ABN AMRO Group reports Q1 2011 underlying profit of EUR 583 million

• Reported net result in Q1 2011 was EUR 539 million (Q1 2010 reported net profit: EUR 250million)

• Underlying net profit, which excludes separation and integration-related costs, amounted toEUR 583 million (Q1 2010 underlying net profit: EUR 314 million)

• Commercial & Merchant Banking realised good revenue growth, Retail & Private Bankingmaintained its solid performance, costs were kept under control and loan impairments were low

• The underlying cost/income ratio improved to 58% (71% in Q1 2010, which included highinterest costs for capital instruments, fees for a credit protection instrument and litigation provisions)

• At 31 March 2011, pro forma combined core Tier 1, Tier 1 and total capital ratio under Basel IIwere 11.3%, 13.8% and 17.9% respectively

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• 20110520 ABN AMRO Group reports Q1 2011 underlying profit of EUR 583 million