ABN AMRO Bank N.V. announced a Consent Solicitation in conjunction with the Legal Demerger process (as outlined in the legal demerger documents filed with the Amsterdam Chamber of Commerce on 30 September) and subsequent Legal Separation of the Dutch State acquired businesses from ABN AMRO Holding N.V. The Legal Demerger entails the legal process for the transfer of the majority of the Dutch State acquired businesses into a separate legal entity, ABN AMRO II N.V. (to be renamed ABN AMRO Bank N.V. upon Legal Demerger), which will remain wholly-owned by ABN AMRO Holding N.V. until it is legally transferred to the new State holding, ABN AMRO Group N.V. upon Legal Separation. The €1 billion 4.310% Perpetual Capital Securities (the Securities) have been allocated to the Dutch State acquired businesses and will be transferred to ABN AMRO II N.V. (to be renamed ABN AMRO Bank N.V.) as part of the Legal Demerger. Upon completion of the legal demerger procedures, ABN AMRO plans to complete the Legal Demerger as early as possible in the first quarter of 2010.