ABN
AMRO
offer update 17 September
ABN
AMRO notes the announcement of the Ministry of Finance today regarding
the offer
of the Consortium of Royal Bank of Scotland, Fortis and Santander for
ABN AMRO.
The Minister has decided to grant declarations of no objection to members
of the
Consortium.
The
declarations are each subject to conditions. These conditions are included
in
the announcement of the Ministry of Finance on: www.minfin.nl. This
decision is based on positive advice from De Nederlandsche Bank, the
Dutch
Central Bank, which is available on: www.dnb.nl.
This
is an
announcement pursuant to article 9b paragraph 1 of the Dutch Securities
Markets
Supervision Decree (Besluit toezicht effectenverkeer 1995).
This
document shall
not constitute an offer to sell or the solicitation of an offer to
buy any
securities, nor shall there be any sale of securities, in any jurisdiction
in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
Press
contact: +31 20 6288900
IR
contact:
+31 20 6287835
Cautionary
statement regarding forward-looking statements
This
announcement
contains forward-looking statements. Forward-looking statements are
statements
that are not historical facts, including statements about our beliefs
and
expectations. Any statement in this announcement that expresses or
implies our
intentions, beliefs, expectations or predictions (and the assumptions
underlying
them) is a forward-looking statement. These statements are based on
plans,
estimates and projections, as they are currently available to the management
of
ABN AMRO Holding N.V. ("ABN AMRO"). Forward-looking statements therefore
speak
only as of the date they are made, and we take no obligation to update
publicly
any of them in light of new information or future events.
Forward-looking
statements involve inherent risks and uncertainties. A number of important
factors could therefore cause actual future results to differ materially
from
those expressed or implied in any forward looking statement. Such factors
include, without limitation, the outcome of the offers for our business
by
Barclays PLC ("Barclays") and the consortium of Banco Santander Central
Hispano,
S.A., Fortis SA/NV and the Royal Bank of Scotland Group plc ("RBS"
and
collectively, the "Consortium"); the completion of our proposed disposition
of
LaSalle; the conditions in the financial markets in Europe, the United
States,
Brazil and elsewhere from which we derive a substantial portion of
our trading
revenues; potential defaults of borrowers or trading counterparties;
the
implementation of our restructuring including the envisaged reduction
in
headcount; the reliability of our risk management policies, procedures
and
methods; the outcome of ongoing criminal investigations and other regulatory
initiatives related to
compliance
matters
in the United States and the nature and severity of any sanctions imposed;
and
other risks referenced in our filings with the US Securities and Exchange
Commission (the "SEC"). For more information on these and other factors,
please
refer to Part I: Item 3.D "Risk Factors" in our Annual Report on Form
20-F filed
with the SEC and to any subsequent reports furnished or filed by us
with the
SEC. The forward-looking statements contained in this announcement
are made as
of the date hereof, and the companies assume no obligation to update
any of the
forward-looking statements contained in this announcement.
Additional
Information
Barclays
has filed
with the SEC a Registration Statement on Form F-4, which contains a
prospectus,
and a Tender Offer Statement on Schedule TO. RBS has filed with the
SEC a
Registration Statement on Form F-4, which contains a prospectus, and
RFS
Holdings B.V., Fortis N.V., Fortis SA/NV, Fortis Nederland (Holding)
N.V., RBS,
Banco Santander Central Hispano, S.A.. and Santander Holanda B.V. have
filed
with the SEC a Tender Offer Statement on Schedule TO. ABN AMRO has
filed with
the SEC Solicitation/Recommendation Statements on Schedule 14D-9 in
respect of
the offer by each of Barclays and the Consortium.
INVESTORS
ARE URGED
TO READ ANY DOCUMENTS REGARDING THE POTENTIAL TRANSACTIONS IF AND WHEN
THEY
BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors
may obtain
a free copy of such filings without charge at the SEC's website
(http://www.sec.gov). Copies of the prospectus contained in the Barclays
Form
F-4 may also be obtained, without charge, from Barclays and copies
of the
prospectus contained in the RBS Form F-4 may also be obtained, without
charge,
from RBS.
The
publication and distribution of this document and any separate documentation
regarding the intended offer, the making of the intended offer and
the issuance
and offering of Barclays and RBS ordinary shares may, in some jurisdictions,
be
restricted by law. This document is not being published and the intended
offer
is not being made, directly or indirectly, in or into any jurisdiction
in which
the publication of this announcement and the making of the intended
offer would
not be in compliance with the laws of that jurisdiction. Persons who
come into
possession of this announcement should inform themselves of and observe
any of
these restrictions. Any failure to comply with these restrictions may
constitute
a violation of the securities laws of that jurisdiction.