Call Notice: Robeco Multi Market Bonds XS0701182544

To the holders of the Robeco Multi Market Bonds DEC 11/21 (EUR) (ISIN: XS0701182544) issued by Robeco Direct N.V. (“the Notes”) – the obligations of Robeco Direct N.V. under the Notes have been assumed by Coöperatieve Rabobank U.A.

Notice is hereby given that, a Hedge Disruption Event has occurred. Reference is made to the notice given by the Issuer to the Noteholders dated 7 November 2017 (“the Notice”), following which the Issuer has determined that a Hedge Disruption Event has occurred. Therefore, the Issuer has decided to redeem all the Notes outstanding and that the Notes will be redeemed early on 14 November 2017 at the Early Redemption Amount. After payment in full of the Final Redemption Amount the Issuer shall be released of all obligations hereunder.

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