FRN Variable Rate Fix

LONDON--(BUSINESS WIRE)--

26 November 2012

Issue: VCL MASTERS S.A

2012-4

XS0857706161

Pursuant to our appointment as Agent for the above stated issue, please be advised of the following interest rate determination:

Date From: 26 November 2012

Date To: 27 December 2012

Value Date: 27 December 2012

Benchmark Rate: 0.107%

Margin: 0.3%

Total Rate: 0.407%

Number of Days: 31

Day Count: Actual / 360

Interest Frequency: Monthly

Denomination: EUR 100,000.00

Amount per Denomination:

EUR 35.05

Total Amount Due:

EUR 40,693.05

Pool Factor: 1