VAN LANSCHOT : Results of European stress test

  * Tier I ratio under the adverse stress scenario (including sovereign risk
    impact) of 9.0%,
    or 50% above the threshold of 6.0%
  * No exposure to countries with high sovereign risk
  * 97% of the total sovereign bond portfolio consists of German and Dutch
    government bonds or bonds guaranteed by the Dutch state


Floris Deckers, chairman of the Board of Managing Directors of Van Lanschot:
"It's a well known fact that Van Lanschot has a conservative risk profile. The
bank has virtually no country risk exposure in its investment portfolio. This
policy is consistently reflected in the results of the various stress tests that
we regularly perform as part of our risk management procedures and is again
evident in the results of the CEBS stress test. The same solid capital and
liquidity positions of the bank also formed the basis for the reconfirmation by
Standard & Poor's of our Single A- stable outlook credit rating at the beginning
of July 2010."

Van Lanschot performed the EU-wide stress testing exercise coordinated by the
Committee of European Banking Supervisors (CEBS) in cooperation with the
European Central Bank and national supervisory authorities, including the Dutch
Central Bank. This stress test complements the risk management procedures and
regular stress testing programmes performed by Van Lanschot as part of its
Internal Capital Adequacy Assessment Process (ICAAP), and under the Pillar 2
framework of the Basel II and Capital Requirements Directive (CRD) requirements.

The exercise was conducted using the scenarios, methodology and key assumptions
provided by CEBS (see the aggregate report published on the CEBS website). As a
result of the assumed shock under the adverse scenario, the estimated
consolidated Tier I capital ratio would change to 9.3% at year-end 2011 compared
with 10.1% as of end of 2009. An additional sovereign risk scenario would have a
further impact of 0.3 percentage points on the estimated Tier I capital ratio,
bringing it to 9.0% at the end of 2011, compared with the regulatory minimum of
4.0%.

The results of this stress test show that Van Lanschot has a capital buffer of
50% - or EUR 465 million - of the Tier I capital relative to the threshold of
6.0% for the Tier I capital adequacy ratio agreed exclusively for the purposes
of this exercise. This threshold should by no means be interpreted as a
regulatory minimum (the regulatory minimum for the Tier I capital ratio is set
to 4.0%), nor as a capital target reflecting the risk profile of the institution
determined as a result of the supervisory review process in Pillar 2 of the CRD.

The stress test was carried out under a number of key common simplifying
assumptions (e.g. constant balance sheet). The information on the scenarios
(both the benchmark and the adverse scenarios) is therefore provided only for
comparison purposes and should in no way be construed as a forecast.

In the interpretation of the outcome of the exercise, it is imperative to
differentiate between the results obtained under the different scenarios
developed for the purposes of the EU-wide exercise. The results of the adverse
scenario should not be considered as representative of the current situation or
possible present capital needs. A stress testing exercise does not provide
forecasts of expected outcomes since the adverse scenarios are designed as
"what-if" scenarios including plausible but extreme assumptions, which are
therefore not very likely to materialise. Different stresses may produce
different outcomes depending on the circumstances of each institution.

The results of the stress test for Van Lanschot are attached in Annexe I. A
summary of Van Lanschot's exposure to central and local government by country is
attached in Annexe II.

's-Hertogenbosch, 26 July 2010


Van Lanschot Media Relations: Etienne te Brake, Corporate Communication
spokesperson
Telephone [phone]; mobile [phone];
[e-mail]

Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations
Manager
Telephone [phone]; mobile [phone];
[e-mail]

Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the
oldest independent bank in the Netherlands with a history dating back to 1737.
Van Lanschot focuses on three target groups: high net-worth individuals,
medium-sized businesses (including family businesses) and institutional
investors. Van Lanschot stands for high-quality services founded on integrated
advice, personal service and customised solutions. Van Lanschot NV is listed on
the Euronext Amsterdam Stock Market.


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[HUG#1433945]





    Press release (PDF): http://hugin.info/133415/R/1433945/379695.pdf



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