Expiration of exchange offer and cash tender offer for USD 250 million

Press release -

ABN AMRO Bank N.V. (ABN AMRO) announced on 27 May 2011 an exchange and cash tender offer for outstanding USD 250 million 7¾% Subordinated Deposit Notes, Series B, due 2023 of RBS N.V., New York Branch (formerly known as “ABN AMRO Bank N.V., New York Branch”) (RBS) (CUSIP/ISIN: 00077TAA2 /US00077TAA25) (the Existing Notes) for exchange into new 7.75% Fixed Rate Subordinated Notes due 2023 to be issued under ABN AMRO’s USD 25 billion Program for the Issuance of Senior/Subordinated Medium Term Notes (the New Notes), or for cash.


ABN AMRO hereby announces that each of the exchange offer and cash tender offer expired on 11:59 p.m. (New York City time), 24 June 2011. As at the time of this press release, in respect of the exchange offer, Existing Notes representing an aggregate of USD 112,964,000 in principal amount have been tendered for exchange and New Notes representing an aggregate of USD 112,964,000 in principal amount will be issued. Existing Notes representing USD 1,470,000 have been tendered for purchase. The aggregate Accrued Interest Payment will be USD 1,083,944.23. The settlement date will be 29 June 2011.

Further details, terms and conditions of this transaction, including noteholder eligibility conditions, can be found in the Exchange and Tender Offer Memorandum dated 27 May 2011, which can be obtained from the Exchange and Tender Agent, D.F. King & Co., Inc.

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