Moody's: No negative rating impact on ABN AMRO Bank N.V. Covered Bond Programme following annual update of the programme documentation

London, 09 December 2013 -- Moody's Investors Service has today announced that the amendments to the transaction documents of the ABN AMRO Bank N.V. Covered Bond Programme (the "Programme") in conjunction with the programme update, will not, in and of themselves and at this time, result in a reduction or withdrawal of the current Aaa ratings of the notes issued under the Programme. The main amendment consists of the removal of a supplemental liquidity reserve to be created upon loss of P-1, introduced in June 2010. The updates to the Programme include amongst others the reduction of the asset percentage from 79.4% to 78.6% (resulting in additional committed over-collateralization), the increase of the Programme's size to EUR30bn from EUR25bn, the change in the definition of the asset cover test and the inclusion of FATCA-related provisions.

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