Change in Managing Board

Press release 23 January 2008
KAS BANK announces that the Supervisory Board of KAS BANK has reached an agreement with Drs. J.S.A. (John) van Scheijndel, CFO of KAS BANK, concerning the termination of his employment as per 1 September 2008.

After a successful career of twenty three years, of which the last four years as a member of the Managing Board, John van Scheijndel has decided on a professional reorientation in the direction of risk management and asset management.

The Supervisory Board wishes to express their feelings of gratitude to Mr Van Scheijndel, and his share in the professional development and continuing growth of KAS BANK.