[Logo] BANK OF SCOTLAND AMSTERDAM BRANCH C O R P O R A T E Queens Towers Delflandlaan 1 1082 EA Amsterdam Telefoon: +31 20 3057 836 ABN AMRO Bank nr. 55.36.38.67.858 KvK: 34122516 BTW: NL8088.33.546

 

[Logo] BANK OF SCOTLAND		AMSTERDAM BRANCH
C O R P O R A T E		Queens Towers
		Delflandlaan 1  1082 EA Amsterdam  Telefoon: +31 20 3057 836  ABN AMRO Bank nr. 55.36.38.67.858  KvK: 34122516  BTW: NL8088.33.546

 

Royal Invest Europe B.V.

Mr. D. Havenaar

Dittlaar 7

1070 AC  Amsterdam

The Netherlands

 

23 November, 2007

 

Royal Invest Europe B.V. €100,000,000.00 Senior Facility

 

Dear Mr Havenaar,

 

We are pleased to confirm that our Executive has given approval to provide €100.000.000, - debt facility to Royal Invest Europe B.V. for the purpose of the acquisition of a mixed property investment portfolio.  Supporting this approval please find attached the Term Sheet outlining the final conditions that should be satisfied before drawdown of the funds.

 

Please confirm your acceptance by returning the signed Term Sheet.

 

Kinds Regards,

 

/s/Jim Donnelly, Associate Director

Bank of Scotland

Amsterdam Branch

 

 

 

www.bankscotland.co.uk/corporate		Part of HBOS Group
		Bank of Scotland, plc  Registered in Scotland number: SC327000 Registered Office: The Mound, Edingburgh EH1 1YZ Authorized and regulated by the Financial Service Authority.

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