FRN Variable Rate Fix

LONDON--()--

18 November 2015

Issue: VCL MASTERS S.A

Series 2012-2 Class A Notes

XS0857705353

Care Amendment

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

Date From: 26 October 2015

Date To: 25 November 2015

Record Date: 20 November 2015

Value Date: 25 November 2015

Benchmark Rate: -0.118%

Margin: 0.2%

Total Rate: 0.082%

Number of Days: 30

Day Count: Actual / 360

Interest Frequency: Monthly

Total Amount Due:

EUR 8,418.67

Interest Per 1K: EUR 0.06833336

Pool Factor: 1

Short Name: VCL MASTERS S.A
Category Code: RC
Sequence Number: 515692
Time of Receipt (offset from UTC): 20160315T132724+0000

Contacts

HSBC Security Services

Contacts

HSBC Security Services