PGGM places part of its securities under custody with KAS BANK

A part of the European securities portfolio that PGGM manages on behalf of the Dutch Pensioenfonds Zorg en Welzijn is to be placed under custody with KAS BANK. Both companies agreed to this, continuing the existing cooperation between PGGM and KAS BANK.

PGGM


KAS BANK


About PGGM
PGGM is a leading pension fund administrator and asset manager. It administers the pension scheme and provides asset management for Pensioenfonds Zorg en Welzijn. PGGM has EUR 72 billion of pension assets invested on behalf of over two million current and former employees in the care and welfare sector.

About KAS BANK
KAS BANK is a European specialist in wholesale securities services. As an independent bank, we connect professional financial institutions both within Europe and across the globe. We focus on providing added-value services to national and international organisations active in the pensions and securities industries. We view the market from the perspective of our clients – tailor-made services and complete transparency are paramount in helping them to meet their business objectives. KAS BANK is located in Amsterdam, London, Frankfurt am Main and Wiesbaden.

Zeist/Amsterdam, 8 January 2009

For further information

PGGM
Corporate Communication
David Uitdenbogaard
E-mail: david.uitdenbogaard@pggm.nl
Telephone +31 30 277 97 35
www.pggm.nl

KAS BANK
Michiel Janssen
E-mail: michiel.janssen@kasbank.com
Telephone +31 20 557 52 30
www.kasbank.com