Amsterdam/'s-Hertogenbosch, the Netherlands, 2 November 2023

  * Third-quarter results in line with first two quarters of 2023
  * Net AuM inflows at Private Clients ytd EUR2.7 billion, Q3 EUR0.5 billion
  * Net AuM inflows at Wholesale & Institutional Clients ytd EUR0.9 billion, Q3
    EUR0.1 billion negative
  * Client assets: EUR133.6 billion (end of June 2023: EUR130.8 billion), AuM:
    EUR117.9 billion (end of June 2023: EUR115.2 billion)
  * Strong capital ratio of 18.9%, after planned capital return of EUR2.00 per
    share (end of June 2023: 21.6%)

Jeroen Kroes, Van Lanschot Kempen's Chief Financial Officer, said: "Following a
positive stock market climate in the first six months of 2023, the third quarter
saw share prices drop. That said, inflows in assets under management (AuM) at
Private Clients in the Netherlands and Belgium continue to remain robust, with
current and new clients entrusting us with their wealth, driven in part by
innovations in our product offering. Private Clients' Relationship Net Promoter
Score stood at 34 by the end of the third quarter - a great tribute to our
private bankers' personal and entrepreneurial approach. Commission income rose
on the back of continued solid net inflows in the first nine months, coupled
with the acquisition of Robeco's online investment platform. The fourth quarter
will see us retain our focus on further, scalable growth, while maintaining a
capital-light balance sheet."
In the third quarter, Van Lanschot Kempen expanded on its proposition of wealth
management with a personal touch, after a successful launch in the second
quarter. The proposition provides private banking clients in the Netherlands
with a set of core portfolio investments coupled with a selection of specific
investments to help them personalise their portfolios as they see fit. In
collaboration with Robeco, Van Lanschot Kempen added the Megatrends Fund to its
client offering in the third quarter. It also launched its North American
Private Equity Fund in October to give clients access to SMEs in North America -
a good example of how we make our investment management expertise available to
our private clients.
As expected, interest income, including interest charges on medium-term notes,
was below the second-quarter figure. Savings were up slightly, with demand for
term deposits still growing. Van Lanschot Kempen persisted in its strict cost
focus in all its segments throughout the third quarter. Despite continuous
growth FTE numbers remained stable, adjusting for the addition of new colleagues
in the wake of the acquisition of Robeco's online investment platform. The
integration of these activities is proceeding according to plan, as is the
merger of Mercier Vanderlinden and Van Lanschot Belgium.
Van Lanschot Kempen's capital position remains very strong with a CET 1 ratio of
18.9% (end of June 2023: 21.6%), well above Van Lanschot Kempen's target of 15%
plus an add-on of 2.5% for acquisitions. The decrease in the ratio mainly
reflects the recognition of the planned capital return of EUR2.00 per share and
the completion of the acquisition of Robeco's online investment platform.
The sale of Van Lanschot Kempen's stake in Movares in the portfolio of
participating interests is expected to generate a book profit of around EUR23
million in the fourth quarter.
FINANCIAL CALENDAR

Ex-date                                         19 December 2023
Record date                                   20 December 2023
Payment date                                21 December 2023
Publication of 2023 annual results   22 February 2024

Media Relations
Maud van Gaal
T +31 20 354 45 85, mediarelations@vanlanschotkempen.com
(mailto:mediarelations@vanlanschotkempen.com)
Investor Relations
Tosca Holtland
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 its long-term focus, it creates
positive financial and non-financial 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 may contain forward-looking statements and targets on future
events and developments. These forward-looking statements and targets are based
on the current insights, information and assumptions of Van Lanschot Kempen's
management about known and unknown risks, developments and uncertainties.
Forward-looking statements and targets do not relate strictly to historical or
current facts and are subject to such risks, developments and uncertainties
which by their very nature fall outside the control of Van Lanschot Kempen and
its management. Actual results, performances and circumstances may differ
considerably from these forward-looking statements and targets.
Van Lanschot Kempen cautions that forward-looking statements and targets in this
press release are only valid on the specific dates on which they are expressed,
and accepts no responsibility or obligation to revise or update any information,
whether as a result of new information or for any other reason.
The figures in this press release have not been audited. Small differences are
possible in the tables due to rounding. Percentages are calculated based on
unrounded figures.
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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