49,405,143				44,464,628.79
00000XXX0		CWA07OA4		A2			163,244,000				163,244,000				130,595,200				73,646,540				79.91	%			104,354,469				93,919,022.14
00000XXX0		XXX00XX0		X0X			57,721,000				57,721,000				46,176,800				32,198,316				91.39	%			42,202,725				37,982,452.86
00000XXX0		XXX00XX0		0X0			207,766,000				85,000,000				68,000,000				36,444,643				76.57	%			52,069,732				46,862,759.17
00000XXX0		XXX00XX0		0X0			104,209,000				104,209,000				83,367,200				49,810,542				80.19	%			66,853,244				60,167,919.93
00000XXX0		CWA07H8C		A1			347,546,000				100,000,000				80,000,000				46,859,447				87.07	%			69,658,490				62,692,641.36
00000XXX0		CWA07022		2A1			50,000,000				50,000,000				40,000,000				25,269,353				88.30	%			35,318,570				31,786,712.64
00000XXX0		CWA0723C		A3			286,450,000				30,000,000				24,000,000				13,071,954				82.93	%			19,903,055				17,912,749.69
00000XXX0		CWA0723C		A7			230,894,400				70,894,400				56,715,520				30,658,901				82.93	%			47,033,838				42,330,453.85
00000XXX0		CWA0723C		A8			57,723,600				17,723,600				14,178,880				7,664,725				82.93	%			11,758,459				10,582,613.28
00000XXX0		CWA0721C		2A1			148,680,800				30,000,000				24,000,000				14,951,018				94.15	%			22,596,493				20,336,843.51
00000XXX0		CWA07024		A1			125,000,000				25,000,000				20,000,000				10,002,367				84.85	%			16,969,242				15,272,317.44
00000XXX0		CWA07024		A2			8,928,571				8,928,572				7,142,858				3,572,274				84.85	%			6,060,444				5,454,399.59
00000XXX0		CWA07024		A4			40,000,000				25,000,000				20,000,000				10,002,367				84.85	%			16,969,242				15,272,317.44
00000XXX0		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
00000XXX0		CWA0718C		1A6			40,000,000				40,000,000				32,000,000				19,184,329				90.89	%			29,085,601				26,177,040.72
00000XXX0		XXX00XX0		X0X			200,000,000				50,000,000				40,000,000				25,271,173				87.58	%			35,031,061				31,527,954.54
00000XXX0		XXX00XX0		X0X			165,110,000				145,110,000				116,088,000				73,341,999				87.58	%			101,667,144				91,500,429.67
00000XXX0		AHM04004		IA1			204,824,500				25,000,000				20,000,000				3,008,978				21.71	%			4,342,858				3,908,572.56
00000XXX0		AHM05002		IA2			228,175,000				25,000,000				20,000,000				4,360,153				33.16	%			6,631,103				5,967,992.88
00000XXX0		AHM05004		IA3			76,914,000				18,914,000				15,131,200				2,405,433				45.36	%			6,863,647				6,177,282.48
00000XXX0		AHM06001		I1A1			600,000,000				110,000,000				88,000,000				30,670,086				53.61	%			47,179,838				42,461,854.38
00000XXX0		AHA06003		IA3			89,251,000				25,251,000				20,200,800				—				80.85	%			16,332,179				14,698,960.75
00000XXX0		AHA06002		1A2			123,694,000				30,000,000				24,000,000				7,259,753				72.55	%			17,412,560				15,671,303.99
000000XX0		AHT_1		5			61,004,000				5,500,000				4,400,000				31,116				1.65	%			72,531				65,278.08
000000XX0		AHM07001		A2			438,772,000				184,772,000				147,817,600				56,509,570				89.64	%			132,508,368				119,257,530.91
000000XX0		BAF0600A		5A1			56,349,000				31,349,000				25,079,200				13,346,527				84.84	%			21,277,552				19,149,796.59
000000XX0		BAF0600A		6A1			129,873,000				129,873,000				103,898,400				56,082,820				82.97	%			86,200,538				77,580,483.85
000000XX0		BAF0600C		4A1			105,948,000				105,948,000				84,758,400				9,426,366				59.10	%			50,093,525				45,084,172.59
000000XX0		BAF0600D		5A2			249,587,000				50,000,000				40,000,000				9,132,781				67.99	%			27,195,801				24,476,220.65
00000XXX0		BAF0400B		7A1			145,872,000				25,072,000				20,057,600				2,768,911				25.93	%			5,200,822				4,680,740.16
00000XXX0		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
00000XX00		BAF05008		2A3			73,259,000				58,259,000				46,607,200				3,954,359				70.33	%			32,780,534				29,502,480.53
00000XXX0		BAF0500F		4A1			318,581,000				30,278,000				24,222,400				9,852,148				61.97	%			15,010,004				13,509,003.62
000000XX0		BAA06006		CB1			57,621,000				28,930,000				23,144,000				4,490,356				44.66	%			10,335,923				9,302,330.89
00000X0X0		BAA06003		4CB1			47,945,000				30,845,000				24,676,000				13,047,517				76.94	%			18,985,481				17,086,932.71
00000XX00		BAA05005		1CB2			10,431,767				10,431,767				8,345,414				3,667,250				74.49	%			6,216,797				5,595,117.12
00000XXX0		BAA03002		CB2			212,518,647				49,518,647				39,614,918				1,347,017				16.55	%			6,555,652				5,900,086.82
00000XXX0		BAA03002		CB5			101,639,353				101,639,353				81,311,482				2,764,816				16.55	%			13,455,785				12,110,206.32
00000XXX0		BAA03002		NC1			50,000,000				48,400,000				38,720,000				28,359				11.48	%			4,443,283				3,998,954.88
00000XXX0		BAA03003		A2			21,012,416				21,012,416				16,809,933				1,943,635				24.50	%			4,118,462				3,706,615.43
00000XX00		BAA05006		5A2			146,259,000				60,000,000				48,000,000				8,595,527				53.66	%			25,758,175				23,182,357.90
00000XXX0		BAA03009		1CB2			134,687,000				32,187,000				25,749,600				3,010,458				30.91	%			7,959,319				7,163,387.32
00000XX00		BAA05007		2CB1			103,936,000				21,436,000				17,148,800				8,350,090				66.79	%			11,453,862				10,308,475.43
00000XXX0		BAA03010		2A2			65,013,882				15,000,000				12,000,000				1,823,767				33.67	%			4,040,111				3,636,100.08
00000XXX0		BAA03010		2A3			27,089,118				27,089,118				21,671,294				3,293,617				33.67	%			7,296,203				6,566,582.88
00000XX00		BAA05008		1CB2			60,063,500				60,063,500				48,050,800				23,975,294				74.91	%			35,995,345				32,395,810.30
00000XX00		BAA05008		1CB6			2,503,000				2,503,000				2,002,400				951,934				74.91	%			1,500,018				1,350,015.84
00000XX00		BAA05008		2CB1			56,387,000				20,000,000				16,000,000				7,968,463				71.09	%			11,375,051				10,237,546.08
00000XXX0		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
00000XX00		BAA05009		2CB1			49,738,000				36,738,000				29,390,400				13,830,082				65.80	%			19,338,954				17,405,058.23
00000XX00		BAA05010		4A1			53,944,000				28,944,000				23,155,200				7,703,946				63.85	%			14,783,653				13,305,287.86
00000XXX0		BAA04009		2CB1			10,000,000				10,000,000				8,000,000				6,508,937				100.00	%			8,000,000				7,200,000.00
00000XX00		BAA05011		4A1			57,538,000				57,538,000				46,030,400				13,441,028				64.93	%			29,887,554				26,898,798.97
00000XXX0		BAA04011		2CB1			81,736,000				81,136,000				64,908,800				18,916,986				49.13	%			31,888,959				28,700,063.27
00000XX00		BAA05012		4A1			57,331,000				27,331,000				21,864,800				9,230,849				66.64	%			14,571,266				13,114,139.15
00000XXX0		BAA05004		CB1			50,000,000				50,000,000				40,000,000				13,939,784				57.60	%			23,038,672				20,734,804.80
00000XXX0		BAA05004		CB2			88,861,000				8,599,000				6,879,200				1,334,269				47.54	%			3,270,274				2,943,246.96
00000XXX0		BAA05004		CB6			87,760,000				40,260,000				32,208,000				11,223,783				57.60	%			18,550,393				16,695,353.53
00000X0X0		BMS0400C		2A2			157,673,000				80,173,000				64,138,400				10,969,417				40.41	%			25,921,139				23,329,025.51
00000XXX0		BMS0300E		2A2			380,000,000				75,950,000				60,760,000				3,496,847				11.95	%			7,262,163				6,535,947.06
00000XXX0		BAA03004		1A3			37,268,166				37,268,166				29,814,533				3,685,963				27.61	%			8,230,551				7,407,496.09
00000XXX0		BMS0300F		2A3			290,184,000				100,000,000				80,000,000				6,159,947				14.51	%			11,605,450				10,444,905.22
00000XXX0		BMS0300G		2A1			399,396,000				180,896,000				144,716,800				10,462,410				16.93	%			24,493,649				22,044,283.78
00000XX00		BMS0400A		2A2			408,410,000				33,000,000				26,400,000				2,861,681				25.59	%			6,755,928				6,080,334.88
000000XX0		BAA07001		2A1			63,977,000				38,977,000				31,181,600				20,944,651				83.68	%			26,091,645				23,482,480.32
000000XX0		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
00000X0X0		BMS0500E		2A4			67,109,000				54,109,000				43,287,200				—				82.70	%			35,800,219				32,220,197.11
00000XX00		BMS04011		1A3			147,466,000				72,466,000				57,972,800				104,888				51.78	%			30,015,641				27,014,077.29
00000XXX0		BMS0400G		2A7			300,000,000				70,075,000				56,060,000				11,613,524				39.88	%			22,357,820				20,122,038.09
00000XXX0		BMS04007		5A8			75,000,000				47,500,000				38,000,000				—				45.80	%			17,403,227				15,662,903.96
00000XXX0		BMS0500F		2A1			225,000,000				125,000,000				100,000,000				35,045,977				66.89	%			66,886,193				60,197,573.97
00000XXX0		BMS0500G		2A3			150,548,000				150,548,000				120,438,400				5,895,858				53.06	%			63,903,554				57,513,198.25
00000XXX0		BMS0500I		2A3			130,026,000				82,026,000				65,620,800				1,274,172				53.55	%			35,138,428				31,624,585.03
00000XXX0		BAA06004		4CB1			74,584,000				17,341,000				13,872,800				7,362,017				74.12	%			10,282,719				9,254,447.28
00000XXX0		BAF06004		A3			63,376,000				43,431,000				34,744,800				647,650				53.67	%			18,648,008				16,783,207.21
00000XXX0		BAF0600G		2A1			600,000,000				10,000,000				8,000,000				3,098,973				72.84	%			5,826,814				5,244,132.96
00000XXX0		BAF0600G		2A2			404,295,000				20,000,000				16,000,000				—				44.90	%			7,183,434				6,465,090.96
00000XXX0		BAF0600H		4A1			96,040,000				96,040,000				76,832,000				20,550,849				58.07	%			44,612,760				40,151,483.89
00000XXX0		BMS0600B		4A1			197,448,000				92,448,000				73,958,400				12,776,297				60.38	%			44,657,830				40,192,047.33
00000XXX0		BAF0600J		5A1			94,539,000				94,539,000				75,631,200				16,224,097				60.01	%			45,388,032				40,849,228.95
00000XXX0		BAF0600I		1A1			411,507,000				26,435,000				21,148,000				7,754,654				73.37	%			15,515,596				13,964,036.30
00000XXX0		BAF0600I		6A1			479,555,000				25,555,000				20,444,000				7,117,197				60.13	%			12,292,582				11,063,324.17
000000XX0		BAF0700C		1A2			270,000,000				150,000,000				120,000,000				51,733,939				85.24	%			102,290,044				92,061,039.24
000000XX0		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
000000XX0		BAF0700C		4A2			136,165,000				50,000,000				40,000,000				8,410,695				80.02	%			32,009,971				28,808,973.54
000000XX0		BAF07005		7A1			37,718,200				23,417,342				18,733,874				14,518,691				87.56	%			16,403,113				14,762,801.30
000000XX0		BAF07005		7A2			5,802,800				3,602,668				2,882,134				940,544				87.56	%			2,523,556				2,271,200.40
00000XXX0		BAF0700A		2A2			58,512,000				20,000,000				16,000,000				6,403,054				76.65	%			12,263,640				11,037,275.61
00000XXX0		BAF07R01		A2			80,559,378				80,559,378				64,447,502				37,202,549				91.13	%			58,728,658				52,855,792.28
00000XXX0		BAF07004		TA1B			50,000,000				15,000,000				12,000,000				2,241,665				65.50	%			7,860,560				7,074,504.00
00000XXX0		BAF07004		2A13			90,000,000				90,000,000				72,000,000				29,188,756				85.21	%			61,347,753				55,212,977.64
00000XXX0		BAA06008		1A3			3,220,000				3,220,000				2,576,000				—				75.44	%			1,943,462				1,749,116.16
00000XXX0		BAA06008		2A2			7,649,000				7,649,000				6,119,200				3,344,164				71.34	%			4,365,658				3,929,091.84
00000XXX0		BAF04002		1CB1			113,071,000				71,851,000				57,480,800				15,058,209				52.38	%			30,108,461				27,097,614.72
00000XXX0		BSH07AC4		A1			298,563,000				49,563,000				39,650,400				21,871,740				84.45	%			33,485,957				30,137,361.11
00000XXX0		BSH07AC4		A2			63,237,000				63,237,000				50,589,600				30,256,097				84.45	%			42,724,442				38,451,997.45
00000XXX0		BSP04002		A			27,000,000				5,000,000				4,000,000				187,650				15.56	%			622,568				560,311.20
00000XXX0		BSP04010		A			38,000,000				31,000,000				24,800,000				7,266,749				30.21	%			7,492,114				6,742,902.24
00000XX00		BSAT0309		IIA3			57,127,700				57,127,700				45,702,160				4,443,813				17.77	%			8,120,911				7,308,820.07
00000XX00		BSAT0403		IIA			615,389,500				200,000,000				160,000,000				33,366,898				38.38	%			61,408,686				55,267,817.18
00000XX00		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
00000XXX0		BSAT0301		IA1			239,692,900				239,692,900				191,754,320				5,412,477				4.81	%			9,219,140				8,297,225.86
00000XXX0		BSAT0306		IA2			298,960,900				127,280,000				101,824,000				7,393,045				15.25	%			15,523,476				13,971,128.21
00000XXX0		BSHE0103		M1			10,461,000				10,461,000				8,368,800				5,096,633				60.90	%			5,096,632				4,586,968.80
00000XXX0		BSHE03A5		A5			150,000,000				37,976,826				30,381,461				4,639,648				27.34	%			8,306,894				7,476,204.95
00000XXX0		BSAA0403		A1			629,828,400				40,000,000				32,000,000				2,658,167				13.13	%			4,202,648				3,782,383.20
00000XXX0		BSAA0404		A1			474,040,000				20,000,000				16,000,000				1,823,700				17.82	%			2,851,296				2,566,166.40
00000XXX0		BSAA0406		IA			380,660,000				10,000,000				8,000,000				1,207,151				23.12	%			1,849,958				1,664,962.56
00000XXX0		BSAA0411		IA2			81,471,000				41,471,000				33,176,800				2,759,887				14.48	%			4,805,624				4,325,061.70
00000XXX0		BSAA0412		IA4			48,897,000				48,897,000				39,117,600				6,755,293				25.70	%			10,053,592				9,048,233.15
00000XXX0		BSAA0502		IIA4			229,097,500				50,000,000				40,000,000				10,496,097				37.02	%			14,806,027				13,325,424.12
00000XXX0		BSAA0507		II5A1			104,637,000				42,637,000				34,109,600				12,067,542				59.27	%			20,218,074				18,196,266.65
00000XXX0		BSAA0507		II6A1			269,657,000				175,357,000				140,285,600				56,249,885				63.81	%			89,513,166				80,561,849.04
00000XXX0		BSAA0509		II6A1			370,307,200				75,650,000				60,520,000				27,821,602				66.08	%			39,993,655				35,994,289.75
000000XX0		BSAA0604		II3A2			173,855,000				168,855,000				135,084,000				7,319,585				62.97	%			85,061,957				76,555,761.54
000000XX0		BSAA0604		III3A1			252,115,000				126,320,000				101,056,000				—				23.39	%			23,637,665				21,273,898.11
0000000X0		BSHE05A9		A4			53,959,533				53,959,533				43,167,626				17,995,008				59.30	%			25,598,381				23,038,542.71
000000XX0		BSHE04A2		1A3			44,638,909				44,638,909				35,711,127				4,522,211				21.23	%			7,581,838				6,823,653.83
000000X00		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
000000XX0		BSHE04A5		A2			31,481,090				15,481,090				12,384,872				2,762,833				36.82	%			4,560,053				4,104,047.52
000000X00		BSHE05A7		A1			55,000,000				55,000,000				44,000,000				18,262,918				63.29	%			27,848,148				25,063,333.22
000000X00		BSHE05A7		A2			25,000,000				25,000,000				20,000,000				8,301,326				63.29	%			12,658,248				11,392,423.20
000000XX0		BSHE05A3		IIA1			152,260,000				50,000,000				40,000,000				11,164,726				51.27	%			20,506,213				18,455,591.52
000000X00		BSHE05A8		A1			141,176,000				55,000,000				44,000,000				16,064,154				50.25	%			22,111,169				19,900,051.93
00000XXX0		BSAT0507		IIA1			243,580,000				243,580,000				194,864,000				69,519,823				66.21	%			129,023,780				116,121,401.99
00000XXX0		BSAT0508		A1			265,123,000				130,123,000				104,098,400				—				40.18	%			41,825,378				37,642,840.21
00000XXX0		BSHE06A1		IA1			275,026,000				30,000,000				24,000,000				10,447,984				59.67	%			14,320,980				12,888,882.00
00000XXX0		BSHE06A2		IA2			53,960,900				53,960,900				43,168,720				18,457,733				60.39	%			26,070,082				23,463,073.45
00000XXX0		BSHE06A2		II2A2			11,164,533				11,164,533				8,931,626				3,240,037				54.64	%			4,879,928				4,391,935.38
