RESIGNATION ANNOUNCEMENT RONALD LATENSTEIN, FERENCE LAMP AND ROB ZWARTENDIJK AT SNS REAAL

Utrecht, 2-2-2013 — /europawire.eu/ — SNS REAAL NV announces that its Executive Board members Messrs Ronald Latenstein, CEO, and Ference Lamp, CFRO, and Chairman of the Supervisory Board, Mr Rob Zwartendijk, resign from their respective positions. Reason for this decision is that they do not want to and cannot take responsibility for the nationalisation scenario.

In the past few years, Messrs Latenstein and Lamp, together with the organisation and supported by the Supervisory Board, have worked very hard to resolve the issue of the Group’s property finance division. In this process, they consciously worked towards a private solution, because they believe that, from the organisation’s social position, this is the appropriate route. They have done everything in their power to achieve this. They have thus shown their responsibility to safeguard the future of the concern and the interests of the stakeholders. However, the Ministry of Finance has made another choice. The persons in question do not advocate the chosen solution, but respect the choice of the Ministry of Finance. They decided to resign from their positions of their own accord without receiving severance pay and remain available for an orderly transfer.

SNS REAAL regrets the departure of the persons in question, but respects their choice. SNS REAAL is greatly indebted to them for their tireless efforts and expertise with which they served the organisation in recent years. Under their management, a strategic repositioning and social renewal of the organisation was effected. Moreover, they leave behind healthy core activities. Mr Latenstein was CEO and Chairman of the Executive Board of SNS REAAL since 2009. From 2003 to 2009, he was CFO of the organisation. Mr Lamp was CFRO and member of the Executive Board since 2009. Mr Zwartendijk was Chairman of the Supervisory Board of SNS REAAL NV since 2009.

View press statement on the website of Ministry of Finance

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ABOUT SNS REAAL
SNS REAAL is an innovative service provider in the banking and insurance sector with a prime focus on the Dutch retail market and on small and medium-sized enterprises. Its activities cover three main product groups: savings and investments, mortgages and property finance, and insurance and pensions. From its historical background, SNS REAAL has always felt close to Dutch society. With a balance sheet total of € 134 billion (end of June 2012), SNS REAAL is one of the major financial bancassurance companies in the Netherlands. The company has a staff of nearly 6,700 (FTE) and is
headquartered in Utrecht, the Netherlands.

Corporate Communications

Jeroen de Graaf
+31 (0)6 – 18 30 65 75
corporatecommunicatie@snsreaal.nl

Chantal van den Berg
+31 (0)6 – 51 41 49 69
corporatecommunicatie@snsreaal.nl

Roland Kroes
+31 (0)6 – 83 24 50 14
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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