ABN AMRO announces share buyback programme of EUR 500 million
ABN AMRO announced today the start of a third share buyback programme under
which it plans to repurchase depositary receipts and ordinary shares of ABN AMRO
Bank N.V., with a maximum total value of EUR500 million and for a number of shares
not exceeding the authority granted by the general meeting of shareholders on
19 April 2023 (10% of the issued shares).
The share buyback programme will commence on February 15th 2024 and is expected
to end no later than June 2024. The purpose of the share buyback programme is to
reduce the share capital of ABN AMRO. ABN AMRO's CET1 ratio was 14.3% at the end
of the fourth quarter of 2023. The capital required for the announced share
buyback programme has been reserved and is already excluded from year-end
capital ratios. The repurchased shares will be cancelled following the
completion of the share buyback.
The ECB has approved the share buyback programme, which will be executed within
the limitations of the existing authority granted by the general meeting of
shareholders on 19 April 2023 and in compliance with the Market Abuse
Regulation.
NLFI as a majority shareholder is currently executing a trading program with the
intention to bring its stake down to approximately 40%. NLFI will participate in
the buyback pro-rata on the basis of a 40% interest via off-market
transactions, thereby avoiding an increase in its relative stake in the company.
ABN AMRO has entered into a non-discretionary arrangement with a financial
intermediary to conduct the open market buyback. ABN AMRO will provide weekly
updates on the progress of the programme via a press release and on the Investor
Relations section of the ABN AMRO website
https://www.abnamro.com/en/home/information/share-buyback-programme

 ABN AMRO Press Office                   ABN AMRO Investor Relations
 Jarco de Swart                          John Heijning
 Senior Press Officer                    Head of Investor Relations
 pressrelations@nl.abnamro.com           investorrelations@nl.abnamro.com
 (mailto:pressrelations@nl.abnamro.com)  (mailto:investorrelations@nl.abnamro.c
 +31 20 6288900                          om)
                                         +31 20 6282282

This press release is published by ABN AMRO Bank N.V. and contains inside
information within the meaning of article 7 (1) to (4) of Regulation (EU) No
596/2014 (Market Abuse Regulation).
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