00000XXX0		BSHE06S2		A1			95,000,000				4,500,000				3,600,000				1,046,063				58.27	%			2,097,573				1,887,815.52
00000XXX0		BSHE06A4		A2			63,086,000				63,086,000				50,468,800				20,205,703				63.61	%			32,101,010				28,890,909.37
00000XXX0		BSA20701		IA1			600,776,000				54,000,000				43,200,000				26,582,696				85.40	%			36,890,736				33,201,662.20
00000XXX0		BSA20701		IIA1			217,780,000				217,780,000				174,224,000				98,425,575				78.91	%			137,484,968				123,736,471.38
000000XX0		BSM96006		B4			4,824,000				1,472,924				1,178,339				107,275				18.73	%			220,735				198,661.44
000000XX0		BSM97004		B4			2,064,600				2,064,600				1,651,680				97,564				13.49	%			222,801				200,520.72
000000XX0		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
000000XX0		BSM97004		B6			1,457,796				1,457,796				1,166,237				27,771				6.17	%			71,948				64,753.20
00000XXX0		BSF07AR5		IIA1			383,210,000				50,000,000				40,000,000				23,257,090				88.95	%			35,579,208				32,021,287.56
00000XXX0		XXX00XX0		IIA2			191,605,000				84,105,000				67,284,000				39,120,752				88.95	%			59,847,786				53,863,007.80
00000XXX0		BSAT0704		II1A1			185,316,000				103,993,266				83,194,613				44,317,979				89.18	%			74,194,227				66,774,804.44
00000XXX0		XXX00XX0		XX0			75,868,000				9,000,000				7,200,000				—				86.33	%			6,215,911				5,594,320.08
00000XXX0		BSF06AR5		IIA1			550,417,000				180,000,000				144,000,000				79,174,806				81.78	%			117,761,142				105,985,027.76
00000XXX0		BSF06AR5		IIA2			275,208,000				40,000,000				32,000,000				16,485,111				81.78	%			26,169,143				23,552,228.39
00000XXX0		BSF07AR2		A2			215,458,000				16,150,000				12,920,000				6,866,402				83.81	%			10,828,462				9,745,616.15
00000XXX0		XXX00XX0		XX0X0			181,097,000				90,097,000				72,077,600				40,906,393				86.70	%			62,492,206				56,242,985.05
00000XXX0		XXX00XX0		XX0			137,807,000				129,807,000				103,845,600				48,507,241				66.25	%			68,801,575				61,921,417.81
00000XXX0		XXX00XX0		XXX0X			118,614,000				118,614,000				94,891,200				56,418,658				88.26	%			83,750,610				75,375,548.80
00000XXX0		BVM04002		A4			91,857,000				91,857,000				73,485,600				10,726,630				28.19	%			20,714,791				18,643,312.07
00000XXX0		CWF06013		1A22			50,000,000				50,000,000				40,000,000				2,913,959				50.34	%			20,135,343				18,121,808.81
00000XXX0		CWF07004		1A13			153,624,270				153,624,270				122,899,416				40,285,154				80.63	%			99,097,970				89,188,172.85
00000XXX0		CWF07004		1A50			75,000,000				75,000,000				60,000,000				22,062,818				82.10	%			49,260,124				44,334,111.62
00000XXX0		CWF07005		A30			119,377,000				100,000,000				80,000,000				21,835,825				88.61	%			70,887,557				63,798,801.19
00000XXX0		CWF07008		1A11			57,000,000				57,000,000				45,600,000				17,985,053				83.11	%			37,899,479				34,109,531.49
00000XXX0		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 - Xxxxx Xxxxx
00000XXX0		XXX00X00		XX00			248,547,000				108,547,000				86,837,600				35,234,186				72.51	%			62,966,887				56,670,198.68
00000XXX0		XXX00X00		XX00			20,000,000				20,000,000				16,000,000				6,299,855				74.59	%			11,934,767				10,741,290.48
00000XXX0		CMA07A07		IIA2			40,000,000				40,000,000				32,000,000				18,728,365				90.74	%			29,036,082				26,132,474.16
00000XXX0		CSM06004		1A11			44,100,000				20,000,000				16,000,000				6,735,820				70.85	%			11,335,476				10,201,928.40
000000XX0		CWF05HY9		3A1A			210,000,000				200,000,000				160,000,000				62,827,349				64.55	%			103,279,241				92,951,316.58
00000X0X0		CWA056CB		1A3			200,000,000				75,000,000				60,000,000				15,819,644				50.37	%			30,224,579				27,202,120.81
00000X0X0		CWA056CB		1A4			506,500,000				132,500,000				106,000,000				27,948,038				50.37	%			53,396,756				48,057,080.10
00000XX00		CWA04033		3A1			160,608,000				136,488,000				109,190,400				16,192,735				26.29	%			28,702,062				25,831,855.66
00000XXX0		CWA041T1		A3			29,901,900				29,901,900				23,921,520				—				10.51	%			2,514,318				2,262,886.55
00000XXX0		CWA044CB		3A1			52,046,000				37,046,000				29,636,800				2,776,278				19.23	%			5,698,762				5,128,885.48
00000XX00		CWA0430C		1A1			90,744,055				15,744,055				12,595,244				132,642				21.13	%			2,661,006				2,394,905.20
00000XXX0		CWA049T1		A1			121,077,273				121,077,273				96,861,818				5,090,039				40.78	%			39,497,442				35,547,697.45
00000XXX0		CWA049T1		A2			12,107,727				12,107,727				9,686,182				509,004				40.78	%			3,949,744				3,554,769.60
00000XXX0		CWA04J05		2A1			310,943,000				20,943,000				16,754,400				1,060,020				12.33	%			2,066,159				1,859,543.27
00000XXX0		CWA0416C		4A1			116,100,000				116,100,000				92,880,000				2,890,089				17.70	%			16,443,745				14,799,370.93
00000XXX0		CWA0414T		A13			36,888,800				36,388,800				29,111,040				5,542,407				40.22	%			11,708,891				10,538,002.07
00000XXX0		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
00000XXX0		CWA0418C		2A5			201,366,500				87,366,500				69,893,200				2,584,377				14.13	%			9,876,240				8,888,616.28
00000XX00		CWA0436C		2A1			234,000,000				149,000,000				119,200,000				20,164,484				37.90	%			45,179,090				40,661,180.74
00000XX00		CWA05J01		2A1			76,616,000				48,886,000				39,108,800				7,918,763				51.67	%			20,208,573				18,187,715.54
00000XXX0		CWA0426T		A1			328,345,000				30,000,000				24,000,000				4,829,818				33.52	%			8,044,177				7,239,759.11
00000XXX0		CWA0427C		A1			252,491,000				25,000,000				20,000,000				5,039,144				38.38	%			7,676,345				6,908,710.32
00000XX00		CWA053CB		1A5			116,305,555				91,305,555				73,044,444				18,211,213				48.35	%			35,317,341				31,785,606.87
00000XXX0		CWA0428C		2A7			95,000,000				95,000,000				76,000,000				7,815,837				31.58	%			23,997,736				21,597,962.04
00000XXX0		CWA0429C		A8			72,676,922				72,676,922				58,141,538				2,141,172				23.15	%			13,462,177				12,115,959.17
00000XXX0		CWA0429C		A10			220,000,000				100,000,000				80,000,000				10,591,795				34.73	%			27,784,150				25,005,734.64
00000XXX0		CWA0513C		A1			413,200,000				10,000,000				8,000,000				2,234,495				53.47	%			4,277,431				3,849,688.08
00000XXX0		CWR0512R		A2			223,811,596				98,811,596				79,049,277				11,667,060				31.05	%			24,548,330				22,093,497.07
00000XXX0		CWA05014		2A2			66,932,000				19,877,500				15,902,000				2,852,715				26.26	%			4,175,644				3,758,079.60
00000XXX0		CWA05014		4A1			137,012,000				28,987,000				23,189,600				4,233,472				25.96	%			6,021,072				5,418,965.09
00000XXX0		CWA0519C		A1			231,462,073				9,401,750				7,521,400				2,068,613				53.63	%			4,033,430				3,630,086.64
00000XXX0		CWA0519C		A2			105,210,032				105,210,032				84,168,026				23,148,761				53.63	%			45,135,985				40,622,386.32
00000XX00		CWA05027		1A1			70,000,000				70,000,000				56,000,000				11,876,549				30.77	%			17,229,556				15,506,600.41
00000XXX0		CWA0523C		A3			40,000,000				40,000,000				32,000,000				8,347,391				52.54	%			16,812,443				15,131,198.88
00000XXX0		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
00000XX00		CWA05027		1A8			68,167,000				68,167,000				54,533,600				12,094,848				30.77	%			16,778,389				15,100,549.98
00000XXX0		CWA05016		A2			18,750,000				18,750,000				15,000,000				3,194,520				29.15	%			4,372,601				3,935,340.45
00000XXX0		CWA05016		A6			75,366,000				75,366,000				60,292,800				12,840,438				29.15	%			17,575,755				15,818,179.65
00000XXX0		CWA05024		1A1			250,652,000				144,000,000				115,200,000				24,361,323				29.48	%			33,959,469				30,563,521.76
00000XXX0		CWA05024		1A2			50,273,000				50,273,000				40,218,400				8,315,485				29.48	%			11,855,864				10,670,277.29
00000XXX0		CWA05024		2A1A			110,000,000				75,000,000				60,000,000				13,709,620				30.76	%			18,454,325				16,608,892.21
00000XXX0		CWA05024		2A2			38,188,000				23,188,000				18,550,400				3,631,817				30.76	%			5,705,585				5,135,026.57
00000XXX0		CWA05024		4A2			139,398,000				53,614,615				42,891,692				8,931,500				29.19	%			12,518,284				11,266,455.52
00000XXX0		CWA05024		4A3			83,640,000				54,002,666				43,202,133				8,330,955				29.19	%			12,608,889				11,347,999.69
00000XXX0		CWA05024		IIM			38,954,000				8,954,000				7,163,200				—				89.46	%			6,408,419				5,767,577.06
00000XXX0		CWA0525T		A2			84,737,000				84,737,000				67,789,600				17,681,838				53.89	%			36,528,782				32,875,903.91
00000XXX0		CWA0525T		A4			60,526,429				30,526,429				24,421,143				6,369,866				53.89	%			13,159,461				11,843,515.19
00000XXX0		CWA05017		1A3			122,280,000				112,280,000				89,824,000				17,512,551				27.92	%			25,082,142				22,573,927.46
00000XX00		CWA05041		2A2			107,814,000				10,000,000				8,000,000				2,018,139				35.13	%			2,810,125				2,529,112.32
00000XXX0		CWA0526C		A1			130,000,000				35,000,000				28,000,000				7,255,179				51.04	%			14,291,928				12,862,735.20
00000XXX0		CWA0526C		A7			187,123,493				75,000,000				60,000,000				15,546,812				51.04	%			30,625,561				27,563,005.03
00000XXX0		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
00000XXX0		CWA05031		1A3			70,732,000				70,732,000				56,585,600				17,084,650				38.15	%			21,590,055				19,431,049.55
00000XX00		CWA05038		A4			297,403,000				50,000,000				40,000,000				9,599,247				33.55	%			13,421,697				12,079,527.01
00000XXX0		CWA05036		3A1			215,015,000				163,015,000				130,412,000				37,241,232				42.29	%			55,153,120				49,637,807.91
000000XX0		XXX00XX0		X0X			118,747,000				118,747,000				94,997,600				54,808,758				79.03	%			75,078,148				67,570,333.40
00000XXX0		CWA05051		2A1			269,597,000				15,000,000				12,000,000				3,259,256				38.64	%			4,636,275				4,172,647.37
00000XXX0		CWA05056		3A1			259,608,000				9,500,000				7,600,000				1,247,604				23.28	%			1,769,179				1,592,261.28
00000XXX0		CWA05056		3A2			108,170,000				66,170,000				52,936,000				8,504,756				23.28	%			12,322,798				11,090,518.22
00000XXX0		CWA0553T		2A6			113,698,000				96,698,000				77,358,400				29,485,716				59.61	%			46,109,871				41,498,884.05
00000XXX0		CWA0555C		2A4			40,787,791				40,787,791				32,630,233				15,824,139				70.37	%			22,960,818				20,664,736.57
00000XXX0		CWA05058		A2			100,000,000				40,000,000				32,000,000				15,577,413				63.34	%			20,268,381				18,241,542.48
00000XXX0		CWA05063		5A1			177,693,000				79,400,000				63,520,000				24,025,207				65.86	%			41,835,775				37,652,197.28
00000XXX0		CWA05081		A2			161,209,000				80,000,000				64,000,000				32,160,938				69.19	%			44,282,578				39,854,320.59
00000XXX0		CWA0577T		1A3			78,000,000				78,000,000				62,400,000				29,183,917				68.29	%			42,614,495				38,353,045.70
00000XXX0		CWA0577T		1A4			26,000,000				26,000,000				20,800,000				9,727,972				68.29	%			14,204,831				12,784,348.08
00000XXX0		CWA0577T		2A2			258,130,400				158,130,400				126,504,320				49,574,095				65.56	%			82,933,793				74,640,414.10
00000XXX0		CWA05076		3A2			38,648,000				38,648,000				30,918,400				5,637,832				26.81	%			8,288,711				7,459,840.23
00000XXX0		CWA06J01		1A3			193,835,000				50,000,000				40,000,000				17,349,236				73.72	%			29,487,075				26,538,367.18
00000XXX0		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
00000XXX0		CWA065T2		A5			52,980,000				42,980,000				34,384,000				11,802,295				56.00	%			19,254,509				17,329,058.39
00000XXX0		CWA06H10		2A1			83,556,000				30,000,000				24,000,000				12,963,006				74.39	%			17,854,128				16,068,715.20
00000XXX0		CWA069T1		A1			246,852,572				107,852,572				86,282,058				31,948,396				61.53	%			53,091,023				47,781,920.75
00000XXX0		CWA0611C		3A1			191,593,000				27,700,000				22,160,000				7,135,867				54.16	%			12,001,346				10,801,211.77
00000XXX0		CWA0612C		A1			78,500,000				52,000,000				41,600,000				14,324,748				57.11	%			23,758,315				21,382,483.15
00000XXX0		CWA0612C		A5			100,000,000				100,000,000				80,000,000				27,760,838				57.38	%			45,907,721				41,316,949.22
00000XXX0		CWA0612C		A10			160,000,000				10,000,000				8,000,000				3,474,195				66.33	%			5,306,592				4,775,932.80
00000XXX0		CWA0612C		A11			40,000,000				40,000,000				32,000,000				13,896,781				66.33	%			21,226,367				19,103,730.48
00000XXX0		CWA067CB		1A10			50,000,000				50,000,000				40,000,000				14,520,401				57.70	%			23,081,209				20,773,088.06
00000XXX0		CWA0613T		A15			45,000,000				45,000,000				36,000,000				18,103,110				77.17	%			27,781,397				25,003,257.45
000000X00		XXX00XX0		0X0			192,739,000				30,000,000				24,000,000				10,421,776				56.72	%			13,612,720				12,251,447.70
000000XX0		CWF05019		1A1			180,562,000				50,000,000				40,000,000				7,991,429				63.84	%			25,537,774				22,983,996.78
000000XX0		CWF05HY6		3A1			69,060,000				69,060,000				55,248,000				27,392,798				69.01	%			38,126,629				34,313,966.05
000000XX0		CWF05HY6		4A1A			140,000,000				140,000,000				112,000,000				45,708,924				69.94	%			78,331,471				70,498,324.01
000000X00		CWF06OA4		A1			421,730,000				40,000,000				32,000,000				11,619,211				53.75	%			17,199,467				15,479,519.88
000000X00		CWF06OA4		A2			175,721,000				57,180,000				45,744,000				16,609,662				53.75	%			24,586,637				22,127,973.66
000000XX0		XXX00XX0		0X0			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
000000X00		CWF06006		A1			150,075,000				69,575,000				55,660,000				11,451,419				65.55	%			36,484,215				32,835,793.35
000000XX0		CWF05024		A32			50,000,572				50,000,572				40,000,458				—				57.19	%			22,876,159				20,588,543.26
000000X00		CWF06OA5		1A2			191,584,000				106,584,000				85,267,200				24,266,559				40.94	%			34,910,687				31,419,618.75
000000X00		CWF06OA5		3A2			62,001,000				40,001,000				32,000,800				11,039,516				55.33	%			17,706,697				15,936,027.29
000000XX0		CWF05027		1A2			100,000,000				100,000,000				80,000,000				4,910,841				64.84	%			51,870,710				46,683,639.07
000000XX0		CWF05028		A4			50,000,000				50,000,000				40,000,000				9,869,959				72.08	%			28,832,393				25,949,153.84
000000XX0		CWF05027		1A5			58,724,000				58,724,000				46,979,200				3,363,412				65.22	%			30,640,208				27,576,187.29
000000XX0		CWF05030		A1			33,000,000				33,000,000				26,400,000				10,146,724				93.96	%			24,806,284				22,325,655.30
000000XX0		CWF05031		4A1			135,252,000				135,252,000				108,201,600				20,261,150				64.02	%			69,275,626				62,348,063.22
000000XX0		CWF05H10		4A1			188,709,000				188,709,000				150,967,200				56,732,084				61.31	%			92,556,899				83,301,209.22
000000XX0		CWF05H10		4A2			20,967,000				5,967,000				4,773,600				—				61.31	%			2,926,660				2,633,993.69
000000XX0		CWF06003		1A2			154,857,000				39,857,000				31,885,600				7,769,432				39.57	%			12,618,216				11,356,394.40
000000XX0		CWF06003		1A3			51,619,000				21,619,000				17,295,200				4,214,249				39.57	%			6,844,299				6,159,869.28
000000X00		CWF06010		1A1			85,911,000				33,911,000				27,128,800				5,457,350				72.19	%			19,583,707				17,625,336.52
00000X0X0		XXX00XX0		0X0			229,366,000				24,097,000				19,277,600				115,441				0.70	%			134,476				121,028.04
00000X0X0		CWF01HY1		M			8,537,000				4,268,500				3,414,800				90,301				3.54	%			120,986				108,887.52
00000X0X0		XXX00XX0		0X0			383,147,000				19,600,000				15,680,000				277,604				3.73	%			584,428				525,985.06
00000X0X0		XXX00XX0		0X0			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
