TREES S.A.

Société Anonyme

 

Registered Office: 46A, Avenue J.F. Kennedy, L-1855 Luxembourg

 

R.C.S. Luxembourg. B.78457

 

This notice is being issued pursuant to article 15 (3) of the law of 11 January 2008 relating to the transparency obligations concerning information about issuers whose securities are admitted to trading on a regulated market, and chapter 17 section 2 of the Securities Market Act, and implementing Commission Directive 2004/109/CE in Luxembourg and Sweden, respectively.

Trees S.A. a regulated securitization vehicle subject to the Luxembourg act dated 22 March 2004 on securitization issued value 17 February 2012 under its Program

Series 95 Class C SEK 54,500,000 Secured Note due 2017

XS00709090905

Trees S.A.

__________                        ___________

Erik van Os                        Florence Rao

Director                                    Director

April 27, 2012