Amsterdam/'s-Hertogenbosch, the Netherlands, 11 September 2023
Van Lanschot Kempen has given a notice of meeting for the purpose of soliciting
a consent for the transfer of the outstanding covered bonds under its EUR5 billion
Conditional Pass-Through Covered Bond programme to its EUR5 billion Soft Bullet
Covered Bond programme.
Proposed amendments
The purpose of the consent solicitation is that all the outstanding series under
the Conditional Pass-Through Covered Bond programme will be consolidated into
the Soft Bullet Covered Bond programme.
After implementation, the proposed amendments will result in replacing the
guarantor of the Conditional Pass-Through Covered Bond programme with the
guarantor of the Soft Bullet Covered Bond programme and to modify and/or replace
the final terms and the conditions of the Conditional Pass-Through Covered Bonds
with those of the Soft Bullet Covered Bond programme. Furthermore, the
Conditional Pass-Through Covered Bonds will become Soft Bullet Covered Bonds.
Van Lanschot Kempen has prepared a consent solicitation memorandum which
contains the full terms and conditions of this consent solicitation which is
available to covered bond holders on the website of Kroll:
https://deals.is.kroll.com/vanlanschotkempen.
Rationale
Van Lanschot Kempen has set up its EUR5 billion Soft Bullet Covered Bond programme
in March 2022 in addition to its existing EUR5 billion Conditional Pass-Through
Covered Bond programme, which was established in 2015. Van Lanschot Kempen
wishes to reduce its operational burden and the operating costs of
simultaneously maintaining two separate covered bond programmes, whilst only the
Soft Bullet Covered Bond programme will be used for future issuances. If the
consent solicitation is successful, there will no longer be any covered bonds
outstanding under the Conditional-Pass Through programme and subsequently this
programme can be terminated.

Media Relations        T
+31 20 354 45 85        mediarelations@vanlanschotkempen.com

(mailto:mediarelations@vanlanschotkempen.com)

Investor Relations    T
+31 20 354 45 90        investorrelations@vanlanschotkempen.com

(mailto:investorrelations@vanlanschotkempen.com)
About Van Lanschot Kempen NV
Van Lanschot Kempen is an independent, specialist wealth manager active in
private banking, investment management and investment banking, with the aim of
preserving and creating wealth, in a sustainable way, for both its clients and
the society of which it is part. Through our long-term focus, we create positive
financial and nonfinancial value. Listed at Euronext Amsterdam, Van Lanschot
Kempen is the Netherlands' oldest independent financial services company, with a
history dating back to 1737.
For more information, please visit vanlanschotkempen.com
Important legal information and cautionary note on forward-looking statements
This press release does not constitute an offer or solicitation for the sale,
purchase or acquisition in any other way or subscription to any financial
instrument and is not a recommendation to perform or refrain from performing any
action.
Elements of this press release contain information about Van Lanschot Kempen NV
within the meaning of Article 7(1) to (4) of EU Regulation No. 596/2014.
This press release is a translation of the Dutch language original and is
provided as a courtesy only. In the event of any disparities, the Dutch language
version will prevail. No rights can be derived from any translation thereof.
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