00000X0X0		CWF03011		A3			15,000,000				13,000,000				10,400,000				—				13.00	%			1,352,408				1,217,167.35
00000X0X0		CWF03009		A3			66,257,443				66,257,443				53,005,954				—				2.97	%			1,573,790				1,416,411.37
00000XXX0		CWF02029		A2			83,325,777				25,000,000				20,000,000				—				3.20	%			639,198				575,278.56
00000XX00		CWF03004		1A5			112,437,000				55,937,000				44,749,600				—				14.60	%			6,535,588				5,882,029.05
00000XXX0		CWF02037		A6			44,100,461				41,600,461				33,280,369				609,033				11.87	%			3,949,997				3,554,997.11
00000XXX0		CWF02037		A19			38,009,112				38,009,112				30,407,290				320,408				9.45	%			2,874,457				2,587,011.11
00000XX00		CWF03005		A11			31,100,000				4,090,000				3,272,000				20,972				8.11	%			265,454				238,908.96
00000XXX0		CWF02038		A2			125,536,000				90,000,000				72,000,000				—				10.75	%			7,738,228				6,964,404.88
00000X0X0		CWF03055		A3			28,897,109				28,897,109				23,117,687				299,392				17.73	%			4,097,946				3,688,151.05
00000X0X0		CWF03055		A6			28,196,583				18,196,583				14,557,266				1,045,568				22.63	%			3,294,855				2,965,369.86
00000XX00		CWF03036		A2			46,380,428				46,380,428				37,104,342				3,168,100				27.18	%			10,085,846				9,077,261.05
00000XXX0		CWF03021		A1			738,500,000				400,000,000				320,000,000				15,440,309				9.18	%			29,387,343				26,448,608.74
00000XXX0		CWF03J04		1A1			146,350,000				13,000,000				10,400,000				55,203				35.92	%			3,736,168				3,362,550.85
00000XXX0		CWF03027		A1			491,000,000				150,000,000				120,000,000				8,140,629				11.95	%			14,337,607				12,903,846.70
00000XXX0		CWF03J05		1A1			172,430,000				48,930,000				39,144,000				—				14.85	%			5,814,602				5,233,142.18
00000XXX0		CWF03025		A2			125,937,500				125,937,500				100,750,000				7,666,743				24.69	%			24,874,001				22,386,600.68
00000XXX0		XXX00XX0		0X0			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
00000XXX0		CWF03HY3		7A1			182,240,000				126,240,000				100,992,000				9,051,897				26.30	%			26,563,692				23,907,322.59
00000XX00		CWF03048		1A1			98,531,000				47,781,000				38,224,800				5,954,998				45.27	%			17,303,773				15,573,395.51
00000XXX0		CWF03033		A2			107,951,382				30,000,000				24,000,000				460,627				6.46	%			1,550,066				1,395,059.76
00000XXX0		CWF03046		1A1			250,301,000				200,000,000				160,000,000				14,686,367				20.08	%			32,133,298				28,919,968.42
00000XXX0		CWF03046		2A1			200,196,000				200,196,000				160,156,800				19,772,144				19.85	%			31,789,408				28,610,466.98
00000XX00		CWF03J11		1A2			51,170,000				51,170,000				40,936,000				4,787,560				30.67	%			12,556,664				11,300,997.65
00000XXX0		CWF03037		2A1			377,252,914				151,251,329				121,001,063				10,196,305				17.48	%			21,156,234				19,040,610.41
00000X0X0		CWF04020		3A1			225,736,000				135,736,000				108,588,800				8,052,191				12.21	%			13,263,887				11,937,498.53
00000XXX0		CWF03J14		1A1			107,468,000				82,468,000				65,974,400				5,450,750				27.87	%			18,384,258				16,545,832.26
00000XXX0		CWF03060		3A1			96,243,000				49,243,000				39,394,400				2,852,465				23.31	%			9,183,568				8,265,211.17
00000XXX0		CWR0361R		A3			43,705,666				20,205,666				16,164,533				929,233				20.00	%			3,233,271				2,909,943.45
00000XX00		CWF04012		14A1			41,510,000				41,510,000				33,208,000				1,530,888				7.07	%			2,348,918				2,114,026.14
00000XXX0		CWF04003		A22			93,000,000				32,200,000				25,760,000				—				17.49	%			4,504,877				4,054,389.33
00000XXX0		CWF04004		A22			41,742,967				41,742,967				33,394,374				—				20.62	%			6,887,046				6,198,341.67
00000XXX0		CWF04004		A23			40,000,000				40,000,000				32,000,000				—				20.62	%			6,599,479				5,939,531.48
00000XXX0		CWF04HY2		5A			34,925,000				34,925,000				27,940,000				7,503,646				49.98	%			13,963,466				12,567,119.33
00000XX00		CWF04016		1A2			280,000,000				100,000,000				80,000,000				6,410,706				12.06	%			9,645,334				8,680,800.89
00000XXX0		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
00000XXX0		CWF04HY3		1A			123,612,000				5,000,000				4,000,000				232,819				9.95	%			398,190				358,370.71
00000XX00		XXX00XX0		0X0			100,000,000				99,000,000				79,200,000				24,978,700				57.32	%			45,397,980				40,858,181.92
00000XXX0		CWF04023		A			374,455,000				150,000,000				120,000,000				14,254,511				16.19	%			19,422,800				17,480,519.82
00000XX00		CWF05013		A1			139,000,000				102,100,000				81,680,000				—				48.68	%			39,761,157				35,785,041.45
00000XX00		CWF05013		A4			100,000,000				75,000,000				60,000,000				7,863,946				61.16	%			36,698,236				33,028,412.20
00000XXX0		CWF04024		A5			24,039,608				24,039,608				19,231,686				9,335				35.70	%			6,865,895				6,179,305.53
00000XXX0		CWF04024		A8			16,920,686				16,920,686				13,536,549				—				26.92	%			3,643,916				3,279,524.36
00000XX00		XXX00XX0		0X0			49,941,000				49,941,000				39,952,800				12,600,619				57.32	%			22,901,217				20,611,095.59
00000XXX0		CWF04029		2A1			291,782,000				19,926,000				15,940,800				2,130,064				19.16	%			3,053,598				2,748,238.56
00000XXX0		CWF04029		3A1			270,114,000				9,000,000				7,200,000				1,403,983				27.09	%			1,950,644				1,755,579.60
00000XXX0		XXX00XX0		0X0			84,220,000				59,220,000				47,376,000				8,182,253				25.39	%			12,030,310				10,827,278.66
00000XX00		XXX00XX0		0X0			51,983,000				51,983,000				41,586,400				4,127,658				52.49	%			21,829,670				19,646,703.25
00000XXX0		CWF05004		5A1			148,821,000				73,821,000				59,056,800				13,588,046				31.88	%			18,827,076				16,944,368.60
00000XXX0		CWF05007		2A1			382,964,000				16,316,000				13,052,800				1,258,974				14.32	%			1,869,366				1,682,429.04
00000XXX0		CWF05002		2A2			160,830,000				150,830,000				120,664,000				19,222,563				22.73	%			27,422,033				24,679,829.54
00000XX00		CWF05015		A3			60,000,000				30,830,000				24,664,000				2,361,756				54.79	%			13,513,946				12,162,551.32
00000XXX0		XXX00XX0		0X0			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
00000XXX0		CWF05005		A6			260,800,000				75,000,000				60,000,000				1,192,756				47.85	%			28,707,703				25,836,932.72
00000XXX0		CWF05001		2A3			150,000,000				150,000,000				120,000,000				18,964,953				24.19	%			29,023,118				26,120,806.13
00000XXX0		CWF05006		1A1			51,666,666				51,666,666				41,333,333				6,513,513				57.35	%			23,706,629				21,335,965.72
00000XXX0		CWF05003		1A1			275,000,000				275,000,000				220,000,000				43,955,074				26.85	%			59,076,137				53,168,523.21
00000XXX0		CWF05011		4A1			246,078,000				49,315,000				39,452,000				7,049,721				24.44	%			9,643,721				8,679,348.73
00000XXX0		CWF05011		4A2			105,461,000				17,785,000				14,228,000				2,494,840				24.45	%			3,478,182				3,130,364.21
00000XXX0		CWF05011		6A1			191,542,000				9,452,000				7,561,600				942,917				17.08	%			1,291,150				1,162,035.36
00000XX00		CWF05J02		3A11			52,125,000				52,125,000				41,700,000				2,978,026				61.40	%			25,603,234				23,042,910.91
00000XXX0		CWF05HY2		2A			305,287,000				174,037,000				139,229,600				42,201,329				48.66	%			67,753,045				60,977,740.29
00000XXX0		CWF05012		2A4			327,000,000				70,165,000				56,132,000				9,568,922				62.62	%			35,151,059				31,635,952.85
00000XX00		XXX00XX0		0X0			210,748,000				210,748,000				168,598,400				70,689,924				67.26	%			113,406,693				102,066,023.30
00000XXX0		CWF05009		1A2			200,000,000				200,000,000				160,000,000				29,549,413				26.82	%			42,918,370				38,626,532.93
00000XXX0		CWF06R01		AF2			115,824,000				49,824,000				39,859,200				9,083,319				57.44	%			22,894,620				20,605,158.13
00000XXX0		CND04002		A2			47,575,358				47,575,358				38,060,286				—				32.89	%			12,517,447				11,265,702.25
00000X0X0		CMF03S05		A3			14,000,000				14,000,000				11,200,000				—				30.47	%			3,412,288				3,071,058.94
00000XXX0		CMF03S14		IIA2			57,783,000				37,783,000				30,226,400				—				50.62	%			15,299,140				13,769,226.16
00000XXX0		CMF05S01		1A6			39,000,000				19,000,000				15,200,000				—				53.45	%			8,124,137				7,311,722.97
00000XXX0		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
00000XXX0		CMF05A01		2A2			463,945,800				127,000,000				101,600,000				3,322,154				47.84	%			48,609,297				43,748,366.88
00000XXX0		CMF05A02		2A1			167,245,500				167,245,500				133,796,400				29,741,865				71.38	%			95,505,753				85,955,177.91
00000XXX0		CMF06S04		A14			71,200,000				26,200,000				20,960,000				3,039,050				65.73	%			13,776,877				12,399,189.38
000000XX0		CMF07A01		13A1			180,075,000				83,075,000				66,460,000				12,969,814				74.66	%			49,615,826				44,654,243.08
00000XXX0		CMF06S02		2A8			101,372,000				101,372,000				81,097,600				—				2.22	%			1,799,202				1,619,281.43
00000XXX0		XXX00X00		0X0			324,171,000				75,000,000				60,000,000				1,146,387				44.34	%			26,603,620				23,943,257.64
00000XXX0		CMF07S03		1A13			175,000,000				175,000,000				140,000,000				37,056,875				81.74	%			114,440,686				102,996,617.35
00000XXX0		CMF07S03		1A18			178,572,000				123,000,000				98,400,000				40,681,013				87.61	%			86,203,459				77,583,113.49
00000XXX0		CFX06002		A2B			103,408,200				28,300,000				22,640,000				11,088,988				100.00	%			22,640,000				20,376,000.00
00000XXX0		CFX05001		1A2			33,080,000				33,080,000				26,464,000				6,049,723				48.79	%			12,913,008				11,621,707.20
000000XX0		CTB8600J		A			119,385,654				15,626,394				12,501,116				—				0.16	%			19,924				17,931.60
000000XX0		CTB8600P		A			123,841,901				17,777,424				14,221,940				—				0.47	%			66,349				59,713.92
000000XX0		CTB8700A		A1			104,022,815				5,001,097				4,000,877				—				0.50	%			19,878				17,889.84
000000XX0		CTB8700B		A1			123,081,951				20,001,129				16,000,904				—				0.59	%			94,802				85,322.15
0000000X0		CMS06001		IA7			317,941,811				150,000,000				120,000,000				13,375,700				78.46	%			94,148,197				84,733,377.48
000000X00		CMS04005		IVA1			87,569,015				39,444,015				31,555,212				—				52.65	%			16,612,637				14,951,373.64
000000X00		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
000000X00		CMS05005		IA9			98,839,000				92,839,000				74,271,200				—				63.73	%			47,331,588				42,598,429.59
000000XX0		CMS04005		IA30			19,717,646				19,717,646				15,774,117				—				55.47	%			8,749,256				7,874,329.98
00000XX00		CML05007		1A4			74,921,000				74,921,000				59,936,800				21,152,027				58.34	%			34,969,804				31,472,823.47
00000XXX0		CML03UP3		A2			181,487,000				30,000,000				24,000,000				2,029,230				15.75	%			3,779,455				3,401,509.68
00000XXX0		CML03001		IIA1			150,750,000				55,750,000				44,600,000				—				43.59	%			19,442,970				17,498,672.90
00000XX00		CML05008		IA3A			95,299,000				95,299,000				76,239,200				37,039,562				71.79	%			54,732,718				49,259,446.08
00000XXX0		CML04001		1A3			6,243,125				6,243,125				4,994,500				301,401				16.16	%			807,193				726,473.52
00000XX00		CML05009		II12A2			94,800,000				20,000,000				16,000,000				6,871,005				63.81	%			10,210,281				9,189,252.72
00000XX00		CML05012		IIA2			4,377,125				4,377,125				3,501,700				2,378,695				71.24	%			2,494,534				2,245,080.96
00000XXX0		CML06AR5		1A5A			258,217,000				50,000,000				40,000,000				17,645,229				75.62	%			30,246,051				27,221,445.72
00000XXX0		CMS07003		IA5			100,000,000				100,000,000				80,000,000				5,080,162				82.88	%			66,307,736				59,676,962.26
00000XXX0		CML07006		2A4			78,757,000				39,378,500				31,502,800				15,214,662				85.41	%			26,906,763				24,216,086.88
00000XXX0		XXX00X00		XX00			50,655,000				4,000,000				3,200,000				1,381,499				81.42	%			2,605,511				2,344,960.08
00000XX00		CSF02009		IA1			244,598,300				30,000,000				24,000,000				653,815				3.70	%			887,532				798,778.80
00000X0X0		CSF04AR1		IIA1			138,555,000				69,765,000				55,812,000				4,043,493				14.94	%			8,335,702				7,502,131.72
00000XXX0		CSF03021		IIIA1			137,888,000				50,000,000				40,000,000				—				5.40	%			2,158,869				1,942,982.53
00000XX00		CSF03A28		IIA1			301,756,000				114,756,000				91,804,800				7,484,355				17.53	%			16,092,149				14,482,934.15
00000XXX0		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
00000XXX0		CSF04AR5		2A1			100,000,000				100,000,000				80,000,000				15,447,707				40.21	%			32,170,488				28,953,439.06
00000XXX0		CSF04AR6		2A1			191,240,000				116,240,000				92,992,000				16,323,412				38.19	%			35,513,224				31,961,901.19
00000XXX0		CSF04AR7		2A1			287,200,000				48,875,000				39,100,000				5,387,263				29.14	%			11,393,453				10,254,107.74
00000XXX0		CSF04005		IA8			56,768,629				29,210,000				23,368,000				—				11.90	%			2,781,025				2,502,922.06
0000000X0		CSF05008		IVA1			46,286,826				46,286,826				37,029,461				19,928,234				66.71	%			24,703,379				22,233,041.28
0000000X0		CSF05008		VA1			30,000,000				18,181,818				14,545,454				6,889,770				65.56	%			9,535,663				8,582,096.81
0000000X0		CSF05008		VIIIA1			76,152,853				49,452,853				39,562,282				12,232,458				43.16	%			17,075,353				15,367,817.52
0000000X0		CSF05009		IVA1			29,000,000				29,000,000				23,200,000				11,406,676				73.17	%			16,975,728				15,278,155.20
000000XX0		CSF05002		VA1			74,375,711				73,375,711				58,700,569				—				12.44	%			7,301,765				6,571,588.70
000000XX0		CSF05003		IIIA9			21,417,856				10,232,143				8,185,714				1,161,292				68.37	%			5,596,204				5,036,583.90
000000XX0		CSF05003		IIIA13			65,743,014				55,743,014				44,594,411				—				48.17	%			21,479,739				19,331,765.04
000000XX0		CSF05004		IIA1			50,000,000				50,000,000				40,000,000				12,566,202				54.48	%			21,791,401				19,612,260.72
000000XX0		CSF05005		IIIA1			20,235,134				20,235,134				16,188,107				5,505,445				57.38	%			9,288,742				8,359,868.16
000000XX0		CSF05005		IIIA2			66,486,866				66,486,866				53,189,493				18,089,319				57.38	%			30,520,151				27,468,136.30
000000XX0		CSF05010		XA3			59,668,000				17,668,000				14,134,400				4,952,249				49.39	%			6,981,370				6,283,232.64
000000X00		CSM06003		2A10			33,934,671				33,934,671				27,147,737				5,014,355				71.45	%			19,396,105				17,456,494.43
000000X00		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
000000XX0		CSF05012		3A1			100,904,862				100,904,862				80,723,890				26,410,575				50.85	%			41,044,106				36,939,695.75
000000XX0		CSM06001		1A2			14,646,924				14,646,924				11,717,539				8,970,124				97.49	%			11,423,463				10,281,116.88
000000XX0		CSM06001		1A3			154,772,000				114,772,000				91,817,600				28,625,309				65.87	%			60,480,563				54,432,507.12
000000XX0		CSM06002		2A1			70,814,000				70,814,000				56,651,200				11,511,100				72.58	%			41,116,082				37,004,473.81
000000XX0		CSM06002		6A1			94,096,000				94,096,000				75,276,800				17,174,796				75.25	%			56,644,950				50,980,455.43
0000X0XX0		CSF04007		IIA2			100,000,000				100,000,000				80,000,000				—				11.56	%			9,248,175				8,323,357.46
0000X0XX0		CSF04007		IIA5			28,450,009				28,450,009				22,760,007				1,209,390				24.84	%			5,653,394				5,088,054.73
00000XXX0		CSM06007		3A1			51,902,285				51,902,285				41,521,828				12,268,922				64.86	%			26,931,325				24,238,192.69
00000XXX0		CSM06007		9A3			2,575,500				2,575,500				2,060,400				—				68.72	%			1,415,872				1,274,284.80
00000XXX0		CSMC2006-7		PP			100				100				80				—				100.00	%			80				72.00
