ABN AMRO Bank announces the result of shield I tender offer

Press release -

Further to the announcement made by ABN AMRO Bank N.V. (the "Purchaser") on 19 January 2011 and following the expiration of the Tender Offer at 5 p.m. (Amsterdam time) on Friday 28 January 2011, the Purchaser is pleased to announce the results of the Tender Offer.


The aggregate principal amount outstanding of the Shield I Class A Notes (with ISIN XS0238072895) accepted for purchase by the Purchaser pursuant to the Tender Offer is € 413,500,000. The Purchase Price in respect of the Shield I Class A Notes accepted for purchase by the Purchaser is € 411,019,000.

The aggregate principal amount outstanding of the Shield I Class B Notes (with ISIN XS0238073273) accepted for purchase by the Purchaser pursuant to the Tender Offer is € 121,700,000. The Purchase Price in respect of the Shield I Class B Notes accepted for purchase by the Purchaser is € 120,239,600. On the Settlement Date the Purchase Price, together with Accrued Interest, will be paid to Noteholders whose Notes have been accepted for purchase by ABN AMRO. The Settlement Date is expected to occur on Wednesday 2 February 2011, in accordance with and subject to the Tender Offer Memorandum.


FOR FURTHER INFORMATION

the Tender Agent: LUCID ISSUER SERVICES LIMITED Leroy House 436 Essex Road London N1 3QP United Kingdom Contact: Lee Pellicci / + 44 20 7704 0880 / abnamro@lucid-is.com

and the Dealer Managers:

ABN AMRO Bank N.V.
Gustav Mahlerlaan 10
1082 PP Amsterdam
The Netherlands
Contact: Elitsa Vitkova / Katja Pazelskaya
Telephone: +31 20 628 2577 / +31 20 628 2570
Email: elitsa.vitkova@nl.abnamro.com / katja.pazelskaya@nl.abnamro.com

Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank International)
Croeselaan 18
3521 CB Utrecht
The Netherlands
Contact: Paul Vanner / Daniel Diaz/Julie Holt Telephone +44 20 7664 9737 / +44 20 7664 9624 / +44 20 7664 9557
Email: paul.vanner@rabobank.com / daniel.diaz@Rabobank.com / julie.holt@rabobank.com

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of ABN AMRO, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. The restrictions are set out in the Tender Offer Memorandum in chapter "Tender Offer and Distribution Restrictions".

For further information, please contact

ABN AMRO Press Office
pressrelations@nl.abnamro.com
+31 20 6288900

ABN AMRO Investor Relations
Investorrelations@nl.abnamro.com
+31 20 3830517

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