ABN AMRO to complete the legal merger on 29 June 2019

ABN AMRO has received all relevant declarations of no objection from regulatory authorities for the legal merger between ABN AMRO Bank N.V. (ABN AMRO Bank) and ABN AMRO Group N.V. (ABN AMRO Group). The execution of the legal merger deed is scheduled for 28 June 2019. As a consequence, the legal merger is set to become effective on 29 June 2019.

ABN AMRO Bank will be the remaining entity and ABN AMRO Group will cease to exist. As a result, all shares in ABN AMRO Group will become shares in ABN AMRO Bank and each depositary receipt will subsequently represent one share in ABN AMRO Bank. The depositary receipts will continue to trade at Euronext Amsterdam under the existing ISIN NL0011540547. The legal merger has no implications for holders of debt securities issued by ABN AMRO Bank.

The merger will have a positive impact on several capital ratios. On a pro forma basis, the Q1 2019 capital ratios will improve as follows: the Tier 1 ratio improves to 19.8% (from 18.9%), the total capital ratio to 25.8% (from 21.7%) and the leverage ratio to 4.3% (from 4.1%).

The legal merger will also remove the MDA shortfall (Maximum Distributable Amount) and simplify administrative processes. It will have no other material effects.