Shareholders approve proposed conversion of preference shares

The Extraordinary General Meeting of Shareholders of Van Lanschot NV held on 1 June 2010 voted in favour of the proposed conversion of the preference shares as announced by Van Lanschot on 6 May 2010 and the related proposal to amend the Articles of Association.

The conversion of preference shares into ordinary A shares was completed today. This conversion leads to a 16.5% increase in the number of ordinary shares. The dilution effect on earnings per share is limited due to the fact that the annual dividend on the preference shares of  11.25 million is no longer due.

The conversion of the preference shares would lead to a Core Tier I ratio at 31 March 2010 (pro forma, core activities) of 8.0%. Following this conversion, Van Lanschot expects to be able to meet the new capital requirements which will be imposed by Basel III.

's-Hertogenbosch, 1 June 2010

Van Lanschot Media Relations:
Etienne te Brake, Corporate Communication spokesperson
Telephone +31 (0)73 548 30 26; mobile +31 (0)6 12 505 110; e-mail

Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations Manager
Telephone +31 (0)73 548 33 50; mobile +31 (0)6 13 976 401; 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.