VAN LANSCHOT : takes measures to reduce costs and enhance efficiency

  * Centralisation of selected mid-office activities
  * Following the 10% salary reduction for members of the Board of
    Managing Directors, there will also be a 10% reduction in the
    remuneration of the Supervisory Board and a 7% reduction in the
    remuneration of senior management
  * Efficiency measures expected to be realised partly through
    regular attrition; forced redundancy of several dozen employees
    may not be avoidable

The current economic climate, and the difficult stock market
environment in particular, has resulted in a fall in the level of
income being earned by Van Lanschot going forward. For this reason,
Van Lanschot is implementing measures in the short term to reduce the
cost base of the bank.

Besides the previously publicised 10% reduction of the fixed salary
of members of the Board of Managing Directors, the bank has also
decided to implement a 10% reduction in the remuneration of the
members of the Supervisory Board and a 7% reduction in the
remuneration of senior management. Furthermore, the 'general bonus'
for 2008 for all employees will not be paid out. In addition,
selected mid-office activities, including the administration of
mortgage and loan applications, will be centralised. Other measures
are currently being considered.

Taken together, the efficiency measures will impact the positions of
some 150 FTEs. We expect that some of the employees affected will
move to other positions within the bank. Some of the job positions
will disappear through regular attrition, however the forced
redundancy of several dozen employees may not be avoidable.
Discussions are currently being held with the trade unions regarding
a new social plan for redundancies.

's-Hertogenbosch, the Netherlands, 13 February 2009


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

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


The press release can be downloaded from the following link:


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