KAS BANK: no exposure to Fortis Holding

Press release 7 October 2008

In response to the continuous unrest on the financial markets, KAS BANK announces today that the bank has no exposure to Fortis Holding (Belgium). KAS BANK does not hold shares, bonds or any other position in Fortis. Furthermore, KAS BANK is not involved with any money market instruments relating to Fortis, and there are no existing securities lending relationships. KAS BANK’s clearing and settlement services relate to Fortis Netherlands only, of which the Dutch government is the sole shareholder.

KAS BANK’s solvency (BIS ratio) was circa 15 percent as at 30 September 2008. This is amply above the external target of 12.5 percent. KAS BANK’s liquidity is comfortably above the threshold required by the Dutch Central Bank. As at 30 September, liquidity remains at virtually the same level as at 30 June, as reported in KAS BANK’s interim report for the first half of 2008.

Further information on the measures taken by KAS BANK to address the volatility in the markets can be found here.