00000XXX0		CSM07005		3A1			90,000,000				50,000,000				40,000,000				27,117,626				89.98	%			35,990,010				32,391,008.64
00000XXX0		CSM07005		3A2			22,500,000				12,500,000				10,000,000				6,779,407				89.98	%			8,997,502				8,097,752.16
00000XXX0		CWA06O16		A5			182,316,000				17,316,000				13,852,800				3,571,444				69.72	%			9,657,598				8,691,837.84
00000XXX0		DSLA06A1		2A1B			138,827,000				29,500,000				23,600,000				8,157,685				57.75	%			13,628,663				12,265,796.42
00000XXX0		DSLA07A1		2A1B			111,804,000				29,303,000				23,442,400				11,792,842				85.92	%			20,141,259				18,127,133.04
00000XXX0		DAA07OA2		A2			99,958,000				99,958,000				79,966,400				45,658,914				83.43	%			66,717,160				60,045,443.84
00000XXX0		DAA07OA3		A1			745,364,000				150,000,000				120,000,000				79,213,282				92.75	%			111,295,177				100,165,659.26
00000XXX0		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
00000XXX0		XXX00XX0		X0X			165,000,000				40,133,818				32,107,054				13,006,633				58.34	%			18,730,803				16,857,722.95
000000XX0		XXX00XX0		X0X			205,500,000				9,950,000				7,960,000				937,139				34.49	%			2,745,676				2,471,108.40
00000XXX0		XXX00XX0		XX0X			420,000,000				52,787,000				42,229,600				27,010,568				90.30	%			38,133,479				34,320,130.84
00000XXX0		XXX00XX0		X0X			312,883,000				214,883,000				171,906,400				110,273,694				90.11	%			154,898,299				139,408,468.93
000000XX0		DMS04003		IIAR2			134,639,000				31,139,000				24,911,200				764,659				6.46	%			1,610,218				1,449,195.86
000000XX0		DMS04004		VAR1			62,919,400				36,619,400				29,295,520				8,007,541				44.26	%			12,967,583				11,670,825.07
000000XX0		DMS04005		A3			76,500,000				25,000,000				20,000,000				11,172,652				100.00	%			20,000,000				18,000,000.00
00000X0X0		FHMT04A3		IA1			24,469,000				5,000,000				4,000,000				757,966				26.42	%			1,056,767				951,090.30
00000X0X0		FHMT0405		IIAPO			486,965				486,965				389,572				17,397				29.34	%			114,294				102,864.96
00000X0X0		FHAT04F1		IAPO			2,584,052				2,584,052				2,067,242				450,719				42.43	%			877,039				789,335.28
00000X0X0		FHAT04F1		IIAPO			293,487				293,487				234,790				46,935				54.31	%			127,517				114,765.12
00000X0X0		FHAT04F1		IIIAPO			947,071				947,071				757,657				71,370				32.58	%			246,847				222,162.48
00000XX00		FHMT03A3		IIA1			286,928,000				200,000,000				160,000,000				17,006,727				22.74	%			36,388,406				32,749,565.33
00000XXX0		FHMT03A1		IIA1			189,643,000				75,143,000				60,114,400				—				3.49	%			2,098,285				1,888,456.30
00000XXX0		FHAT04A4		A1			392,180,000				162,180,000				129,744,000				27,565,032				30.02	%			38,945,656				35,051,090.13
00000XXX0		FHAT04A5		IIA1			87,581,000				87,581,000				70,064,800				12,109,321				26.66	%			18,677,350				16,809,615.40
00000XXX0		FHAT04F2		IAPO			6,367,365				6,367,365				5,093,892				1,464,354				50.58	%			2,576,743				2,319,068.88
00000XXX0		FHAT04F2		IIAPO			140,219				140,219				112,175				40,526				64.51	%			72,366				65,129.76
00000XXX0		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
00000XXX0		FHMT04F1		1A1			55,976,000				25,976,000				20,780,800				1,009,560				5.03	%			1,044,971				940,474.07
00000XXX0		FHAT05F1		IA7			10,150,000				10,150,000				8,120,000				10,415,077				124.55	%			10,113,059				9,101,752.77
00000XXX0		FHAT05F1		IAPO			1,624,632				1,624,632				1,299,706				464,073				63.43	%			824,349				741,913.92
00000XXX0		FHAT05F1		IIAPO			361,050				361,050				288,840				87,583				56.77	%			163,967				147,570.48
00000XXX0		FHMT0501		IA2			15,000,000				15,000,000				12,000,000				373,818				55.43	%			6,651,927				5,986,734.65
00000XXX0		FHAT05F2		IAPO			1,559,866				1,559,865				1,247,892				436,049				70.21	%			876,156				788,540.40
00000XXX0		FHAT05F2		IIAPO			574,844				574,844				459,875				112,814				56.50	%			259,815				233,833.68
00000XXX0		FHAT05F3		IAPO			3,038,564				3,038,564				2,430,851				883,771				69.54	%			1,690,296				1,521,266.40
00000XXX0		FHAT05F3		IIAPO			430,690				430,690				344,552				80,304				54.08	%			186,326				167,693.04
00000XXX0		FHAT05F4		IAPO			2,167,001				2,167,001				1,733,601				752,327				73.09	%			1,267,116				1,140,404.40
00000XXX0		FHAT05F4		IIAPO			259,719				259,719				207,775				56,928				59.39	%			123,404				111,063.60
00000XX00		FHAT06F1		IA3			110,907,000				50,000,000				40,000,000				18,273,816				80.87	%			32,347,220				29,112,497.60
00000XXX0		FHAT06R2		A1			114,341,872				59,341,872				47,473,498				19,063,841				71.58	%			33,983,726				30,585,353.78
00000XXX0		FHAT06F6		IA5			103,500,000				96,000,000				76,800,000				27,272,049				61.24	%			47,031,320				42,328,187.64
00000XXX0		FHAT06A4		2AB3			12,212,000				12,212,000				9,769,600				—				51.57	%			5,038,371				4,534,534.08
00000XXX0		FHAT06F5		A3			205,000,000				21,300,000				17,040,000				4,179,954				50.49	%			8,603,442				7,743,097.97
00000XXX0		FHM07AR2		IIIA1			27,660,000				27,660,000				22,128,000				8,401,544				88.96	%			19,684,601				17,716,140.55
00000XXX0		FHM07AR3		IIA2			88,472,000				28,472,000				22,777,600				8,053,900				84.11	%			19,158,872				17,242,985.03
00000XXX0		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
00000X0X0		GMM04J06		2A1			148,359,556				35,000,000				28,000,000				0				42.29	%			11,840,848				10,656,763.31
00000X0X0		GSR0406F		IIA8			35,246,000				35,246,000				28,196,800				—				100.00	%			28,196,800				25,377,120.00
00000XXX0		GSM98004		A			94,317,057				15,000,000				12,000,000				706,146				8.98	%			1,077,176				969,458.40
00000XXX0		GSM99002		A			120,124,000				10,000,000				8,000,000				453,015				8.98	%			718,156				646,340.40
00000XXX0		GSRP0301		A3			116,356,000				20,000,000				16,000,000				144,679				6.71	%			1,073,586				966,227.04
00000XX00		GSR04005		2A1			192,070,000				79,000,000				63,200,000				10,177,332				27.47	%			17,361,370				15,625,232.97
00000XXX0		GSR03009		A2			160,748,000				57,748,000				46,198,400				3,033,401				15.75	%			7,275,328				6,547,795.04
0000XXXX0		GSR07OA1		2A4			200,000,000				200,000,000				160,000,000				82,441,219				76.96	%			123,141,744				110,827,569.60
0000XXXX0		GSR07OA2		2A1			105,399,000				105,399,000				84,319,200				53,192,546				89.03	%			75,066,935				67,560,241.47
000000XX0		GSR0602F		2A1			110,830,000				70,830,000				56,664,000				13,640,697				78.14	%			44,278,965				39,851,068.54
0000000X0		GSR0601F		2A12			156,139,000				153,639,000				122,911,200				23,280,808				67.56	%			83,038,682				74,734,813.77
000000XX0		GSR0506F		1A2			50,000,000				50,000,000				40,000,000				2,719,930				68.66	%			27,463,292				24,716,962.76
000000XX0		GSR0506F		3A13			100,000,000				100,000,000				80,000,000				5,926,402				57.67	%			46,137,523				41,523,770.95
000000XX0		GSR0506F		3A15			52,150,000				26,000,000				20,800,000				4,060,052				100.00	%			20,800,000				18,720,000.00
000000XX0		GSR05AR4		3A4			205,630,000				205,630,000				164,504,000				18,926,213				47.73	%			78,522,388				70,670,148.77
000000XX0		GSM05RP3		1AF			577,527,000				20,000,000				16,000,000				5,976,249				53.06	%			8,488,805				7,639,924.32
000000XX0		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
000000X00		GSR0509F		2A2			243,272,000				150,000,000				120,000,000				20,825,621				65.93	%			79,110,146				71,199,131.76
000000XX0		GSR05AR6		4A3			175,492,000				175,492,000				140,393,600				3,924,688				56.07	%			78,715,817				70,844,235.14
000000XX0		GSR0508F		2A3			57,429,000				52,429,000				41,943,200				12,832,113				100.00	%			41,943,200				37,748,880.00
000000XX0		GSR0508F		3A4			165,395,000				95,865,000				76,692,000				19,285,186				63.17	%			48,445,120				43,600,607.78
000000XX0		GSAA0620		1A2			158,240,000				17,000,000				13,600,000				10,527,031				100.00	%			13,600,000				12,240,000.00
00000X0X0		GSR05AR3		6A1			360,482,000				75,000,000				60,000,000				19,611,560				58.29	%			34,971,944				31,474,749.96
00000X0X0		GSR0505F		4A7			127,063,000				127,063,000				101,650,400				7,044,121				45.80	%			46,553,973				41,898,575.50
00000XXX0		GSR04009		5A2			44,352,000				44,352,000				35,481,600				—				29.41	%			10,433,532				9,390,179.11
00000XXX0		GSR0501F		1A1			79,000,000				79,000,000				63,200,000				3,265,275				57.41	%			36,284,523				32,656,070.96
00000XXX0		GSR0501F		2A1			145,000,000				110,000,000				88,000,000				—				43.81	%			38,556,368				34,700,731.56
00000XX00		GSR0504F		4A1			40,333,000				40,333,000				32,266,400				—				28.18	%			9,092,050				8,182,844.71
00000XXX0		GSM05RP1		1AF			685,201,000				25,000,000				20,000,000				6,071,117				43.80	%			8,759,281				7,883,353.08
000000XX0		GSR0604F		6A3			7,068,000				7,068,000				5,654,400				1,305,071				69.43	%			3,926,050				3,533,444.64
00000XXX0		GSR06AR2		4A1			190,796,000				80,285,000				64,228,000				27,288,475				72.14	%			46,336,220				41,702,598.22
00000XXX0		GSR0607F		3A5			78,342,000				25,000,000				20,000,000				3,362,961				71.72	%			14,343,696				12,909,326.27
00000XXX0		GPM04001		A			264,502,000				39,502,000				31,601,600				6,688,449				37.08	%			11,716,620				10,544,958.22
00000XXX0		GPM06OH1		A2			109,120,000				10,000,000				8,000,000				2,044,034				83.51	%			6,680,410				6,012,368.64
00000XXX0		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
00000XXX0		GPM07AR2		2A2			139,652,000				94,652,000				75,721,600				38,644,125				94.87	%			71,835,537				64,651,983.62
00000XXX0		GPM07AR3		A1			299,768,000				65,000,000				52,000,000				32,924,825				97.88	%			50,896,017				45,806,414.94
00000XXX0		GPM07AR3		A2			113,460,000				113,460,000				90,768,000				52,986,645				97.88	%			88,840,955				79,956,859.06
00000XX00		HVML0601		2A1A			623,909,000				10,000,000				8,000,000				3,449,879				60.96	%			4,877,182				4,389,463.44
00000XX00		HVML0601		2A1B			259,961,000				59,961,000				47,968,800				18,016,975				60.97	%			29,248,719				26,323,846.86
00000XXX0		HVML0401		3A			116,844,000				102,000,000				81,600,000				16,405,660				57.50	%			46,919,549				42,227,594.02
00000XXX0		HVML0401		4A			97,485,000				45,000,000				36,000,000				5,865,479				65.59	%			23,611,710				21,250,538.76
00000XXX0		HVML0402		2A1			369,107,000				53,750,000				43,000,000				2,010,973				7.92	%			3,406,830				3,066,147.28
00000XXX0		HVML0406		4A			200,513,000				50,000,000				40,000,000				6,548,240				26.96	%			10,783,845				9,705,460.68
00000XX00		XXXX00X0		0X0X			111,032,000				19,800,000				15,840,000				7,037,120				68.45	%			10,841,742				9,757,568.11
00000XXX0		HVML0408		2A4A			236,026,000				20,000,000				16,000,000				1,712,877				15.26	%			2,441,915				2,197,723.61
00000XXX0		HVML0408		3A1			64,707,000				50,000,000				40,000,000				2,851,096				11.73	%			4,693,963				4,224,566.84
00000XXX0		HVML0409		2A			142,015,000				142,015,000				113,612,000				9,527,019				11.99	%			13,623,645				12,261,280.35
00000XXX0		HVML0409		4A2			250,000,000				150,000,000				120,000,000				18,003,790				20.60	%			24,718,788				22,246,909.63
00000XXX0		HVML0410		3A1A			232,291,000				30,000,000				24,000,000				1,792,044				10.80	%			2,590,968				2,331,871.57
00000XXX0		HVML0411		3A1B			55,877,000				17,806,000				14,244,800				1,871,623				19.88	%			2,832,495				2,549,245.44
00000XXX0		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
00000XXX0		HVML0501		2A1A			420,370,000				10,000,000				8,000,000				1,241,554				21.93	%			1,754,435				1,578,991.68
00000XXX0		HVML0503		2A2			64,776,000				64,776,000				51,820,800				12,102,669				32.07	%			16,617,321				14,955,588.86
00000XXX0		HVML0508		1A2B			170,036,000				50,000,000				40,000,000				13,317,091				44.41	%			17,762,752				15,986,477.16
00000XXX0		HVML0508		2A2			166,345,000				150,000,000				120,000,000				23,605,637				29.15	%			34,980,613				31,482,551.56
00000XXX0		HVML0511		2A1B			103,606,000				40,000,000				32,000,000				7,120,090				33.61	%			10,754,626				9,679,163.41
00000XXX0		HVML0513		2A1B			149,311,000				79,311,000				63,448,800				18,230,621				39.15	%			24,838,366				22,354,529.29
00000XXX0		HVML0514		4A1A			119,491,000				119,491,000				95,592,800				48,204,842				73.88	%			70,626,160				63,563,543.61
00000XXX0		HVML0515		2A1B			113,240,000				68,240,000				54,592,000				10,618,480				31.23	%			17,048,706				15,343,835.21
00000XXX0		HVML0515		3A1B			60,181,000				60,181,000				48,144,800				15,807,946				50.63	%			24,376,554				21,938,898.26
00000XXX0		HVML0516		3A1B			188,978,000				90,978,000				72,782,400				20,431,490				39.03	%			28,405,609				25,565,048.39
00000XXX0		HVML0609		2A1B2			244,543,000				45,000,000				36,000,000				16,587,860				68.23	%			24,564,586				22,108,127.23
00000XXX0		HVML06S1		A1A			299,170,000				110,000,000				88,000,000				39,980,905				65.76	%			57,864,537				52,078,083.31
000000XX0		HVML0707		2A1A			539,536,000				90,000,000				72,000,000				41,445,498				89.78	%			64,643,496				58,179,146.18
00000XXX0		HVML0702		2A1A			541,251,000				172,000,000				137,600,000				70,152,865				88.61	%			121,921,158				109,729,042.53
00000XXX0		HVML0702		2A1B			225,520,000				50,000,000				40,000,000				16,263,201				88.61	%			35,442,197				31,897,977.48
00000XXX0		HVML0701		2A1B			244,880,000				60,000,000				48,000,000				21,715,843				68.86	%			33,051,586				29,746,426.95
00000XXX0		HVML0703		2A1A			285,874,000				35,000,000				28,000,000				13,980,832				82.09	%			22,985,114				20,686,602.79
00000XXX0		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
00000XXX0		HVML0704		2A1			394,669,000				50,000,000				40,000,000				22,883,577				86.93	%			34,772,740				31,295,466.18
00000XXX0		HVML0704		2A2			164,446,000				164,446,000				131,556,800				75,262,253				86.93	%			114,364,761				102,928,284.63
00000XXX0		HVML0705		A1A			629,826,000				25,683,078				20,546,462				14,657,063				96.00	%			19,724,919				17,752,427.38
00000XXX0		HVML0705		A1B			262,428,000				165,000,000				132,000,000				94,166,908				96.00	%			126,726,249				114,053,624.11
00000XXX0		HVML0706		2A1A			240,309,000				120,309,000				96,247,200				56,444,816				92.18	%			88,722,476				79,850,228.31
00000XXX0		HMT04002		A1			687,048,300				80,000,000				64,000,000				11,638,586				25.84	%			16,540,049				14,886,043.66
00000XXX0		HMT05003		A1			831,908,000				10,000,000				8,000,000				2,715,447				50.92	%			4,073,813				3,666,431.52
00000XXX0		HALO07A2		IIIA1			99,164,000				99,164,000				79,331,200				35,912,103				90.52	%			71,807,948				64,627,153.04
00000XXX0		IMHE0311		1A1			803,803,000				30,000,000				24,000,000				955,023				6.12	%			1,468,506				1,321,655.53
00000XXX0		IMHE0404		1A1			634,302,000				20,000,000				16,000,000				941,858				9.10	%			1,455,758				1,310,181.84
00000XXX0		ISC03002		A2			47,498,000				44,500,000				35,600,000				4,405,845				22.79	%			8,114,265				7,302,838.50
00000XXX0		INX05AR2		2A2A			188,365,000				83,365,000				66,692,000				8,323,158				19.90	%			13,271,641				11,944,476.58
00000XXX0		INX05AR2		2A2B			33,242,000				16,000,000				12,800,000				1,597,439				19.90	%			2,547,187				2,292,468.38
00000XXX0		INX05AR4		2A1B			87,931,000				20,000,000				16,000,000				2,143,687				24.31	%			3,888,984				3,500,086.00
