NIBC Bank N.V.



Please be advised of the following repurchase:

     Value Date          CCY              ISIN           Repurchase       New Amount
                                                            Amount         Outstanding
--------------------- ---------- ---------------------- -------------- ------------------
      24-Jul-08          EUR          XS0285176706        93,000.00      699,857,000.00
--------------------- ---------- ---------------------- -------------- ------------------

Please amend your records accordingly.


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