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Euro Commercial Paper Program

Euro Commercial Paper Program – €1.5 billion

The Euro Commercial Paper Program of Royal DSM is a framework with standard terms & conditions, which are applicable if Notes are issued. The Euro Commercial Paper Program is not quoted on a Stock Exchange. The terms & conditions of this program are laid down in the Prospectus.

Commercial Paper Program in detail:

Issuer Koninklijke DSM N.V.
Short term rating Moody's: P-2,
Standard & Poor's: A-2
Date of implementation 13 September 2011
Maximum Volume € 1,500,000,000
Tenor Between 1 and 364 days
Minimum denomination €100,000 or GBP 100,000
Clearing agent Euroclear & Clearstream
Dealers Citibank International, Royal Bank of Scotland, Deutsche Bank, BNP Paribas Fortis, ING Bank and RABO Bank.
Issuing & Paying agent Citibank, London

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