Press Release

DBRS Releases Quarterly Surveillance Report for Panorama Alpha B.V.

CMBS
October 10, 2011

DBRS has today published a quarterly surveillance report for Panorama Alpha B.V. The report updates performance for the transaction as of the investor report dated July 25, 2011.

DBRS continues to monitor this transaction on a quarterly basis.

Notes:
The applicable methodologies are European CMBS Methodology, CMBS European Surveillance Methodology, Legal Criteria for European Structured Finance Transactions, Unified Interest Rate Model for European Securitisations and Swap Criteria for European Structured Finance Transactions.

All figures are in Euros unless otherwise noted.