Van Lanschot and Kempen reach an accord and sign purchase agreement

Van Lanschot NV (Van Lanschot), Kempen & Co NV (Kempen) and Kempen's major shareholders have signed the share purchase agreement for the acquisition of Kempen. Van Lanschot announced on 7 September 2006 that it intended to submit a bid for Kempen. This acquisition will strengthen Van Lanschot's leading position with its target groups: high net-worth individuals, institutional investors, businesses and entrepreneurs.
All the major shareholders of Kempen have accepted Van Lanschot's offer. The acquisition price amounts to 300 million for 100% of the shares. The acquisition is to be paid partly in cash and partly in shares, for which Van Lanschot is to issue shares for a total amount of  180 million. The parties to the share purchase agreement have reached agreement on the customary representations and warranties.
The shares are expected to be transferred on 2 January 2007. The Works Councils of Van Lanschot and Kempen have issued a positive recommendation on the transaction. The acquisition is subject to the approval of the competent regulatory authorities. Van Lanschot will consolidate Kempen as from 2007.
's-Hertogenbosch, 18 October 2006
F. van Lanschot Bankiers NV is the oldest independent bank in the Netherlands, with a history dating back to 1737. The bank focuses on two target groups: high net-worth individuals and medium-sized businesses (including family businesses). 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.
Press contacts for Van Lanschot: Arno Barens, Corporate Communications Director.
Telephone +31 (0)73 548 3096; mobile +31 (0)6 229 353 02;
e-mail; fax +31 (0)73 548 33 49.
Investor Relations for Van Lanschot: Geraldine Bakker-Grier, Investor Relations Manager.
Telephone +31 (0)73 548 33 50; mobile +31 (0)6 13 976 401;
e-mail; fax +31 (0)73 548 33 49.
Press contacts for Kempen: Bieneke Mulder, Company Secretary.
Telephone +31 (0)20 348 8012;
e-mail; fax +31 (0)20 348 8400.
The press release can be downloaded from the following link: