FRN Variable Rate Fix

LONDON--()--

23 April 2014

Issue: VCL MASTERS S.A

2013 - 1 Compartment 2

XS0908771354

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

Date From: 25 April 2014

Date To: 27 May 2014

Record Date: 21 May 2014

Value Date: 27 May 2014

Benchmark Rate: 0.253%

Margin: 0.55%

Total Rate: 0.803%

Number of Days: 32

Day Count: Actual / 360

Interest Frequency: Monthly

Total Amount Due:

EUR 142,755.56

Interest Per 1K: EUR 0.7137778

Pool Factor: 1

Short Name: VCL Masters SA
Category Code: RC
Sequence Number: 415319
Time of Receipt (offset from UTC): 20140423T170848+0100

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HSBC Security Services

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Contacts

HSBC Security Services