ABN Amro plans issue of 12.5% Knock-In Reverse Exchangeables linked to Harmony Mining

New York, April 26 - ABN Amro Bank NV plans to price an issue of 12.5% (annualized) Knock-In Reverse Exchangeable notes due Feb. 12, 2007 linked to Harmony Gold Mining Co. Ltd. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The nine-month notes will pay 9.375% of interest, which is equivalent to an annualized interest rate of 12.5%. Interest will be payable quarterly.

The proposed pricing date is May 5.

Payment at maturity will be based on the performance of Harmony Gold stock:

• If the stock trades at or below the knock-in price and closes below the initial price, investors will receive a number of Harmony Gold shares equal to $1,000 divided by the initial stock price. The knock-in price will be 60% of the initial price;

• Otherwise the payout is par in cash.

LaSalle Financial Services Inc. and ABN Amro Inc. will be managers for the offering.

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