00000XXX0		INX05AR4		2A2			33,885,000				10,000,000				8,000,000				801,554				24.31	%			1,944,508				1,750,057.60
00000XXX0		RAS050A1		A1			328,508,000				103,508,000				82,806,400				13,621,571				39.83	%			32,977,791				29,680,012.25
00000XXX0		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
00000XXX0		RAS05A8C		A1			40,804,000				40,804,000				32,643,200				5,296,292				40.56	%			13,240,498				11,916,448.57
00000XXX0		INA05AR1		3A1			113,200,000				30,000,000				24,000,000				9,921,488				77.44	%			18,584,426				16,725,983.07
00000X0X0		INX04AR8		2A2A			460,700,000				38,626,000				30,900,800				2,320,263				12.95	%			4,001,784				3,601,605.32
00000X0X0		INX04A10		2A1			100,000,000				95,000,000				76,000,000				1,561,073				4.49	%			3,414,945				3,073,450.78
00000X0X0		INX04A12		A1			338,000,000				30,000,000				24,000,000				2,195,947				13.22	%			3,173,822				2,856,440.01
00000XX00		RAS040A2		2A1			59,730,000				59,730,000				47,784,000				3,571,177				12.98	%			6,202,034				5,581,830.96
00000XX00		RAS040A3		A1			106,813,929				106,813,929				85,451,143				4,335,019				38.70	%			33,071,790				29,764,611.05
00000XXX0		RAS030A8		A2			172,685,539				42,000,000				33,600,000				2,385,933				26.13	%			8,779,174				7,901,256.98
00000XXX0		RAS03A10		A1			406,803,900				50,750,000				40,600,000				2,863,529				32.43	%			13,164,918				11,848,426.60
00000XXX0		RAS03A11		A2			62,154,400				37,154,400				29,723,520				1,715,984				17.22	%			5,119,122				4,607,209.45
00000XX00		RAS040R2		A4			49,453,000				49,453,000				39,562,400				2,810,613				31.91	%			12,624,531				11,362,077.73
00000XXX0		RAS03A13		A4			128,750,000				43,750,000				35,000,000				345,414				16.52	%			5,781,348				5,203,213.19
00000XXX0		INX06A11		5A1			118,478,000				25,000,000				20,000,000				7,554,000				69.59	%			13,918,350				12,526,515.36
00000XXX0		INA06AR3		1A1			213,692,000				57,097,000				45,677,600				21,960,662				76.00	%			34,715,242				31,243,717.66
00000XXX0		INA06AR3		2A1			107,754,000				50,000,000				40,000,000				16,305,493				72.59	%			29,034,498				26,131,048.16
00000XXX0		INX06A31		A3			98,574,000				73,574,000				58,859,200				24,464,232				71.88	%			42,306,391				38,075,752.00
00000XXX0		INX06A33		2A11			84,758,000				64,758,000				51,806,400				16,625,615				66.19	%			34,292,412				30,863,170.60
00000XXX0		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
00000XXX0		INX07FL5		2A2			102,934,000				102,934,000				82,347,200				55,025,953				96.70	%			79,631,091				71,667,981.75
00000XXX0		INX07A21		8A1			240,528,000				90,000,000				72,000,000				34,810,796				88.17	%			63,481,938				57,133,743.79
00000XXX0		IMSC07H1		A11			168,288,000				100,000,000				80,000,000				49,655,913				88.38	%			70,701,660				63,631,494.43
00000XXX0		INX07FL6		2A1			215,935,200				40,000,000				32,000,000				20,285,856				98.12	%			31,397,175				28,257,457.77
000000XX0		JPM03A01		4A3			20,262,100				15,262,100				12,209,680				—				69.12	%			8,439,880				7,595,891.71
000000XX0		JPM03A02		2A2			50,217,100				12,217,100				9,773,680				—				72.67	%			7,102,840				6,392,555.65
000000XX0		JPM04A01		5A1			163,371,600				19,000,000				15,200,000				1,139,410				18.17	%			2,761,995				2,485,795.34
000000XX0		JPM04A03		3A1			25,000,000				25,000,000				20,000,000				—				14.68	%			2,936,102				2,642,491.37
000000XX0		JPM04S01		1A8			18,461,700				18,461,700				14,769,360				1,603,626				47.72	%			7,047,932				6,343,138.59
000000X00		JPM06A01		3A1			119,738,900				119,738,900				95,791,120				—				47.69	%			45,679,109				41,111,198.40
000000XX0		JPM04A06		5A1			23,833,300				23,833,300				19,066,640				3,098,987				50.07	%			9,546,832				8,592,149.02
000000X00		JPM06A02		2A1			500,131,400				200,000,000				160,000,000				32,145,499				64.23	%			102,762,799				92,486,519.28
000000XX0		JPM04S02		2A9			34,889,100				34,889,100				27,911,280				—				34.71	%			9,688,840				8,719,955.85
000000X00		JPM06S01		2A2			76,089,000				76,089,000				60,871,200				8,054,955				67.25	%			40,933,957				36,840,561.53
000000X00		JPM06S01		2A4			52,774,400				52,024,400				41,619,520				5,936,897				66.54	%			27,694,255				24,924,829.86
000000XX0		JPM05A03		6A4			61,218,800				61,218,800				48,975,040				4,402,005				37.74	%			18,482,783				16,634,504.62
000000XX0		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
000000XX0		JPM05S02		2A7			100,000,000				100,000,000				80,000,000				—				64.23	%			51,386,948				46,248,253.13
000000XX0		JPM05A07		2A4			99,374,900				99,374,900				79,499,920				10,463,419				70.45	%			56,008,867				50,407,980.57
000000XX0		JPM05S03		1A10			138,678,600				138,678,600				110,942,880				23,164,947				60.18	%			66,767,645				60,090,880.64
00000XXX0		JMA05A02		3A2			39,489,000				7,244,000				5,795,200				1,462,166				53.47	%			3,098,484				2,788,635.60
00000XXX0		JMA06S01		3A2			77,526,000				23,452,000				18,761,600				8,455,267				100.00	%			18,761,600				16,885,440.00
00000XXX0		JPM06S02		3A5			115,131,866				110,000,000				88,000,000				12,773,886				73.94	%			65,067,389				58,560,649.73
00000XXX0		JPM06A05		3A4			130,333,000				34,108,000				27,286,400				2,958,375				53.40	%			14,570,517				13,113,464.91
00000XXX0		JPM07A03		3A1			150,000,000				150,000,000				120,000,000				48,221,045				81.99	%			98,386,997				88,548,297.55
00000XXX0		LMT05001		4A7			1,339,231				1,339,231				1,071,385				1,071,333				100.00	%			1,071,361				964,224.72
00000XXX0		LMT05002		3A1			85,000,000				59,000,000				47,200,000				27,789,591				74.95	%			35,378,512				31,840,660.81
00000XXX0		LMT05002		5A2			27,365,358				1,000,000				800,000				485,693				88.24	%			705,927				635,334.48
00000XXX0		LMT06005		2A1			181,849,000				25,000,000				20,000,000				8,979,891				71.29	%			14,258,654				12,832,788.24
00000XXX0		LMT07002		1A2			113,818,000				100,000,000				80,000,000				44,531,226				87.88	%			70,306,051				63,275,445.50
000000XX0		LXS05003		3A1A			178,806,000				69,403,000				55,522,400				—				14.71	%			8,165,424				7,348,881.57
000000XX0		LXS0612N		1A1A2			76,947,000				46,947,000				37,557,600				—				100.00	%			37,557,600				33,801,840.00
00000XXX0		LXS0707N		1A1B			266,271,000				190,000,000				152,000,000				98,235,746				92.57	%			140,710,953				126,639,857.98
00000XXX0		LXS0704N		3A1A			212,045,000				212,045,000				169,636,000				88,645,324				86.26	%			146,329,678				131,696,709.80
00000XXX0		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
00000XXX0		LXS0712N		2A1			232,912,000				53,000,000				42,400,000				26,321,904				94.25	%			39,963,105				35,966,794.41
00000XXX0		LXS0712N		2A2			88,857,000				45,000,000				36,000,000				15,666,591				94.25	%			33,930,938				30,537,844.31
00000XXX0		LXS0712N		3A1			123,204,000				123,204,000				98,563,200				65,003,486				98.38	%			96,964,860				87,268,374.28
00000XXX0		LXS0712N		3A2			46,818,000				46,818,000				37,454,400				24,701,578				98.39	%			36,850,195				33,165,175.18
00000XXX0		LXS0720N		A1			275,192,000				150,000,000				120,000,000				79,590,006				93.07	%			111,687,105				100,518,394.18
00000XXX0		LXS0716N		AF2			249,506,000				249,506,000				199,604,800				129,095,590				94.81	%			189,255,232				170,329,709.19
00000XXX0		LXS0718N		AF2			142,135,000				107,135,000				85,708,000				52,569,431				93.61	%			80,234,723				72,211,251.04
000000XX0		LUM06001		A2			129,267,000				28,940,373				23,152,298				8,403,207				53.56	%			12,401,097				11,160,987.23
000000XX0		LUM06002		A1B			179,330,000				20,000,000				16,000,000				5,444,972				55.85	%			8,935,923				8,042,330.45
00000XXX0		LUM06007		IIA1			293,107,000				58,107,000				46,485,600				25,529,199				81.50	%			37,887,055				34,098,349.83
00000XXX0		LUM07001		IA1			371,114,000				60,000,000				48,000,000				19,988,383				69.53	%			33,373,865				30,036,478.32
00000XXX0		MSST0502		2A1			47,924,000				24,924,000				19,939,200				3,326,061				43.05	%			8,583,714				7,725,342.24
000000XX0		MARM0701		I2A2			254,287,000				100,000,000				80,000,000				38,259,366				84.46	%			67,569,702				60,812,732.02
000000XX0		MARM0701		I2A3			295,039,000				240,000,000				192,000,000				104,377,899				84.46	%			162,167,288				145,950,558.91
000000XX0		MARM0406		1A1			39,878,000				39,878,000				31,902,400				—				0.80	%			254,989				229,490.18
000000XX0		MARM0407		3A1			167,639,000				34,515,000				27,612,000				8,170,567				51.38	%			14,188,111				12,769,299.78
000000XX0		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
000000XX0		MARM0413		3A6			240,000,000				40,000,000				32,000,000				4,949,132				100.00	%			32,000,000				28,800,000.00
0000000X0		MALT0602		2A1			200,000,000				5,000,000				4,000,000				1,280,912				51.73	%			2,069,109				1,862,197.92
000000X00		MALT0501		2A1			63,000,000				59,000,000				47,200,000				16,192,262				54.35	%			25,653,678				23,088,310.58
000000X00		MALT0501		6A4			154,445,000				40,445,000				32,356,000				6,000,805				43.78	%			14,164,813				12,748,331.33
000000XX0		MALT0402		8A1			21,879,500				21,879,500				17,503,600				998,581				24.04	%			4,208,176				3,787,358.41
000000X00		MALT0506		2A1			69,808,000				10,000,000				8,000,000				3,982,272				69.86	%			5,588,662				5,029,796.16
000000XX0		MALT0412		6A2			50,700,000				50,700,000				40,560,000				4,570,193				47.92	%			19,434,634				17,491,171.04
000000XX0		MALT0413		2A1			42,500,000				8,304,000				6,643,200				1,823,240				57.50	%			3,819,555				3,437,599.68
00000XXX0		MAST0411		5A1			7,398,000				7,398,000				5,918,400				29,449				29.59	%			1,751,334				1,576,200.96
00000XXX0		MARM07H2		A1			416,888,000				120,388,000				96,310,400				45,094,183				82.91	%			79,847,055				71,862,349.46
0000000X0		MLCC03F		A1			839,000,000				10,000,000				8,000,000				687,319				11.62	%			929,754				836,778.96
0000000X0		MLCC03H		A1			365,708,000				14,908,000				11,926,400				962,671				11.47	%			1,367,848				1,231,063.20
000000X00		MLCC03B		A1			791,510,000				30,000,000				24,000,000				2,077,094				11.61	%			2,787,326				2,508,593.05
000000X00		MLCC03C		A1			773,795,000				33,000,000				26,400,000				2,028,413				10.64	%			2,810,079				2,529,071.28
00000XXX0		MLCC04A		A1			991,600,000				19,735,000				15,788,000				1,396,527				12.31	%			1,943,262				1,748,936.16
00000XXX0		MLCC04B		A1			569,500,000				15,000,000				12,000,000				1,037,619				11.83	%			1,419,744				1,277,769.60
00000XXX0		MLCC04C		A1			224,818,000				20,000,000				16,000,000				1,564,348				12.75	%			2,039,257				1,835,331.12
00000XXX0		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
00000XXX0		MLCC04D		A1			377,130,000				20,000,000				16,000,000				1,479,479				12.10	%			1,936,325				1,742,692.32
00000XXX0		MLCC04G		A1			306,568,000				12,000,000				9,600,000				566,737				10.12	%			971,070				873,962.64
00000XX00		XXX00X00		X0X0			99,728,000				15,000,000				12,000,000				4,580,235				75.35	%			9,042,127				8,137,914.48
00000XXX0		MLM05A02		A1			230,000,000				50,000,000				40,000,000				12,850,860				60.77	%			24,306,225				21,875,602.68
00000XXX0		MLM05A02		A6			25,000,000				25,000,000				20,000,000				—				18.68	%			3,735,259				3,361,732.81
00000XXX0		MLCC0501		2A4			78,450,000				78,450,000				62,760,000				—				40.96	%			25,703,792				23,133,412.56
00000XXX0		MLM05A04		IIA1			133,885,000				133,885,000				107,108,000				—				19.16	%			20,520,678				18,468,610.57
00000XXX0		MLM05A05		A1			250,000,000				150,000,000				120,000,000				1,417,757				41.65	%			49,979,410				44,981,468.86
000000XX0		MLA07OA5		A1			410,922,800				100,000,000				80,000,000				61,891,849				93.63	%			74,905,771				67,415,194.08
00000XXX0		MLM06A03		VA1			39,359,000				39,359,000				31,487,200				11,393,623				77.21	%			24,311,752				21,880,576.54
00000XXX0		MLA07OA1		A2			99,309,000				99,309,000				79,447,200				53,607,047				81.55	%			64,791,882				58,312,693.51
00000XXX0		MLA07OA2		A2			143,792,000				143,792,000				115,033,600				64,481,084				83.63	%			96,201,524				86,581,371.70
00000XXX0		MLA07OA3		A1			216,169,000				50,000,000				40,000,000				26,516,429				92.02	%			36,809,996				33,128,996.76
00000XXX0		MLA07OA3		A2			90,069,000				90,069,000				72,055,200				36,737,314				92.02	%			66,308,791				59,677,912.18
000000XX0		MSM0616A		3A1			197,408,000				175,408,000				140,326,400				84,359,576				72.93	%			102,346,585				92,111,926.35
00000XXX0		MSM046AR		1A			318,369,000				15,000,000				12,000,000				1,298,338				21.93	%			2,631,541				2,368,386.72
00000XXX0		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
00000XXX0		MSM04004		1A13			137,480,000				134,480,000				107,584,000				5,741,442				39.68	%			42,690,488				38,421,439.15
00000XXX0		MSM05001		4A1			63,240,000				63,240,000				50,592,000				14,579,076				53.78	%			27,206,988				24,486,289.51
00000XXX0		MSM05007		7A6			89,117,000				76,677,000				61,341,600				24,369,543				77.35	%			47,448,247				42,703,422.72
00000XXX0		MSM05010		1A5			52,050,000				52,050,000				41,640,000				6,489,108				60.06	%			25,008,419				22,507,576.68
00000XXX0		MSM068AR		6A1			57,074,000				36,074,000				28,859,200				11,650,107				87.04	%			25,119,225				22,607,302.65
00000XXX0		MSM0714A		2A1			321,118,000				171,118,000				136,894,400				66,680,794				84.31	%			115,414,572				103,873,114.90
00000XXX0		MSM0715A		2A2			42,513,000				42,513,000				34,010,400				22,923,053				90.16	%			30,664,005				27,597,604.76
00000XXX0		MSM0715A		5A1			103,646,000				103,646,000				82,916,800				57,006,410				89.47	%			74,183,765				66,765,388.93
00000XXX0		MIT05001		1A1			665,763,000				7,763,000				6,210,400				1,485,117				37.74	%			2,343,756				2,109,380.40
00000XXX0		XXX00XX0		XX0			105,748,000				30,803,000				24,642,400				5,855,603				43.61	%			10,746,153				9,671,537.51
00000XXX0		NAA04R03		AF			77,202,673				67,202,673				53,762,138				15,054,338				39.66	%			21,323,495				19,191,145.71
000000XX0		NCA06AL1		AF3			74,436,000				44,436,000				35,548,800				28,339,839				100.00	%			35,548,800				31,993,920.00
00000XXX0		NAA06AF1		VA			27,133,000				27,133,000				21,706,400				5,060,149				69.46	%			15,077,832				13,570,049.05
00000XXX0		OMAC0504		IA2			95,006,000				20,006,000				16,004,800				4,556,539				47.44	%			7,592,843				6,833,558.88
00000XXX0		XXXX0000		XX0X			219,307,000				20,000,000				16,000,000				6,567,183				100.00	%			16,000,000				14,400,000.00
00000XXX0		PHH06002		A1			25,059,958				25,059,958				20,047,966				2,008,598				74.83	%			15,002,121				13,501,908.88
00000XXX0		PHH06002		A5			93,972,937				93,972,937				75,178,350				6,470,956				63.29	%			47,581,503				42,823,352.59
00000XXX0		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
00000XXX0		PHHA0701		II2PO			333,212				333,212				266,570				40,729				88.31	%			235,401				211,860.72
00000XXX0		PHHA0702		2PO			993,618				993,618				794,894				471,397				91.63	%			728,380				655,542.00
00000XXX0		PNC99010		DB1			14,876,134				14,876,134				11,900,907				2,898,603				34.99	%			4,163,875				3,747,487.68
00000XXX0		PNC99010		DB2			7,330,270				7,330,270				5,864,216				1,428,297				34.99	%			2,051,765				1,846,588.32
00000XXX0		PRT05001		A1			122,951,000				122,951,000				98,360,800				—				52.15	%			51,294,689				46,165,219.75
