Donkers appointed Chairman of the Managing Board of STATER N.V.

Amersfoort, The Netherlands, 26 November 2003 - STATER today announces that Rudolph Donkers will take up his post as Chairman of the Managing Board of STATER N.V. as per 1 December. He replaces Rik Douwes who left STATER at the beginning of July.







Rudolph Donkers, (47) studied law, business economics and an MBA in New York/ Rotterdam after which he gained broad senior experience in a 17 year career within the ABN AMRO Bank. Here he developed his entrepreneurial and commercial skills in positions such as Regional Director and also in the Product Development Division of the Business Unit Nederland in which he ultimately had overall responsibility for the Securities Operations.



Donkers has extensive experience in commerce, operational risk management, operational excellence and insourcing.







Donkers' appointment as the new Chairman of the Managing Board โ€" where he will work closely with Director Harry de Brauw - reinforces and supports the change of direction that was announced earlier this year. STATER has changed its strategy to approach large players in the European and Dutch markets, as well as continuing to enhance and optimize its relationship with its current clients.



Notes to Editors



For more Information, please contact:



STATER, Communications Department



Ingrid Archer-van den Berg



Telephone

+31 (0)33 45 09 611



E-mail



i.archer@stater.com



Website

www.stater.com







About STATER N.V.



STATER is the leading provider of independent, third party residential mortgage servicing in Continental Europe. STATER, known as "The EuroServicer" for its Pan-European expansion strategy, is focused on streamlining the origination, servicing and securitization of mortgage loans in a completely automated and paperless format.



With headquarters in Amersfoort, The Netherlands, STATER currently dominates the Dutch market with a servicing share of 30%. STATER has also set up operations in Bonn to provide servicing for the German market and in Brussels for the Belgian market.







STATER is a rapidly growing international company supporting mortgage providers in selling, processing and financing their mortgage portfolio. In January 1997 STATER began their activities as a provider of mortgages for institutions operating in the Netherlands.



Since then STATER has become the most important player in the Dutch market. More recently Germany and Belgium have also become part of their target market. STATER, headquartered in Amersfoort splits its activities into two areas โ€" support and processing of mortgage and insurance portfolios of major players in the mortgage market and consultancy services to the secondary mortgage market. Among other areas STATER is active in portfolio analysis, due diligence and risk management.