banking activities

In previous press releases ABN AMRO has announced that ABN AMRO Bank N.V. ("ABN AMRO") and RBTT Financial Holdings Limited ("RBTT") have signed a sale/purchase agreement regarding the sale of the onshore banking activities of ABN AMRO in Curaçao, and all its banking activities in Bonaire to Antilles Banking Corporation (Curaçao) N.V. ("ABC"), and the banking activities of ABN AMRO in Sint Maarten to Antilles Banking Corporation (Sint Maarten) N.V. ("ABC").

ABN AMRO is pleased to announce that on 5 November 2001 all assets and liabilities pertaining to ABN AMRO's onshore banking activities in Curaçao and all its banking activities in Bonaire, and the banking activities of ABN AMRO in Sint Maarten, have been transferred to ABC.

ABC has changed its name to RBTT Bank Antilles N.V. and RBTT Bank St. Maarten N.V. respectively to identify it as a member of the RBTT Group. The transfer of assets and liabilities includes the transfer of ABN AMRO's entire banking relationship with its clients, which means that their banking relationship with effect from 5 November 2001 is with RBTT Bank Antilles N.V. and RBTT Bank St. Maarten N.V. respectively.

ABN AMRO is grateful for the confidence the clients have given during all these years and trusts that with RBTT the business, the employees and the clients of ABN AMRO are in good hands. ABN AMRO will have a minority stake in RBTT Bank Antilles N.V. for a period up to three years.

ABN AMRO will continue its offshore banking activities in Curaçao, as well as its present activities carried out through ABN AMRO Bank Asset Management N.V. and ABN AMRO Trust Company N.V.