00000XXX0		PRTR0501		2A2			62,306,500				37,306,500				29,845,200				—				58.13	%			17,347,782				15,613,003.80
000000XX0		PFM03001		A			364,182,000				50,000,000				40,000,000				1,901,988				10.42	%			4,169,050				3,752,144.89
00000XXX0		RFC07QH6		A1			336,244,000				152,000,000				121,600,000				77,185,066				94.50	%			114,910,107				103,419,096.35
00000XXX0		RFC07QH6		A2			140,102,000				70,000,000				56,000,000				35,545,754				94.50	%			52,919,128				47,627,215.42
00000XXX0		RFC06QS6		IA1			100,000,000				100,000,000				80,000,000				27,441,142				56.45	%			45,157,047				40,641,342.62
00000XXX0		RFC06Q14		A5			15,384,616				15,384,616				12,307,693				4,711,169				65.95	%			8,117,158				7,305,441.84
00000XXX0		RFC06Q14		A10			5,547,285				5,547,285				4,437,828				2,960,054				100.00	%			4,437,828				3,994,045.20
00000XXX0		RFC07QH1		A1			297,454,000				35,000,000				28,000,000				16,614,870				87.87	%			24,603,956				22,143,559.96
00000XXX0		RFC07QH1		A2			123,939,000				21,939,000				17,551,200				10,414,675				87.87	%			15,422,462				13,880,216.06
00000XXX0		RFC07QH2		A1			197,814,000				37,599,000				30,079,200				17,419,393				90.03	%			27,081,769				24,373,592.43
00000XXX0		RFC07QH2		A2			82,422,000				34,922,000				27,937,600				16,179,155				90.03	%			25,153,583				22,638,224.29
00000XXX0		RFC06Q18		IIA1			597,538,950				25,000,000				20,000,000				8,848,090				69.91	%			13,982,010				12,583,808.64
00000XXX0		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
00000XXX0		RFC07QS8		A7			187,132,500				187,132,500				149,706,000				79,462,008				84.52	%			126,532,933				113,879,639.39
00000XXX0		RFC07QH3		A1			198,727,000				82,000,000				65,600,000				39,078,571				91.41	%			59,966,879				53,970,190.98
000000XX0		RFC07QA5		IIIA1			45,451,200				45,451,200				36,360,960				21,863,738				91.26	%			33,183,187				29,864,868.36
00000XXX0		RFC07QA3		A4			83,563,590				26,331,090				21,064,872				—				78.68	%			16,574,402				14,916,961.64
00000XXX0		RFC07QA3		A5			83,563,590				30,886,590				24,709,272				—				78.68	%			19,441,913				17,497,721.45
00000XXX0		XXX00XX0		X0X			130,000,000				80,000,000				64,000,000				21,264,452				75.69	%			48,439,058				43,595,151.84
00000XXX0		RGC05RP1		IF			241,443,000				63,000,000				50,400,000				15,280,890				44.79	%			22,573,221				20,315,899.26
00000XXX0		RGC0500A		1A			28,268,000				28,268,000				22,614,400				6,808,717				59.54	%			13,464,412				12,117,970.79
00000XXX0		RGC0700A		2A2			112,262,000				112,262,000				89,809,600				40,321,436				79.97	%			71,821,350				64,639,215.23
00000XXX0		RFC06S12		IIA2			267,085,000				150,000,000				120,000,000				14,907,809				65.21	%			78,246,626				70,421,963.11
00000XXX0		RFC07SA1		IIIA			57,954,000				57,954,000				46,363,200				21,822,938				82.94	%			38,455,789				34,610,210.07
00000XXX0		RFC07SA2		IVA			64,756,000				34,756,000				27,804,800				12,965,460				85.40	%			23,745,602				21,371,041.49
00000XXX0		RFC06QO5		IIA1			237,255,000				10,000,000				8,000,000				4,059,413				78.11	%			6,248,657				5,623,790.89
00000XXX0		RFC06QO5		IIA2			118,628,000				12,000,000				9,600,000				2,990,786				78.11	%			7,498,388				6,748,549.07
00000XXX0		RFC06QO6		A2			302,230,000				100,000,000				80,000,000				39,784,117				74.54	%			59,634,205				53,670,784.82
000000XX0		RFC06QO7		IA2			57,713,000				37,713,000				30,170,400				—				79.88	%			24,100,987				21,690,888.67
000000XX0		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
000000XX0		RFC06Q10		A19			5,293,385				5,293,385				4,234,708				1,915,240				60.86	%			2,577,380				2,319,642.00
00000XXX0		RFC07QO2		A2			48,527,000				18,888,000				15,110,400				134,650				88.82	%			13,421,554				12,079,398.89
00000XXX0		RFC07QS3		A2			300,000,000				300,000,000				240,000,000				113,715,576				79.07	%			189,775,375				170,797,837.46
00000XXX0		RFC07QS6		A1			175,000,000				33,500,000				26,800,000				13,511,041				85.45	%			22,901,186				20,611,067.77
00000XXX0		RFC07QH5		AI2			81,311,000				61,311,000				49,048,800				29,934,677				95.45	%			46,818,716				42,136,844.59
0000000X0		RFC04RS7		AIII			124,375,000				29,375,000				23,500,000				5,080,560				36.66	%			8,615,864				7,754,277.40
000000X00		RFC04RZ1		AII			160,000,000				26,000,000				20,800,000				2,020,242				12.34	%			2,566,859				2,310,173.27
00000X0X0		RFC02Q17		NB1			186,950,000				30,000,000				24,000,000				—				1.24	%			298,478				268,630.56
00000X0X0		RFC02Q19		A2			157,640,000				32,640,000				26,112,000				442,790				8.43	%			2,201,971				1,981,774.08
00000X0X0		RFC03QS1		A9			24,545,454				24,545,454				19,636,363				581,007				9.70	%			1,904,103				1,713,692.89
00000X0X0		RFC03QS2		A7			103,463,750				15,000,000				12,000,000				700,119				11.64	%			1,397,315				1,257,583.73
00000X0X0		RFC03QS5		A2			53,203,411				53,203,411				42,562,729				3,593,192				22.27	%			9,480,182				8,532,163.45
00000X0X0		RFC03QS5		A6			7,812,500				7,812,500				6,250,000				527,632				22.27	%			1,392,090				1,252,880.64
00000XX00		RFC02QS9		A1			40,158,900				20,000,000				16,000,000				226,531				2.62	%			419,522				377,569.40
00000XXX0		RFC01Q16		M1			8,908,700				8,908,700				7,126,960				3,047,155				78.55	%			5,598,092				5,038,282.80
00000XXX0		XXX00X00		X0			2,628,800				2,628,800				2,103,040				912,236				78.57	%			1,652,296				1,487,066.40
00000XX00		RFC02Q14		A10			53,687,571				53,687,571				42,950,057				1,739,051				6.56	%			2,815,579				2,534,021.28
00000X0X0		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
00000X0X0		RFC05QS6		A1			148,000,000				148,000,000				118,400,000				21,687,562				48.35	%			57,251,472				51,526,324.71
00000X0X0		RFC05QS6		A4			13,883,333				13,883,333				11,106,666				5,033,697				46.94	%			5,213,278				4,691,949.84
00000X0X0		RFC05QA6		AIII1			25,765,700				25,765,700				20,612,560				4,579,285				44.75	%			9,224,007				8,301,606.04
00000X0X0		RFC05QA7		AII1			209,814,000				69,000,000				55,200,000				19,469,897				47.76	%			26,362,911				23,726,620.28
00000XXX0		RFC03QS8		A4			46,255,230				46,255,230				37,004,184				4,497,702				23.96	%			8,867,454				7,980,708.97
00000XX00		RFC04QR1		A1			160,432,988				135,432,988				108,346,390				11,789,214				35.48	%			38,442,874				34,598,586.91
00000XXX0		RFC03QS9		A2			62,730,625				62,730,625				50,184,500				5,008,936				28.39	%			14,246,243				12,821,618.90
00000XXX0		RFC03Q10		A15			29,560,000				29,560,000				23,648,000				2,279,662				22.33	%			5,281,136				4,753,022.39
00000XXX0		RFC03Q11		A1			111,963,274				50,000,000				40,000,000				3,070,489				18.01	%			7,205,292				6,484,763.09
00000XXX0		RFC03Q11		A4			50,000,000				50,000,000				40,000,000				3,172,719				18.61	%			7,445,188				6,700,669.02
00000XXX0		RFC03Q11		A5			175,649,086				76,420,125				61,136,100				4,692,944				18.01	%			11,012,584				9,911,325.58
00000XXX0		RFC03Q11		A9			92,342,923				92,342,923				73,874,338				10,903,191				26.68	%			19,706,871				17,736,184.09
00000XXX0		RFC03Q13		A7			137,809,825				80,309,825				64,247,860				10,979,223				32.94	%			21,165,383				19,048,844.87
00000XXX0		XXX00X00		XX0			47,222,000				12,222,000				9,777,600				—				47.94	%			4,687,538				4,218,783.84
00000XX00		XXX00X00		0X0			325,000,000				101,000,000				80,800,000				10,902,245				36.15	%			29,208,939				26,288,044.82
00000XXX0		RFC03R13		A3			11,000,000				11,000,000				8,800,000				3,309,403				100.00	%			8,800,000				7,920,000.00
00000XXX0		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
00000XX00		RFC05QS1		A1			100,000,000				100,000,000				80,000,000				20,684,285				47.46	%			37,964,992				34,168,492.87
00000XX00		RFC05QS1		A5			76,378,000				26,000,000				20,800,000				5,377,914				47.46	%			9,870,898				8,883,808.15
00000XX00		RFC05QS2		A1			171,752,000				66,252,000				53,001,600				12,876,899				47.93	%			25,406,311				22,865,679.54
00000XXX0		RFC04QS2		AI1			48,538,800				48,538,800				38,831,040				4,298,452				37.87	%			14,704,983				13,234,484.45
00000XXX0		RFC04QS8		A9			25,174,900				25,174,900				20,139,920				5,269,663				49.21	%			9,911,021				8,919,918.73
00000XXX0		RFC04Q11		A1			50,792,000				50,792,000				40,633,600				2,894,551				22.88	%			9,297,889				8,368,099.74
000000XX0		RFC05QS9		A2			50,000,000				50,000,000				40,000,000				8,205,156				44.17	%			17,668,439				15,901,595.28
000000XX0		RFC05Q10		IIIA1			105,149,000				25,000,000				20,000,000				5,469,916				50.66	%			10,132,871				9,119,584.08
000000XX0		RFC05Q12		A7			64,000,000				9,200,000				7,360,000				317,301				51.30	%			3,775,373				3,397,835.52
000000XX0		RFC05QO2		A1			230,935,000				75,000,000				60,000,000				18,627,884				45.18	%			27,108,257				24,397,431.12
000000XX0		RFC05Q14		IIA1			115,613,000				45,000,000				36,000,000				15,907,277				62.94	%			22,657,101				20,391,390.72
000000XX0		RFC05QO3		A2			113,133,000				43,133,000				34,506,400				10,134,936				49.07	%			16,933,222				15,239,900.10
000000XX0		RFC05QO4		IIA2			120,953,000				27,953,000				22,362,400				6,172,583				52.40	%			11,717,897				10,546,107.12
000000XX0		RFC05Q17		A9			128,790,000				128,790,000				103,032,000				33,504,379				55.83	%			57,525,829				51,773,245.77
000000XX0		RFC05Q17		A10			162,694,000				62,694,000				50,155,200				13,382,863				50.40	%			25,279,983				22,751,984.52
000000XX0		RFC05QO5		A1			694,684,000				50,000,000				40,000,000				14,664,844				53.85	%			21,541,042				19,386,937.44
000000XX0		XXX00XX0		0X0			309,242,000				10,000,000				8,000,000				3,784,567				66.50	%			5,320,194				4,788,174.96
000000XX0		XXX00XX0		0X0			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
000000XX0		RFC06QO2		A1			370,542,000				51,742,000				41,393,600				14,089,494				55.75	%			23,075,778				20,768,200.56
000000XX0		RFC06QO2		A2			154,392,000				54,392,000				43,513,600				16,238,264				60.13	%			26,164,633				23,548,169.62
000000XX0		RFC06QO3		A2			149,747,000				17,747,000				14,197,600				6,580,827				69.21	%			9,826,627				8,843,964.48
00000X0X0		RFC03S07		A1			100,000,000				100,000,000				80,000,000				—				26.60	%			21,277,756				19,149,980.33
00000X0X0		RFC03S10		A1			177,696,000				117,696,000				94,156,800				—				22.07	%			20,782,247				18,704,021.96
00000XX00		RFC03S02		A4			93,551,000				93,551,000				74,840,800				—				5.91	%			4,423,022				3,980,719.64
00000XX00		RFC03S04		A12			50,000,000				50,000,000				40,000,000				—				26.63	%			10,651,405				9,586,264.82
00000XXX0		RFC03S20		IA2			155,498,000				78,300,000				62,640,000				—				17.99	%			11,271,270				10,144,142.74
00000XXX0		RFC03S20		IA3			50,000,000				50,000,000				40,000,000				—				17.99	%			7,197,490				6,477,741.22
00000XXX0		RFC03S20		IIA1			225,379,000				80,000,000				64,000,000				6,963,606				43.34	%			27,735,119				24,961,606.79
00000XXX0		RFC04S02		A1			147,645,182				47,645,182				38,116,146				—				40.46	%			15,423,540				13,881,185.61
00000XXX0		RFC04S05		IA3			160,873,000				75,000,000				60,000,000				—				44.34	%			26,601,077				23,940,969.07
00000XXX0		RFC04S06		IIA1			114,643,000				83,143,000				66,514,400				—				49.44	%			32,882,496				29,594,246.15
00000XXX0		RFC04SP3		AII			156,751,000				20,000,000				16,000,000				2,470,226				32.08	%			5,132,994				4,619,694.96
00000XXX0		RAS06A12		A1			289,176,000				88,000,000				70,400,000				23,360,995				58.52	%			41,201,160				37,081,044.00
00000XXX0		RAS06A15		A2			29,160,000				26,160,000				20,928,000				8,600,345				68.65	%			14,366,058				12,929,452.12
00000XXX0		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
00000XXX0		STR07001		3A1			93,757,000				93,757,000				75,005,600				24,555,003				78.17	%			58,633,621				52,770,259.26
00000X0X0		UPM01UP2		AF2			75,108,532				15,000,000				12,000,000				—				0.47	%			56,286				50,657.76
00000XXX0		SBM797H1		B4			11,415,000				3,805,000				3,044,000				—				7.18	%			218,596				196,736.32
00000XXX0		SBM797H2		B3			17,413,000				17,413,000				13,930,400				2,003,347				33.53	%			4,670,582				4,203,524.16
00000XXX0		SB701CP1		B3			2,438,000				2,438,000				1,950,400				—				23.71	%			462,471				416,224.08
00000XXX0		SQMT0304		1A1			148,641,000				20,000,000				16,000,000				2,000,698				17.21	%			2,754,373				2,478,935.52
00000XXX0		SQMT0305		A1			675,596,000				20,000,000				16,000,000				989,291				8.88	%			1,421,034				1,278,930.24
00000XXX0		SQMT0405		A1			553,000,000				135,000,000				108,000,000				6,962,327				8.90	%			9,608,588				8,647,729.45
00000XXX0		SQMT0409		A1			453,364,000				20,000,000				16,000,000				2,050,604				16.47	%			2,635,879				2,372,291.28
00000XXX0		SQMT0410		A2			203,441,000				15,000,000				12,000,000				1,578,603				17.27	%			2,072,322				1,865,089.44
00000XXX0		SQMT0701		4A1			98,689,000				25,000,000				20,000,000				9,008,872				82.91	%			16,582,557				14,924,301.30
00000XXX0		SQMT0704		3A1			49,260,000				49,260,000				39,408,000				22,416,409				94.72	%			37,329,018				33,596,116.16
00000XXX0		SQMT0703		2BA1			77,686,000				52,686,000				42,148,800				19,783,910				86.00	%			36,248,677				32,623,809.63
000000XX0		STR07S01		5A1			54,885,000				37,885,000				30,308,000				8,176,505				87.05	%			26,384,290				23,745,860.60
000000XX0		SASC9806		B1			8,552,000				8,552,000				6,841,600				2,189,667				40.66	%			2,781,862				2,503,676.16
000000XX0		SAS05006		2A21			78,266,000				78,266,000				62,612,800				—				44.44	%			27,824,413				25,041,971.90
000000XX0		SAS05006		3A2			10,344,000				10,344,000				8,275,200				3,504,817				66.75	%			5,523,496				4,971,146.40
000000XX0		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
000000XX0		SAR04012		3A1			300,000,000				100,000,000				80,000,000				16,131,414				29.93	%			23,941,409				21,547,267.70
000000X00		SAR05021		4A1			85,873,000				85,873,000				68,698,400				24,956,396				75.10	%			51,594,263				46,434,836.50
000000X00		SAR05021		5A1			163,121,000				163,121,000				130,496,800				51,871,901				73.51	%			95,922,876				86,330,588.54
000000X00		SAR05021		6A1			175,569,000				175,569,000				140,455,200				21,461,549				61.39	%			86,224,568				77,602,111.61
000000XX0		SAR04015		A			202,611,000				202,611,000				162,088,800				11,673,831				9.55	%			15,487,522				13,938,770.19
000000XX0		SAR04017		A1			182,000,000				150,000,000				120,000,000				7,757,094				8.29	%			9,949,434				8,954,490.28
000000X00		SAR05022		1A1			120,000,000				120,000,000				96,000,000				18,186,762				49.06	%			47,100,738				42,390,663.98
000000X00		SAR05023		4A1			135,744,000				70,744,000				56,595,200				26,479,105				74.34	%			42,074,889				37,867,399.86
000000X00		SAR06001		7A1			142,285,000				112,285,000				89,828,000				8,589,705				56.27	%			50,545,868				45,491,281.49
000000XX0		SAR05009		2A2A			166,000,000				136,000,000				108,800,000				33,506,657				43.03	%			46,815,241				42,133,716.65
000000XX0		SAR05014		A2			120,943,000				30,943,000				24,754,400				4,134,832				25.34	%			6,273,677				5,646,309.00
000000XX0		SAR05014		A3			49,882,000				49,882,000				39,905,600				6,665,606				25.34	%			10,113,557				9,102,201.43
000000XX0		SAR0516X		A2B			64,077,000				64,077,000				51,261,600				4,427,660				17.29	%			8,864,098				7,977,687.78
