ABN AMRO Bank successfully priced a new USD 1.5 billion Subordinated Tier 2 transaction

Press release -

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Today, ABN AMRO Bank successfully priced a new benchmark USD 1.5 billion Subordinated Tier 2 transaction. The instrument has a maturity of 10 years, with a call in year 5, and has an initial coupon of 6.25% which resets following the call date.

ABN AMRO is strengthening its regulatory capital ahead of CRD IV implementation in 2013 when part of its outstanding Tier 2 capital will lose regulatory recognition. This transaction meets all known criteria proposed for Tier 2 capital under the latest draft of CRD IV. In addition it diversifies our investor base as it was targeted at Asian and Swiss retail investors and private banking clients, thereby complementing the Tier 2 transaction earlier this year which was aimed at European institutional investors.

NOT FOR DISTRIBUTION TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED).

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY NOTES OR A SOLLICITATION OF AN OFFER TO SELL ANY NOTES.

For more information, please contact:

ABN AMRO Press Relations
pressrelations@nl.abnamro.com
+31 20 628 8900 

ABN AMRO Investor Relations
investorrelations@nl.abnamro.com
+31 20 6282282

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