ABN AMRO Announcement

Bangkok--May 14--Weber Shandwick (Thailand) ABN AMRO confirms remarks made yesterday by Mr. Wee Cho Yaw, Chairman of Singapore's United Overseas Bank, that Chulakorn Singhagowin, Bank of Asia's President and CEO will remain with the Thai bank until completion of the sale of Bank of Asia to UOB. ABN AMRO also acknowledged that when informed of ABN AMRO's intention to sell its 80.77% stake in Thailand's Bank of Asia, Chulakorn Singhagowin had already indicated that he wished to leave the Bank at the conclusion of the transaction , as it was appropriate and timely given the imminent change of ownership and his 12 years as CEO. The bank of Asia transaction is expected to be completed in the third quarter, at which time Chulakorn will tender his resignation. Lex Kloosterman , CEO Private Clients and New Growth Markets at ABN AMRO expressed his appreciation for the role Chulakorn has played in managing Bank of Asia during the 6 year period of ABN AMRO's investment. That Bank of Asia is now a stable and profitable bank with a strong domestic franchise is an achievement that Chulakorn can be proud of and we recognize the special contribution he has made to both Bank of Asia and the ABN AMRO group, Mr Kloosterman added. About ABN AMRO Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 639.9 bn (as at 31 March 2004). It has over 3,000 branches in more than 60 countries and territories, and has a staff of about 110,000 full-time equivalents worldwide. ABN AMRO is listed on the Euronext, London and New York stock exchanges. Press contacts: Charles Skeeles +852 2700 5251 or Weber Shandwick (Thailand) Limited Khun Lakpilai Worasaphya 662 257 0300 # 312 End. -NT-

• ข่าวUnited Overseas Bank
• ข่าวWeber Shandwick
• ข่าวo:fin
• ข่าวo:loc
• ข่าวo:med