000000XX0		SAR05018		4A1			100,000,000				100,000,000				80,000,000				36,315,144				75.79	%			60,629,927				54,566,934.19
000000XX0		SAR05018		7A1			131,240,000				131,240,000				104,992,000				1,637,819				49.34	%			51,808,225				46,627,402.14
000000XX0		SAR0519X		1A2B			146,326,000				146,326,000				117,060,800				20,594,537				29.48	%			34,509,952				31,058,956.95
000000XX0		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
00000XXX0		SAMI03A1		A1			230,624,800				22,000,000				17,600,000				1,773,672				12.24	%			2,153,632				1,938,268.81
00000XXX0		SAMI03C1		IF1			79,343,315				45,177,000				36,141,600				1,806,408				10.66	%			3,851,289				3,466,159.92
00000XXX0		SAMI03A3		A1			414,946,600				59,994,300				47,995,440				4,187,611				10.50	%			5,038,678				4,534,810.52
00000X0X0		SAS0216A		3A1			66,580,000				25,000,000				20,000,000				261,411				2.70	%			539,974				485,976.49
00000X0X0		SAS0218A		3A			31,665,000				31,665,000				25,332,000				417,159				4.66	%			1,181,276				1,063,148.22
00000XX00		SAS0208A		7A1			399,029,000				50,000,000				40,000,000				558,196				2.35	%			940,809				846,727.92
00000XX00		ARC02		BC2			267,803,000				20,000,000				16,000,000				352,454				2.96	%			473,194				425,874.24
00000XXX0		SAS0115A		5A1			236,794,000				65,000,000				52,000,000				713,802				3.02	%			1,570,132				1,413,118.93
00000XXX0		ARC2001-BC6W		A			155,000,000				30,000,000				24,000,000				413,156				2.24	%			538,617				484,755.13
00000XXX0		SAS0201A		1A3			98,000,000				23,000,000				18,400,000				456,541				5.05	%			928,421				835,579.18
00000XXX0		SAS0201A		2A1			206,490,000				50,000,000				40,000,000				549,036				2.59	%			1,034,783				931,304.52
00000XX00		SAS0216A		1A1			148,363,000				6,000,000				4,800,000				151,681				3.42	%			164,368				147,931.20
00000X0X0		SAS03030		3A1			110,587,000				75,435,000				60,348,000				—				35.25	%			21,271,012				19,143,910.36
00000X0X0		SAS0334A		3A2			147,500,000				147,500,000				118,000,000				13,946,022				16.39	%			19,337,759				17,403,982.72
00000X0X0		SAS0334A		6A			132,251,000				39,000,000				31,200,000				6,968,422				42.45	%			13,243,241				11,918,916.83
00000XX00		SAS0323H		1A1			193,632,000				25,000,000				20,000,000				1,709,183				18.18	%			3,635,255				3,271,729.68
00000XX00		SAS0324A		2A			144,336,000				144,336,000				115,468,800				13,438,795				16.92	%			19,540,501				17,586,450.56
00000XXX0		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
00000XXX0		SAS03004		A4			50,000,000				50,000,000				40,000,000				1,276,099				17.88	%			7,153,333				6,437,999.59
00000XXX0		SAS03008		2A8			25,000,000				25,000,000				20,000,000				557,697				15.84	%			3,168,640				2,851,776.00
00000XX00		SAS0326A		5A			111,301,000				35,000,000				28,000,000				2,770,502				16.21	%			4,540,050				4,086,044.70
00000XXX0		SAS03014		1A4			100,000,000				100,000,000				80,000,000				5,540,357				27.99	%			22,391,122				20,152,009.58
00000XXX0		SAS03014		1A5			83,122,000				53,122,000				42,497,600				2,943,149				27.99	%			11,894,612				10,705,150.80
00000XXX0		SAS0315A		2A2			99,000,000				98,000,000				78,400,000				5,113,241				10.05	%			7,877,562				7,089,805.72
00000XXX0		SAS0315A		3A			90,601,000				90,601,000				72,480,800				8,905,322				21.61	%			15,662,901				14,096,610.95
00000XX00		SAS03029		4A1			50,000,000				46,800,000				37,440,000				3,205,656				41.55	%			15,555,280				13,999,752.30
00000XXX0		SAS0317A		2A1			100,000,000				100,000,000				80,000,000				6,811,670				12.59	%			10,075,377				9,067,839.05
00000X0X0		SAS05001		1A1			47,000,000				47,000,000				37,600,000				9,407,428				57.82	%			21,739,714				19,565,743.01
00000X0X0		SAS05001		1A3			100,537,000				100,537,000				80,429,600				20,123,289				57.82	%			46,503,099				41,852,789.46
00000X0X0		SAS05001		7A3			45,074,000				45,074,000				36,059,200				10,017,832				54.41	%			19,621,115				17,659,003.52
00000X0X0		SAS05003		1A1			27,774,000				27,774,000				22,219,200				6,544,656				62.05	%			13,786,627				12,407,964.53
00000X0X0		SAS05003		1A3			125,000,000				125,000,000				100,000,000				29,454,956				62.05	%			62,048,261				55,843,435.17
00000XXX0		SAS0337A		8A2			55,423,000				50,000,000				40,000,000				4,498,513				20.23	%			8,090,672				7,281,605.23
00000XXX0		SAS0340A		3A1			297,000,000				150,000,000				120,000,000				16,838,088				19.50	%			23,394,681				21,055,212.79
00000XXX0		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
00000XXX0		SAS044XS		1A6			24,224,000				15,000,000				12,000,000				3,844,395				92.58	%			11,110,068				9,999,061.20
00000XX00		SAS04020		8A3			64,109,000				62,109,000				49,687,200				8,749,153				46.58	%			23,142,121				20,827,909.18
00000XX00		SAS04022		A2			244,696,000				175,000,000				140,000,000				58,461,406				83.30	%			116,613,311				104,951,979.59
00000XXX0		SAR04006		1A			285,873,000				30,000,000				24,000,000				1,681,477				8.68	%			2,083,983				1,875,584.29
00000XXX0		SAR04006		3A1			400,000,000				300,000,000				240,000,000				57,372,775				34.91	%			83,772,007				75,394,806.26
00000XXX0		SAR04010		B1			62,097,000				15,000,000				12,000,000				6,735,099				63.91	%			7,668,810				6,901,928.78
00000XXX0		SAS04015		3A5			21,428,000				21,428,000				17,142,400				3,100,536				58.86	%			10,089,529				9,080,576.25
00000XXX0		SAS05010		1A2			10,859,000				10,859,000				8,687,200				4,111,329				71.60	%			6,220,358				5,598,322.56
00000XXX0		SAS05010		3A3			27,637,067				27,637,067				22,109,654				193,385				76.43	%			16,897,411				15,207,670.07
00000XXX0		SAS05014		1A1			198,606,000				17,606,000				14,084,800				3,747,125				72.17	%			10,164,874				9,148,386.25
00000XXX0		LXS05002		2A4			34,924,000				34,924,000				27,939,200				19,241,269				97.80	%			27,324,157				24,591,741.11
00000XXX0		SAS05015		2A6			75,000,000				75,000,000				60,000,000				10,328,020				62.26	%			37,357,037				33,621,332.96
00000XXX0		SAS05016		1A1			107,838,000				107,838,000				86,270,400				—				62.70	%			54,093,314				48,683,982.37
00000XXX0		SAS05017		5A2			7,525,000				7,525,000				6,020,000				3,056,390				77.86	%			4,687,190				4,218,471.36
00000XXX0		LXS0505N		3A1B			100,000,000				50,000,000				40,000,000				10,069,797				43.27	%			17,308,002				15,577,202.16
00000XXX0		LXS0505N		3A2			330,211,000				30,000,000				24,000,000				6,041,878				43.27	%			10,384,801				9,346,320.71
00000XXX0		SAMI03A4		A1			374,175,000				10,000,000				8,000,000				703,137				11.53	%			922,342				830,107.44
00000XXX0		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
00000XXX0		SAMI04A5		IIA2			106,746,100				106,746,100				85,396,880				9,297,561				14.26	%			12,173,368				10,956,030.84
00000XXX0		SAMI04A6		A1A			510,000,000				200,000,000				160,000,000				6,476,438				5.43	%			8,689,256				7,820,330.11
00000XXX0		SAMI04A7		A1A			772,780,800				70,000,000				56,000,000				2,932,777				7.19	%			4,028,011				3,625,209.91
00000XXX0		SAMI05A2		IIA3			57,269,500				57,269,500				45,815,600				9,974,965				30.25	%			13,857,756				12,471,980.08
00000XXX0		SAMI05A3		IA3			53,161,000				43,161,000				34,528,800				7,856,102				33.42	%			11,539,029				10,385,126.52
00000XXX0		SAMI05A4		A3			115,000,000				100,000,000				80,000,000				13,434,389				24.98	%			19,984,035				17,985,631.18
00000XXX0		SAMI05A7		2A2			15,498,000				15,498,000				12,398,400				2,743,854				32.60	%			4,041,802				3,637,621.37
00000XXX0		SAMI05A7		3A2			19,082,000				19,082,000				15,265,600				2,012,075				25.08	%			3,828,582				3,445,723.58
00000XXX0		SAMI05A7		4A2			16,840,000				16,840,000				13,472,000				6,122,754				62.77	%			8,455,776				7,610,198.01
00000XXX0		SAMI06A2		A2			207,713,000				79,000,000				63,200,000				23,358,544				54.03	%			34,148,524				30,733,671.21
00000XXX0		SAMI06A1		2A2			174,283,000				38,720,000				30,976,000				6,969,277				36.37	%			11,266,270				10,139,643.30
00000XXX0		SAMI06A1		3A2A			132,067,000				82,635,000				66,108,000				32,241,787				69.07	%			45,660,191				41,094,172.12
00000XXX0		SAR06004		7A1			314,399,000				150,000,000				120,000,000				26,128,056				78.46	%			94,147,003				84,732,302.66
00000XXX0		SASC0611		A1			184,082,000				10,000,000				8,000,000				1,270,744				38.94	%			3,114,818				2,803,336.56
00000XXX0		SAMI06A8		A4B_GT			48,770,000				48,770,000				39,016,000				20,479,748				76.07	%			29,678,147				26,710,332.65
00000XXX0		SAR07008		1A3			85,898,000				85,898,000				68,718,400				25,826,968				82.58	%			56,750,449				51,075,404.24
00000XXX0		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
00000XXX0		SAMI07A1		IIA2			62,171,000				17,171,000				13,736,800				8,285,107				86.36	%			11,863,487				10,677,138.70
00000XXX0		XXXX00X0		IA1			157,325,000				14,143,713				11,314,970				6,729,666				86.48	%			9,785,281				8,806,752.49
00000XXX0		SAMI07A2		IA2			78,663,000				39,000,000				31,200,000				18,556,441				86.48	%			26,982,020				24,283,817.63
00000XXX0		SAR07003		3A1			201,460,000				100,000,000				80,000,000				38,299,467				77.70	%			62,163,682				55,947,313.44
00000XXX0		SAR07004		1A3			100,000,000				50,000,000				40,000,000				12,742,852				77.79	%			31,117,288				28,005,558.84
00000XXX0		SAMI07A3		IIA2			207,167,000				167,532,000				134,025,600				81,187,708				88.86	%			119,092,555				107,183,299.29
00000XXX0		SAR07006		2A2			70,162,000				70,162,000				56,129,600				19,969,481				81.63	%			45,821,396				41,239,256.03
00000XXX0		SAR07009		1A1			155,395,000				78,395,000				62,716,000				28,684,485				84.38	%			52,919,200				47,627,280.11
00000XXX0		SAR07011		1A1			131,272,000				106,272,000				85,017,600				45,053,802				84.99	%			72,256,984				65,031,286.05
000000XX0		TBW07002		A1A			232,240,000				122,240,000				97,792,000				29,898,182				58.45	%			57,155,565				51,440,008.61
0000000X0		XXX00X00		XX00			69,894,000				50,000,000				40,000,000				—				98.50	%			39,399,068				35,459,160.88
0000000X0		WMS03AR6		A1			1,312,286,100				495,286,100				396,228,880				29,197,483				13.60	%			53,871,750				48,484,575.39
0000000X0		WMS03AR7		A7			502,000,000				70,000,000				56,000,000				4,829,958				17.02	%			9,531,814				8,578,632.69
000000X00		WMS02S08		IIA7			469,000,000				100,000,000				80,000,000				2,405,902				13.75	%			10,998,977				9,899,079.05
000000X00		WMS03AR5		A7			728,025,000				100,000,000				80,000,000				5,800,413				11.75	%			9,398,983				8,459,085.02
000000XX0		WMS02A16		A			1,001,859,000				501,859,000				401,487,200				3,317,227				1.69	%			6,773,658				6,096,291.81
000000X00		XXX00X00		XX00			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 - Xxxxx Xxxxx
00000X0X0		XXX00X00		X0X0			445,107,000				82,000,000				65,600,000				12,889,612				29.04	%			19,052,146				17,146,931.70
00000X0X0		XXX00X00		0X0			336,316,000				108,316,000				86,652,800				7,386,436				58.91	%			51,049,606				45,944,645.02
00000X0X0		XXX00X00		X0X0			1,937,535,000				35,000,000				28,000,000				6,451,670				33.83	%			9,471,261				8,524,134.71
00000X0X0		XXX00X00		X0X0			500,000,000				115,000,000				92,000,000				21,198,344				33.83	%			31,119,869				28,007,882.21
00000X0X0		XXX00X00		X0X0			80,000,000				50,000,000				40,000,000				11,715,114				42.50	%			16,998,675				15,298,807.68
00000X0X0		XXX00X00		0X0			474,355,000				100,000,000				80,000,000				5,739,603				57.62	%			46,095,470				41,485,923.14
00000X0X0		XXX00X00		0X0			61,301,000				61,301,000				49,040,800				7,554,622				69.29	%			33,979,266				30,581,339.77
00000X0X0		XXX00X00		X0X0			65,000,000				40,000,000				32,000,000				8,535,089				41.85	%			13,391,923				12,052,730.88
00000X0X0		XXX00X00		0X0			458,257,000				198,000,000				158,400,000				10,909,261				54.28	%			85,987,267				77,388,540.61
00000XXX0		WMS03AR8		A			1,214,965,000				325,000,000				260,000,000				30,926,176				22.35	%			58,098,030				52,288,227.11
00000XX00		WMS04A13		A2A			380,200,000				36,000,000				28,800,000				3,376,847				18.16	%			5,230,056				4,707,050.85
00000XX00		WMS05AR2		2A1A			609,705,000				2,046,000				1,636,800				220,901				21.63	%			354,056				318,650.40
00000XX00		WMS05AR2		2A1B			406,478,000				92,478,000				73,982,400				9,984,579				21.63	%			16,003,111				14,402,800.27
00000XX00		WMS05AR2		2A2B			211,456,000				94,000,000				75,200,000				10,148,905				21.63	%			16,266,490				14,639,841.11
00000XX00		WMS05AR2		B1			137,230,000				11,230,000				8,984,000				6,137,236				75.24	%			6,759,963				6,083,966.48
00000XXX0		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
00000XX00		WMS05AR6		2A1C			397,282,000				271,282,000				217,025,600				33,719,858				23.59	%			51,188,910				46,070,018.84
00000XXX0		WMS04AR1		A			532,631,000				50,000,000				40,000,000				5,421,758				28.88	%			11,551,676				10,396,508.69
00000XXX0		WMS04AR3		A1			676,489,100				205,000,000				164,000,000				37,881,522				46.74	%			76,651,793				68,986,613.60
00000XXX0		WMS04AR3		A2			484,834,000				170,634,000				136,507,200				31,531,101				46.74	%			63,801,961				57,421,765.00
00000XXX0		WMS04AR2		A			574,152,300				84,612,000				67,689,600				4,435,733				10.56	%			7,149,508				6,434,557.22
00000XX00		WMS05AR7		A1			417,177,000				200,000,000				160,000,000				—				40.78	%			65,248,578				58,723,720.42
00000XX00		XXX00XX0		0X0X0			504,348,000				164,348,000				131,478,400				21,506,966				24.97	%			32,825,319				29,542,786.98
00000XXX0		WMS04AR6		A			656,738,000				125,000,000				100,000,000				7,314,786				13.64	%			13,639,339				12,275,405.46
00000XXX0		WMS04AR8		A1			578,995,000				95,000,000				76,000,000				8,054,707				15.32	%			11,644,378				10,479,940.06
00000XX00		XXX00XX0		X0X			298,877,000				163,877,000				131,101,600				18,684,518				23.76	%			31,143,349				28,029,014.30
00000XXX0		WMS04AR8		A3			14,000,000				14,000,000				11,200,000				1,187,009				15.32	%			1,716,014				1,544,412.35
00000XXX0		WMS04S03		2A2			34,848,734				34,848,734				27,878,987				—				90.54	%			25,241,028				22,716,925.45
00000XXX0		WMS04S03		3A1			66,552,000				21,852,000				17,481,600				1,039,768				43.98	%			7,688,560				6,919,703.70
00000XX00		XXX00X00		0X0			418,500,000				200,000,000				160,000,000				2,877,371				49.43	%			79,091,937				71,182,742.98
00000XXX0		XXX00X00		X0X			326,500,000				25,000,000				20,000,000				2,141,465				16.72	%			3,344,701				3,010,230.72
00000XXX0		XXX00X00		X0X			520,875,000				191,750,000				153,400,000				16,425,033				16.72	%			25,653,856				23,088,470.31
00000XXX0		WMS04CB3		IIA			108,400,648				39,400,000				31,520,000				10,160,679				48.38	%			15,250,210				13,725,188.65
00000XXX0		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
00000XXX0		WMS04A12		A2A			850,000,000				155,750,000				124,600,000				13,134,459				16.25	%			20,250,178				18,225,160.23
00000XXX0		WMS04A12		A5			146,509,000				50,000,000				40,000,000				13,872,188				53.47	%			21,387,578				19,248,820.42
00000XXX0		XXX00X00		X0X			150,000,000				10,000,000				8,000,000				843,304				16.25	%			1,300,172				1,170,154.68
00000XXX0		XXX00X00		X0X0			175,000,000				139,000,000				111,200,000				24,135,792				32.86	%			36,545,828				32,891,244.96
00000XXX0		XXX00XX0		X0X			181,486,000				15,000,000				12,000,000				3,463,330				43.48	%			5,217,159				4,695,443.28
