BinckBank N.V. shares

The share buy-back programme

In a press release on 30 September 2008, BinckBank announced the start of a programme of buying back BinckBank ordinary shares with the aim of reducing the share capital. The target for BinckBank's capital policy is a solvency ratio (BIS ratio) of between 12% and 20%. As part of its capital policy, it is BinckBank's dividend policy in principle to distribute 50% of the adjusted net profit as dividend each year. BinckBank's capital policy also envisages distributing surplus capital to the shareholders, in the form of dividend
or by buying back the company's own shares, if the BIS ratio approaches 20%. With the BIS ratio
standing at 16.8% on 30 September 2008, the Management Board decided, with the approval of Stichting Prioriteit Binck, to start a share buy-back programme.

If the solvency ratio (BIS ratio) falls below 15%, the buy-back programme will be temporarily suspended until a sufficient capital buffer has been built up again. Shares are repurchased in accordance with the authority vested in the Management Board by the General Meeting of Shareholders of BinckBank on 6 May 2008. The shareholders will be invited to renew the authority to buy back shares each year.