Following the acquisition of ABN AMRO's wholesale business by The Royal Bank of Scotland (RBS), we have received approval from the Dutch Central Bank for the first phase of our transition plans, allowing us to provide an enhanced range of world class services, including:

• Global strength across equities, corporate finance/advisory, emerging markets and transaction banking (including award winning offerings across multiple markets in global cash management, trade and supply chain).
• An enlarged RBS with a global network in more than 50 countries helping us to deliver to you local knowledge with global expertise.
• A market leading capability in Debt and Risk Management products.

To make this enhanced capability available to you, both ABN AMRO and RBS have appointed the other as its agent so your Relationship Manager (or other nominated contact) will be able to conduct business for both RBS and ABN AMRO. Your current contacts remain unchanged until advised otherwise.

In order for us to provide you with an effective service, we will be sharing and consolidating all records and information held by ABN AMRO and RBS on you and your business. This is, of course, subject to adopting consolidated conflict management and client confidentiality handling arrangements.

The integration of the two banks will take place in a number of stages over the coming months and you will begin to see increased use of the RBS brand in our dealings with you. As this progresses every effort will be made to ensure that there will be minimum disruption to our clients.

Throughout the integration process ABN AMRO will remain a separately capitalised, independently regulated bank.

This is an incredibly exciting time for us and we are confident that the opportunities provided by our enhanced range of services will be of great benefit to you.