00000XXX0		WMS06A17		1A			496,869,000				157,000,000				125,600,000				64,146,433				70.54	%			88,596,302				79,736,671.36
00000XXX0		XXX00X00		0X0X			57,000,000				37,000,000				29,600,000				15,117,312				70.54	%			20,879,383				18,791,444.81
00000XXX0		XXX00X00		0X0			100,000,000				75,000,000				60,000,000				25,493,019				73.11	%			43,866,473				39,479,825.95
00000XXX0		WMS07HY1		2A1			258,607,000				258,607,000				206,885,600				74,360,803				70.73	%			146,339,677				131,705,708.93
00000XXX0		WMS07HY1		3A1			175,621,000				100,621,000				80,496,800				14,013,092				81.28	%			65,427,120				58,884,408.04
00000XXX0		WMS07HY1		5A1			519,145,000				169,145,000				135,316,000				79,108,829				85.53	%			115,737,880				104,164,092.16
00000XXX0		WMS07HY2		3A1			189,678,000				121,250,000				97,000,000				52,434,813				81.08	%			78,645,891				70,781,301.95
00000XXX0		WMS07OA1		A1A			807,437,000				245,000,000				196,000,000				103,967,045				73.51	%			144,073,594				129,666,234.57
00000XXX0		XXX00XX0		XX0X			127,434,000				35,000,000				28,000,000				17,904,604				90.06	%			25,217,548				22,695,792.99
00000XXX0		WMS07HY6		3A2			440,348,000				180,000,000				144,000,000				73,630,744				91.24	%			131,382,893				118,244,603.52
00000XXX0		WMS07HY5		2A1			162,870,000				62,870,000				50,296,000				26,411,716				83.00	%			41,744,517				37,570,065.58
00000XXX0		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
00000XXX0		WMS06AR8		3A1			170,246,000				45,246,000				36,196,800				2,010,356				55.56	%			20,110,922				18,099,829.82
00000XXX0		XXX00XX0		X0X			317,069,000				40,000,000				32,000,000				12,662,726				55.83	%			17,866,651				16,079,986.08
00000XXX0		XXX00XX0		X0X0X			45,013,000				45,013,000				36,010,400				14,249,593				55.83	%			20,105,904				18,095,313.20
000000XX0		WMS07HY3		1A1			575,124,000				54,700,000				43,760,000				19,680,026				75.55	%			33,061,058				29,754,952.36
000000XX0		WMS07HY3		3A1			175,000,000				175,000,000				140,000,000				59,455,010				81.93	%			114,697,937				103,228,143.61
000000XX0		WMS07OA2		1A			637,887,000				26,000,000				20,800,000				11,134,690				77.27	%			16,072,718				14,465,446.56
000000XX0		WMS07OA2		CA1B			91,785,000				36,785,000				29,428,000				13,146,813				78.16	%			23,000,264				20,700,237.86
000000XX0		WMS07HY4		2A1			170,000,000				60,000,000				48,000,000				22,669,579				81.48	%			39,108,908				35,198,017.39
000000XX0		WMS07HY4		2A2			126,551,000				26,551,000				21,240,800				7,656,912				75.30	%			15,994,008				14,394,607.61
000000XX0		WMS06A18		2A3			100,000,000				50,000,000				40,000,000				17,425,599				74.34	%			29,734,120				26,760,707.71
000000XX0		WMS06A18		3A1			227,347,000				150,000,000				120,000,000				22,390,481				74.77	%			89,719,797				80,747,817.41
000000XX0		WMS06A19		1A			585,385,000				181,000,000				144,800,000				75,791,330				73.40	%			106,286,879				95,658,191.17
000000XX0		XXX00X00		0X0X			20,000,000				19,800,000				15,840,000				8,290,985				73.40	%			11,626,962				10,464,266.16
000000XX0		XXX00X00		0X0X			55,367,000				10,367,000				8,293,600				4,575,245				80.04	%			6,637,828				5,974,045.20
000000XX0		WMS06A19		CA1C			224,000,000				10,000,000				8,000,000				1,552,646				75.06	%			6,004,863				5,404,376.88
00000XXX0		XXX00XX0		0X0			173,642,000				160,000,000				128,000,000				1,386,823				61.60	%			78,852,543				70,967,289.14
00000XXX0		XXX00XX0		0X0X			65,485,000				20,000,000				16,000,000				6,949,792				61.80	%			9,887,200				8,898,480.00
00000XXX0		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
00000XXX0		WMS06A10		3A1			106,556,000				86,556,000				69,244,800				—				57.26	%			39,646,975				35,682,277.66
00000XXX0		XXX00X00		0X0			132,694,000				112,694,000				90,155,200				318,353				62.95	%			56,748,755				51,073,879.83
00000XXX0		XXX00X00		0X0			172,000,000				30,000,000				24,000,000				9,642,263				69.36	%			16,647,217				14,982,495.61
00000XXX0		WMS06A15		1A			491,091,000				22,180,000				17,744,000				8,738,528				70.07	%			12,433,852				11,190,466.81
00000XXX0		XXX00X00		0X0X			61,387,000				41,387,000				33,109,600				16,305,747				70.07	%			23,201,074				20,880,966.15
00000XXX0		WMS06A13		1A			789,552,000				189,000,000				151,200,000				72,848,856				68.75	%			103,954,701				93,559,230.46
00000XXX0		XXX00X00		0X0X			77,779,000				27,779,000				22,223,200				10,354,062				70.92	%			15,760,206				14,184,185.76
00000XXX0		WMS06A11		1A			546,992,000				19,000,000				15,200,000				6,834,356				64.66	%			9,828,460				8,845,613.61
00000XXX0		WMS06A11		3A1A			426,755,000				51,755,000				41,404,000				22,377,236				71.79	%			29,725,096				26,752,585.96
00000XXX0		XXX00X00		0X0X			53,345,000				53,345,000				42,676,000				9,161,024				71.79	%			30,638,300				27,574,470.06
00000XXX0		WMS07OA3		2A			408,000,000				49,000,000				39,200,000				21,597,692				79.10	%			31,006,538				27,905,884.44
00000XXX0		WMS07OA3		2A1B			55,817,000				35,817,000				28,653,600				15,786,900				79.10	%			22,664,514				20,398,062.51
00000XXX0		XXX00XX0		XX0X			96,121,000				96,121,000				76,896,800				43,929,289				80.22	%			61,687,826				55,519,043.34
00000XXX0		WMS07OA5		1A			658,534,000				50,000,000				40,000,000				26,423,825				89.25	%			35,700,147				32,130,132.48
00000XXX0		WMS07OA4		1A			750,761,000				200,000,000				160,000,000				105,841,193				88.91	%			142,259,562				128,033,606.02
00000XXX0		WMS07HY7		2A2			150,000,000				51,250,000				41,000,000				16,874,256				75.18	%			30,824,079				27,741,670.85
00000XXX0		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
00000XXX0		WMS07HY7		3A2			250,000,000				100,000,000				80,000,000				45,915,392				87.39	%			69,914,282				62,922,853.80
0000000X0		WAL05004		CB9			30,000,000				30,000,000				24,000,000				5,712,632				45.09	%			10,820,458				9,738,411.84
000000XX0		WMS03AR1		A6			482,490,000				166,500,000				133,200,000				2,691,245				3.50	%			4,655,461				4,189,914.85
000000X00		WMSC04R3		IA			81,529,000				81,529,000				65,223,200				3,362,278				25.24	%			16,462,325				14,816,092.72
000000XX0		XXX00XX0		XX0			419,828,000				97,550,000				78,040,000				2,772,674				19.76	%			15,419,605				13,877,644.47
000000XX0		WMS03MS5		IIA			92,613,000				80,000,000				64,000,000				2,171,717				19.50	%			12,480,275				11,232,247.91
000000X00		XXX00XX0		X0X			716,000,000				20,000,000				16,000,000				2,235,102				20.75	%			3,319,955				2,987,959.68
000000X00		XXX00XX0		X0X			477,350,000				62,350,000				49,880,000				6,967,930				20.75	%			10,349,963				9,314,966.73
000000X00		XXX00XX0		X0X0			764,000,000				76,000,000				60,800,000				8,493,387				20.75	%			12,615,833				11,354,249.74
000000X00		XXX00XX0		X0X			225,000,000				100,000,000				80,000,000				11,175,509				20.75	%			16,599,780				14,939,802.29
000000XX0		WMS03MS3		IIA1			125,395,000				50,000,000				40,000,000				1,372,576				15.76	%			6,302,358				5,672,121.77
000000XX0		WAL06004		1A2			3,471,900				3,471,900				2,777,520				163,513				82.38	%			2,288,199				2,059,379.28
000000XX0		WAL06004		2A2			1,645,800				1,645,800				1,316,640				—				57.14	%			752,357				677,121.12
000000XX0		WAL06AR4		DA			313,222,000				53,222,000				42,577,600				18,859,724				65.18	%			27,753,177				24,977,859.52
000000XX0		WAL06AR9		2A			515,152,000				75,000,000				60,000,000				31,492,864				81.80	%			49,080,267				44,172,240.46
000000XX0		WAL06AR9		CA1B			98,163,000				68,163,000				54,530,400				—				81.70	%			44,549,677				40,094,709.35
00000XXX0		WAL05005		CB1			200,834,000				25,750,000				20,600,000				4,652,580				51.17	%			10,541,656				9,487,490.40
00000XXX0		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
00000XXX0		WAL05007		4CB			29,539,800				29,539,800				23,631,840				7,929,683				41.45	%			9,795,216				8,815,694.40
00000XXX0		WAL05008		1A2			144,250,000				56,650,000				45,320,000				24,370,250				73.65	%			33,378,232				30,040,408.78
00000XXX0		WAL05010		3CB1			109,200,200				10,000,000				8,000,000				4,028,624				67.35	%			5,388,398				4,849,558.56
00000XXX0		WAL05010		4CB3			117,923,200				98,423,200				78,738,560				27,963,714				61.83	%			48,681,080				43,812,971.98
00000XXX0		XXX00XX0		X0X			80,373,000				51,373,000				41,098,400				13,947,324				56.81	%			23,347,588				21,012,829.53
00000XXX0		XXX00XX0		X0X			165,858,000				105,858,000				84,686,400				17,948,759				50.52	%			42,786,890				38,508,200.70
00000XXX0		WAL06001		2CB1			77,939,500				48,989,500				39,191,600				16,877,984				65.16	%			25,536,736				22,983,062.41
00000XXX0		WAL06001		3A2			87,437,500				10,000,000				8,000,000				2,806,448				67.90	%			5,431,905				4,888,714.32
00000XXX0		WAL06001		3A9			10,743,187				10,743,187				8,594,550				3,121,112				66.58	%			5,721,830				5,149,647.36
00000XXX0		XXX00XX0		X0X			167,977,000				20,000,000				16,000,000				3,378,302				62.37	%			9,979,249				8,981,323.92
00000XXX0		XXX00XX0		0X0X			443,914,000				36,300,000				29,040,000				8,486,025				44.81	%			13,012,465				11,711,218.32
00000XXX0		XXX00XX0		0X0X			147,972,000				20,000,000				16,000,000				4,675,496				44.81	%			7,169,402				6,452,462.16
00000XXX0		XXX00XX0		0X0X			85,926,000				20,000,000				16,000,000				4,840,876				44.51	%			7,121,798				6,409,618.56
00000XXX0		WAL06AR3		A1A			432,026,000				30,026,000				24,020,800				10,749,092				64.18	%			15,417,272				13,875,544.53
00000XXX0		XXX00XX0		X0X			180,011,000				86,100,000				68,880,000				16,071,800				64.18	%			44,208,908				39,788,017.26
00000XXX0		WAL06005		1A1			110,000,000				56,000,000				44,800,000				13,684,373				55.86	%			25,025,193				22,522,673.54
000000XX0		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 - Xxxxx Xxxxx
000000XX0		XXX00XX0		XX0X			72,074,000				72,074,000				57,659,200				—				87.73	%			50,585,064				45,526,557.41
000000XX0		WAL07OA3		DA1B			135,709,000				135,709,000				108,567,200				38,596,847				86.55	%			93,960,330				84,564,296.96
000000XX0		WAL07OA3		4A2			50,000,000				50,000,000				40,000,000				25,387,239				86.73	%			34,693,614				31,224,252.24
000000XX0		XXX00XX0		0XX			161,924,000				86,924,000				69,539,200				44,137,466				86.74	%			60,317,240				54,285,516.38
00000XXX0		WAL06AR5		3A			205,204,000				175,204,000				140,163,200				73,528,531				77.56	%			108,706,040				97,835,436.25
00000XXX0		WAL06AR5		4A			437,705,000				120,000,000				96,000,000				36,027,857				59.32	%			56,949,146				51,254,231.16
00000XXX0		WAL06AR5		5A			87,037,000				20,000,000				16,000,000				6,656,553				77.67	%			12,427,084				11,184,375.87
00000XXX0		WAL06AR7		A1A			669,407,000				82,730,000				66,184,000				27,953,508				65.20	%			43,153,537				38,838,183.26
00000XXX0		XXX00XX0		X0X			83,677,000				63,677,000				50,941,600				—				65.20	%			33,215,132				29,893,618.70
00000XXX0		WAL06008		A3A			40,000,000				20,000,000				16,000,000				14,948,149				100.00	%			16,000,000				14,400,000.00
00000XXX0		WAL06AR6		2A1B			157,529,000				107,529,000				86,023,200				22,331,148				78.95	%			67,918,304				61,126,473.74
00000XXX0		WAL06007		A3			83,031,521				20,000,000				16,000,000				13,525,440				100.00	%			16,000,000				14,400,000.00
00000XXX0		WAL06AR8		2A			374,380,000				124,380,000				99,504,000				46,721,871				74.08	%			73,710,649				66,339,584.23
00000XXX0		WAL06AR8		CA1B			74,000,000				50,000,000				40,000,000				—				75.65	%			30,260,951				27,234,855.68
00000XXX0		WAL07OA1		2A			423,487,000				100,000,000				80,000,000				38,474,483				71.56	%			57,245,215				51,520,693.46
00000XXX0		WAL07OA2		2A			367,666,000				125,000,000				100,000,000				53,814,468				82.95	%			82,952,241				74,657,016.54
00000XXX0		WAL07OA2		CA1B			73,829,000				17,500,000				14,000,000				—				84.24	%			11,793,293				10,613,964.14
00000XXX0		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
00000XXX0		XXX00XX0		X0X			83,188,000				26,188,000				20,950,400				8,185,270				92.13	%			19,301,742				17,371,568.22
00000XXX0		XXX00XX0		X0X			41,594,000				20,000,000				16,000,000				—				92.02	%			14,722,532				13,250,278.37
00000XXX0		WAL07OA5		A1A			311,634,000				100,000,000				80,000,000				52,080,662				86.16	%			68,930,948				62,037,853.42
00000XXX0		WFM03004		A9			100,000,000				100,000,000				80,000,000				—				20.10	%			16,081,112				14,473,000.80
000000XX0		WFM0400U		A1			740,112,000				95,500,000				76,400,000				2,791,075				6.65	%			5,079,856				4,571,870.48
000000XX0		WFM03007		A1			338,903,000				31,000,000				24,800,000				—				31.21	%			7,740,782				6,966,703.54
00000XXX0		WFM04004		A5			39,651,000				11,151,000				8,920,800				—				40.47	%			3,610,566				3,249,509.40
00000XXX0		WFM05A14		A2			293,863,000				183,863,000				147,090,400				—				54.83	%			80,653,590				72,588,230.70
00000XXX0		WFM05003		A10			69,019,000				39,019,000				31,215,200				—				19.97	%			6,235,185				5,611,666.67
00000XXX0		XXX00XX0		XX0			663,773,000				80,000,000				64,000,000				18,735,585				72.79	%			46,585,298				41,926,768.36
000000XX0		WFM07010		IA19			40,085,000				34,655,000				27,724,000				1,547,721				88.21	%			24,454,151				22,008,736.24
00000XXX0		WFM05A12		IIA6			485,300,000				96,900,000				77,520,000				22,614,640				56.95	%			44,150,896				39,735,806.67
00000XXX0		WFM06AR3		A1			222,926,000				100,000,000				80,000,000				17,808,196				60.22	%			48,178,815				43,360,933.54
00000XXX0		WFM06AR1		IIA2			317,343,000				100,000,000				80,000,000				—				69.51	%			55,604,404				50,043,963.89
00000XXX0		WFM06002		IA2			125,000,000				125,000,000				100,000,000				41,340,474				83.09	%			83,092,990				74,783,691.00
00000XXX0		WFM06002		IA9			43,557,000				43,557,000				34,845,600				3,695,727				73.48	%			25,604,234				23,043,811.04
00000XXX0		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
00000XXX0		WFM07AR3		A1			170,000,000				170,000,000				136,000,000				43,597,810				77.59	%			105,517,065				94,965,358.86
00000XXX0		XXX00X00		XX0			300,000,000				50,000,000				40,000,000				16,005,823				70.29	%			28,116,124				25,304,511.96
00000XXX0		XXX00X00		XX0			202,000,000				200,000,000				160,000,000				13,059,746				56.16	%			89,857,958				80,872,162.27
00000XXX0		WFA07PA1		A4			116,970,000				44,470,000				35,576,000				16,603,437				81.20	%			28,887,910				25,999,119.11
00000XXX0		WFA07PA4		IIA1			197,814,000				157,814,000				126,251,200				56,425,634				78.32	%			98,882,274				88,994,046.23
00000XXX0		WFA07PA3		IIA1			367,000,000				267,000,000				213,600,000				109,163,134				88.59	%			189,237,007				170,313,306.68
00000XXX0		WFM07007		A38			673,178,000				85,000,000				68,000,000				17,159,259				86.12	%			58,559,820				52,703,838.27
00000XXX0		WFM07004		A13			150,000,000				150,000,000				120,000,000				17,499,989				81.32	%			97,584,332				87,825,898.62
00000XXX0		WFM07011		A19			238,724,000				133,224,000				106,579,200				9,791,298				85.29	%			90,900,974				81,810,876.60
00000XXX0		WFM07008		IA5			421,000,000				375,000,000				300,000,000				68,240,382				85.96	%			257,892,939				232,103,644.83
000000XX0		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 Xxxxxxxxx.

000

00. 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 Xxxxxxxxx.

000

00. 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