FRN Variable Rate Fix

LONDON--()--

27 July 2015

Issue: VCL MASTERS S.A

Series 2012-4 Class A Notes

XS0857706161

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

Date From: 27 July 2015

Date To: 25 August 2015

Record Date: 20 August 2015

Value Date: 25 August 2015

Benchmark Rate: -0.073%

Margin: 0.3%

Total Rate: 0.227%

Number of Days: 29

Day Count: Actual / 360

Interest Frequency: Monthly

Total Amount Due:

EUR 28,380.04

Interest Per 1K: EUR 0.18286108

Pool Factor: 1

Short Name: VCL MASTERS S.A
Category Code: RC
Sequence Number: 476785
Time of Receipt (offset from UTC): 20150727T170218+0100

Contacts

HSBC Security Services

Contacts

HSBC Security Services