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RFS Holdings to acquire shares of ABN Amro

Fortis Bank, RBS, Santander and RFS Holdings have announced that more than 95% of ABN Amro ordinary shares have been tendered or will be contributed by the these banks to RFS Holdings with the result that the three banks may, if they so choose, initiate a squeeze-out in order to acquire the remaining ABN Amro ordinary shares.

RFS Holdings intends to cause the delisting of ABN Amro shares, and intends to acquire 100% of ABN Amro’s issued and outstanding share capital in the shortest possible time through the appropriate legal process. Holders of ABN Amro ordinary shares, ABN Amro ADSs and ABN Amro formerly convertible preference shares who have not yet accepted the offers have the opportunity to tender their ABN Amro shares until October 31, 2007.

ABN Amro shares tendered during the subsequent offering period will be accepted for payment. Settlement of ABN Amro shares tendered during the subsequent offering period will take place within five Euronext Amsterdam trading days of the day on which such ABN Amro shares are tendered. ABN Amro shareholders will not be able to withdraw any ABN Amro shares tendered during the subsequent offering period.