ABN
AMRO confirms that it has received a
proposal for a revised offer from Barclays
(the "Revised Barclays
Offer")
and notes that the
consortium of Fortis, RBS and Santander has formally launched
its offer for ABN
AMRO.
The
Revised Barclays Offer includes
amended
offer terms and has
introduced a significant
cash element, together
with
a mix-and-match alternative. The proposed strategic cooperation
with China Development
Bank further
enhances the
growth opportunities of the combined group in the attractive
Asian market and
can result
in creation of
additional long-term value
for ABN AMRO shareholders.
ABN
AMRO welcomes the opportunity for
shareholders to consider two competing proposals
on a level playing
field.
As
announced previously, ABN AMRO
confirms that its Managing and Supervisory Boards
will act in the best
interests
of all
stakeholders, including shareholders, and will assess both
offers in a fair and
transparent
manner.
Certain
technical amendments to the
merger protocol with Barclays will be filed with
the SEC later today, and
will be
available on the
ABN AMRO website (www. ABN AMRO.com). Further announcements
will be made
in the
near future,
including as to a recommendation
by the Managing and Supervisory
Boards of ABN
AMRO.
Press
contact: +31 20
6288900
IR
contact: +31 20
6287835
This
is an announcement pursuant to
article 9b paragraph 1 of the Dutch Securities
Markets Supervision
Decree
(Besluit toezicht
effectenverkeer
1995).
This
document shall not constitute an
offer to sell or the solicitation of an offer to buy any
securities, nor shall
there be
any sale of
securities, in any jurisdiction in which such offer, solicitation or
sale would be unlawful
prior to
registration
or qualification under the
securities laws of any such jurisdiction.
Cautionary
statement regarding
forward-looking statements
This
announcement contains
forward-looking statements. Forward-looking statements
are statements that
are not
historical facts,
including statements about
our beliefs and expectations.
Any statement in this
announcement
that expresses
or implies our intentions, beliefs, expectations
or predictions (and the
assumptions
underlying
them) is a forward-looking statement. These
statements are based on plans,
estimates
and projections,
as they are currently available to the management
of ABN AMRO Holding N.V.
("ABN AMRO").
Forward-looking statements therefore speak only as of the date
they are made,
and we take