Friday, September 6, 2013

The Executive Board intends to change the division of responsibilities within the Executive Board. This change is a logical consequence of the tasks set for SNS REAAL by the shareholder following the nationalisation and includes an adjustment in governance and counteracting the integration of the bank and insurance activities.

Gerard van Olphen and Maurice Oostendorp will remain Chairman and CFRO of the Executive Board of SNS REAAL NV, respectively. Within the Executive Board, Mr Okhuijsen will focus on SNS Retail Bank and will, for that reason, also become Chairman of the Management Board of SNS Retail Bank. Within the Executive Board, Mr Steenpoorte will focus on the insurance activities.

On account of this proposed change in the division of responsibilities of the Executive Board, it has been decided in close consultation and by mutual agreement that SNS Retail Bank's current Chairman of the Board of Directors, Mr Ernst-Jan Boers, will step down from his position as Chairman as per 9 September. "The Executive Board wishes to express its gratitude to Ernst-Jan Boers for his ceaseless work for SNS Retail Bank. For this, he deserves all due respect. Especially for his role and commitment during the difficult and challenging period faced by the bank", says Gerard van Olphen, Chairman of the Executive Board.

For more information please contact

Corporate Communications

Chantal van den Berg

+31 (0)6 - 51 41 49 69

corporatecommunicatie@snsreaal.nl

Jeroen de Graaf

+31 (0)6 - 18 30 65 75

corporatecommunicatie@snsreaal.nl

Investor Relations

Jacob Bosscha

+31 (0)30 291 42 46

jacob.bosscha@snsreaal.nl

Kagan Köktas

+31 (0)30 291 42 47

kagan.koktas@snsreaal.nl

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