ABN AMRO announces final results of tender offer

Press release -

Today, ABN AMRO Bank N.V. (ABN AMRO) announces the final results of its invitation to the holders (the Noteholders) of the £750,000,000 Perpetual Subordinated (Upper Tier 2) Notes issued under the Programme for the issuance of Medium Term Notes and Direct Access Notes (the Notes) to tender their Notes for repurchase by ABN AMRO for cash (the Offer).


The Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 20 September 2010 (the Tender Offer Memorandum). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum. ABN AMRO is hereby pleased to announce that it has accepted for repurchase an aggregate principal amount of Notes amounting to £600,533,000.

The Repurchase Price, together with Accrued Interest, will be paid to Noteholders whose Notes have been accepted for repurchase by ABN AMRO. Settlement is expected to occur on Thursday 30 September 2010, in accordance with and subject to the Tender Offer Memorandum.

In conjunction with the announcement of the tender offer, on 20 September 2010, it was stated that ABN AMRO intended to issue new subordinated debt securities. Given uncertainties following recent Basel 3 announcements, ABN AMRO has decided not to issue new subordinated debt securities at this time.

The Offer was not made to any person located or resident in the United States or Italy, and was also subject to restrictions in other jurisdictions, all as further described in the Tender Offer Memorandum. This announcement must be read in conjunction with the Tender Offer Memorandum. 

ABN AMRO Bank N.V. (tel: +31 20 383 5872; email: ton.roeten@nl.abnamro.com) and Merrill Lynch International (tel: +44 20 7995 3715/2324; email: john.m.cavanagh@baml.com / tommaso.gros-pietro@baml.com) are acting as Dealer Managers for the Offer and Lucid Issuer Services Limited is acting as Tender Agent.

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


DISCLAIMER

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.

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