STAK Continuïteit ABN AMRO Group has started

STAK AAG is an independent foundation set up to acquire shares in ABN AMRO Group N.V. and, in exchange, to issue depositary receipts. As of today, STAK AAG will seek to protect the interests of the depositary receipt holders and ABN AMRO Group N.V. as effectively as possible. STAK AAG will do everything possible to counter any threat to the independence, continuity or identity of ABN AMRO Group N.V. In so doing, it will also take into account the interests of other stakeholders such as clients, savers, depositors and ABN AMRO Group N.V. employees, and the interests of society in general. The shares in ABN AMRO Group N.V. were acquired by the Dutch State in 2008 and have been managed by NL Financial Investments (NLFI) since 2011. On 20 November 2015, NLFI sold the first batch of shares as part of a staggered sale. The shares will not become available directly on the stock market, but will be transferred instead to STAK AAG, which will issue depositary receipts for them.

STAK AAG may restrict, exclude or revoke the voting rights of the depositary receipt holders temporarily. It may do so, for example, in the event of a hostile bid for ABN AMRO Group N.V. or if STAK AAG believes that any exercise of the voting rights by the depositary receipt holders would materially prejudice the interests of ABN AMRO Group N.V. For full details of the objects, procedures, and governance of STAK AAG, please refer to its Articles, Trust Conditions and Board Regulations, as available on this website.