ABN Abn Amro Holding N.V.

ABN Amro (ABN.YY) said on Monday the businessess acquired by the Dutch State were legally demerged form the RBS acquired businessess.

MAIN FACTS:

-There are now two separate banks within ABN AMRO Holding N.V., The Royal Bank of Scotland N.V. and the new entity named ABN AMRO Bank N.V., each licensed separately by the Dutch Central Bank.

-Both banks will be governed by the current managing and supervisory boards of ABN AMRO Holding N.V. until the legal separation of the new ABN AMRO Bank N.V. from ABN AMRO Holding N.V.

- The legal separation involves the transfer of the new ABN AMRO Bank N.V. to a holding company that has been established by the Dutch State. This transfer is expected to take place within two months of the legal demerger and is subject to approval by the Dutch Central Bank.

- The new ABN AMRO Bank N.V. will then become an independent bank with new managing and supervisory boards, operating under Dutch Central Bank supervision and unrelated to the RBS Group.

At legal separation, new managing and supervisory boards will be appointed for RBS N.V. which will operate under Dutch Central Bank supervision.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

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