Termination of capital relief instrument between Dutch State and ABN AMRO

Press release -

ABN AMRO Bank N.V. (ABN AMRO) has notified the Dutch State that it exercises its option to terminate the capital relief instrument (CRI) as of 31 October 2010.

As part of the preparation for the separation from ABN AMRO Holding N.V. the Ministry of Finance, on behalf of the Dutch State, and ABN AMRO Bank N.V. agreed upon the CRI in July 2009. The Dutch State assumed the credit risk of a EUR 34.5 billion earmarked high-quality Dutch residential mortgage portfolio against payment of a EUR 169 million annual fee (pre-tax).

ABN AMRO reports under Basel II as of 1 April 2010. The impact of the transaction on risk-weighted assets under Basel II is significantly less. Therefore the bank has decided to use its right to terminate the CRI as it was no longer (cost) efficient. ABN AMRO will continue to be adequately capitalised.

For further information, please contact:

ABN AMRO Press Office
+31 20 6288900

ABN AMRO Investor Relations
+31 20 3830517


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