Personally I don't agree with the common line on here that its not possible to change the belt without a locking kit. BUT its a million times easier, quicker, safer and much more accurate to use a locking kit than not.
I liken the the timing marks on the belt cover backing plate and crank pulley as a mechanical version of the pedal trick and paper clip test for fault codes on electrics. These tricks where included for diagnosis in countries where a diagnostic tool is rare or non existent. Tech2 might be hard to come by.
Same with a locking kit, it might be hard to come by in poorer countries. So there MUST be a way to change the belt with out a kit. Same as there is a way to read the codes without tech 2.
However, what's different about the v engine is the 4 cams need setting 2 per bank. This adjustment is infinite. It's not a case of just getting the belt on the correct teeth and set the tension. You have to position each pair of cams to within a millimetre of the timing gauge in the kit, by adjusting the tension of the top and bottom roller(if adjustable, some aren't on the Dbw cars) in order to get the timing and hence performance to its optimum.
It's very easy to be a tooth out with out the kit/using the back cover marks, and we know that performance suffers if its that far out going by old posts on here.
So, its possible to change the timing belt, tensioner and rollers (must be done as a set as its the bearings that fail) without a locking kit, but I'd never recommend trying.
ALWAYS acquire a locking kit. Two cam locks, crank lock, setting gauge, wedge, and ring spanner. ALWAYS.