ABN AMRO and RHB InvestBank appointed Joint Book-Runners for first MYR600.0 million issue under the Medium Term Notes Programme for KfW Bankengruppe of Germany

Kuala Lumpur, 15 January 2007: ABN AMRO Bank Berhad (“ABN AMRO”) and RHB Investment Bank Berhad (“RHB InvestBank”) have successfully priced a domestic issue of MYR600.0 million 10-year medium term notes (“MTN”) issue for Kreditanstalt für Wiederaufbau (“KfW”) of Germany under its MYR2.0 billion MTN Programme (“KfW MYR MTN Programme”).

The MYR600.0 million facility is launched out of KfW’s MYR2.0 billion MTN programme and guaranteed by the government of the Federal Republic of Germany. It carries a 3.98% coupon rate and has an issue and re-offer price of par. ABN AMRO, together with RHB InvestBank, are joint book-runners for the first issuance of MYR600.0 million 10-year MTNs under the KfW MYR MTN Programme, which will be issued on 24 January 2007 (“KfW’17”). ABN AMRO was mandated as sole Lead Arranger for the KfW MYR MTN Programme.

Harry Naysmith, Managing Director and Country Executive of ABN AMRO noted that KfW is an important Global Client of ABN AMRO who issue between EUR45 billion to EUR70 billion annually under its international financing programme. In 2005 alone, KfW raised the equivalent of EUR68.9 billion in 15 different currencies. The recent issuance under the KfW MYR MTN Programme is testament to the confidence AAA-rated issuers such as KfW have in the Malaysian capital markets. He further added that the issuance reiterates the important relationship ABN AMRO has with financial institutions both internationally and domestically. ABN AMRO was mandated as the Lead Arranger for KfW’s inaugural MYR500.0 million 7-year Fixed Rate Bond due 2013 (“KfW’13”) issuance in May 2006.

“ABN AMRO is pleased to be associated again with KfW for its newly issued MYR600.0 million 10-year KfW’17s, which further extends the supranational/bilateral curve. This issuance is in line with the intention of the Securities Commission and Bank Negara Malaysia to offer long term dated diversification for Malaysian investors. ABN AMRO and RHB InvestBank are confident that the KfW MYR MTN Programme will add breadth and depth to the domestic capital market and set a benchmark for future offerings by sovereign and near sovereigns,” commented Mr Naysmith.

For RHB InvestBank, this deal – its second since it began operations as a fully integrated investment bank on 30 December 2006 – came on the heels of a RM950.0 million Primary Collateralised Loan Obligation (“Primary CLO”) for Prima Uno Bhd (“Prima Uno”) that was signed on 11 January 2007.

KfW, a public institution in Germany that is guaranteed and 80% owned by the German government, is chiefly involved in four principal areas of business, namely investment finance, export and project finance, financial co-operation and advisory and other services. It is rated Aaa by Moody’s and AAA by both Fitch Ratings and Standard & Poor’s.

“This deal makes us the first Malaysian investment bank to clinch a deal with KfW,” said the Chief Executive Officer of RHB InvestBank, Mr Chay Wai Leong.

Mr Chay also noted that the 10-year MTN issued by KfW was its second such issuance in the Malaysian market. It is also the sixth such issuance in Malaysia by a supranational institution.

Issued on behalf of ABN AMRO Berhad and RHB Investment Bank Berhad by Group Corporate Communications, RHB Capital Berhad

For information, please contact:

Mr. Paramjit Singh Mr. Peter Choong
Communications Consultant Head, Debt Capital Markets
ABN AMRO Bank Berhad RHB Investment Bank Berhad
Tel: +603-2169 4600 Tel: +603-9280 5301
Email: paramjit.s@my.abnamro.com Email: peter.choong@rhbinvestbank.com

Mr V. Kanesan
Group Corporate Communications
Tel: +603-92802436
Email: vkanesan@rhb.com.my

ABN AMRO, a wholly owned subsidiary of ABN AMRO Bank N.V., is one of the oldest financial institutions in the country, offering a wide product suite for its customers, including cash management, trade services, working capital facilities, derivatives, structured finance, foreign exchange, fixed income, corporate finance and equity capital markets transactions.

RHB InvestBank is part of the RHB Banking Group, the fourth largest financial services group in Malaysia. It offers the complete suite of merchant banking products and services under five broad categories, comprising Corporate Finance and Advisory, Debt Capital Market (Conventional and Islamic Financing), Corporate Banking, Treasury/Money Market and Private Equity.