Jean Frijns proposed as supervisory director at KAS BANK

Press release 27 March 2008

Prof. dr. J.M.G. Frijns (1947) will be proposed as new supervisory director at KAS BANK N.V. Until 2005, Mr. Frijns has been Director of Investments and member of the General Management at Pension Fund ABP. KAS BANK’s General Meeting of Shareholders will make a decision regarding the proposed appointment on 23 April 2008.

Until June 2005, econometrist Jean Frijns was Director of Investments and member of the General Management at Pension Fund ABP. Since 1995, he has been professor holding an endowed chair in Investment Science at the Free University of Amsterdam and since 2005, he has been key lecturer at the post-graduate education Corporate Compliance. In 2004, Frijns was appointed chairman of the Monitoring Committee Corporate Governance Code. In addition, he is also supervisory director at IMC International Marketmakers BV and Bouwinvest BV as well as member of the Board of Directors of the JPMorgan Funds in Luxembourg and of Rabo Ledencertificaten NV. He is also member of the investment committee of PGGM and of the Advisory Board of the Norwegian Government Pension Fund.

Quote Albert Röell, chairman of KAS BANK’s Managing Board:
“We are extremely pleased with the proposed appointment of Jean Frijns as supervisory director at KAS BANK. As former managing director of one of the largest global pension funds, he is an expert in the Dutch and European pension industry and international financial markets. With his broad experience in the area of national and international investing and international enterprise he is a suitable candidate within the required profile as new supervisory director. We expect that Mr. Frijns can make a valuable contribution to the further development of our specialised wholesale services within Europe.”

Quote Jean Frijns:
“I am very honoured with my proposed appointment as supervisory director at KAS BANK. In my former position as member of the General Management of ABP, I have got to know KAS BANK as an independent specialist and market leader within the Dutch and European securities industry. The strategy of autonomous growth within Europe offers many opportunities and challenges, particularly in the area of risk management and management information for institutional investors and financial institutions. In consultation with my fellow supervisory directors I would like to focus on the further expansion of KAS BANK as European securities specialist.”

Jean Frijns has the Dutch nationality and does not hold any KAS BANK shares. His proposed appointment is subject to approval of the supervisory institution and will fill the vacancy arising as a result of the departure of Mr. P. Ribourdouille. Mr. Ribourdouille has been supervisory director at KAS BANK for a period of eight years, of which the last six years as chairman of the Supervisory Board.