Change to the KAS BANK AGM agenda

Based on discussions with a number of major shareholders, the Supervisory Board of KAS BANK has decided to withdraw agenda item 9 ('Managing Board Remuneration Policy’) from the agenda of the General Meeting of Shareholders to be held on 21 April 2010.

Shareholders have proposed a number of suggestions in advance of the AGM. In light of these, we have decided to enter into a new round of consultation with our shareholders regarding the remuneration policy for the Managing Board.

We will submit a new proposal in time for the General Meeting in 2011 at the latest. Until then, the existing remuneration policy will remain in place. The Supervisory Board will, if necessary, use its discretionary power to ensure that the Managing Board’s variable remuneration for 2010 is in accordance with the Dutch ‘Code Banken’ (Banking Code).

The Chairman of the Supervisory Board will provide a detailed explanation at the AGM on 21 April.

Amsterdam, 16 April 2010

Supervisory Board
KAS BANK N.V.