AppendicesThird Quarter Results 2004

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Appendices: table of contents ABN AMRO’s strategy 38

Breakdown of revenues and net profit 41

USD profit hedge 2006 43

Profit and loss account BU Brazil 45

Profit and loss account BU NA and US Mortgage Business 47

Details on WCS Performance 52

Asset Quality and Provisioning 55

Asset Quality and Provisioning in C&CC 58

Asset Quality and Provisioning in WCS 67

ABN AMRO’s Strategy

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Successful multi-regional strategyWe aim to drive our shareholder returns through a multi-regional strategy with a focus on commercial and consumer banking, supported by an international wholesale franchise. We will achieve this by:

1. Focusing on consumer and commercial clients in chosen home markets, selected wholesale clients with an emphasis on Europe, as well as financial institutions and private clients

2. Creating value for our clients by offering high-quality financial solutions that best meet their needs and long-term goals

3. Leveraging our advantaged product and people capabilities to the benefit of all our client bases

4. Sharing expertise and operational excellence across the Group

5. Creating ‘fuel for growth’ by optimally allocating capital and talent

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Network of leading market positions

All figures based on Brazilian GAAP

TOP 4 PRIVATELY OWNED BANK IN BRAZIL

TOP RANKING US REGIONAL

FRANCHISE IN THE MID-WEST

EUROPEAN PRIVATE BANKING:# 1 Netherlands# 3 France and Germany

Top 6 US mortgage originatorTop 7 US mortgage servicer

WCS European franchise with top 3 Global Trade and Cash & Payment platform

NETHERLANDS:Top commercial bank for large SME and affluent customers

Source: SNL financials

INDIA Growing mass affluent retail franchises (12 branches)

GREATER CHINA Focus on Hong Kong and Taiwan

Breakdown of revenues and net profit

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Breakdown of YTD revenues and net profit per BU

PC6%

AM3%

Other10%

WCS29%

Bwfds3% NGM

3%

Br10%

NA19%

NL17%

PC5%

AM3%

Other15%

WCS20%

Bwfds8% NGM

5%

Br7%

NA27%

NL10%

Revenues, excluding sale of BoA (EUR 14,055 mln) Net profit, excluding sale of BoA (EUR 2,759 mln)

USD profit hedge 2006

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USD profit hedge 2006

We have hedged our expected USD related net profit by purchasing EUR/USD call options at a strike price of 1.2130.

Profit and Loss Account BU Brazil

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(BRL mln) Q3 04 Q2 04

Revenues 1,838 1,762

Expenses 1,226 1,113

Operating result 612 648

Provisioning 197 208

Pre-tax profit 415 440

P&L BU Brazil in local currency

Including the impact of Sudameris

Profit and Loss Account BU NA and US Mortgage Business

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(USD mln) Q3 04 Q2 04

Revenues 1,010 1,219

Expenses 596 652

Operating result 414 567

Provisioning 26 36

Pre-tax profit 387 531

P&L BU NA in local currency

0 14

Income from Mortgage Banking Activities (BU NA)

Data provided on a Dutch GAAP basis

0 15

Changes in MSR Balances (BU NA)

Data provided on a Dutch GAAP basis

0 16

Mortgage origination per channel (BU NA)

BU Mortgage origination per channel (USD)

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

Jan-01 Apr-01 Jul-01 Oct-01 Jan-02 Apr-02 Jul-02 Oct-02 Jan-03 Apr-03 Jul-03 Oct-03 Jan-04 Apr-04 Jul-04

Brokers Retail

Details on WCS Performance

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WCS client performance in the first three quarters of 2004

WCS client revenues are EUR 3,237 mln, representing 82% of WCS revenues

Most important revenue contributor is the BU Financial Institutions and Public

Sector (FIPS), accounting for 45% of total client revenues

The BU Global Specialised Industries (GSI) includes TMT, Healthcare &

Chemicals and Integrated Energy. The BU Industrials includes Global

Manufacturing, General Industries and Consumer

WCS Revenues(EUR 3,939 mln)

Revenues by Client(EUR 3,237 mln)

Priority & Key Revenues by Client(EUR 2,048 mln)

Other 18%

Client segments

82%GSI26%

FIPS45%

Industrials29%

GSI31%

FIPS41%

Industrials28%

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WCS product performance

Most important revenue contributor is Financial Markets

In the restated Q3 03 graph above, revenues of Prime and Professional Brokerage have

been transferred from BU WoCa to WCS Other for comparison reasons

Revenues by productEUR 1,346 mln in Q3 2004

Revenues by ProductEUR 1,222 mln in Q2 2004

Revenues by ProductEUR 1,360 mln in Q3 2003

Other8%Working

Capital19%

Equities & CF

21%

Financial Markets

52%

Other1%

Working Capital23%

Equities & CF

22%

Financial Markets

54%

Other8%

Working Capital22%

Equities & CF

14%

Financial Markets

56%

Asset Quality and Provisioning

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September-2003

Private sector loans (EUR bn - by outstanding)

September-2004December-2003

C&CC71%

PCAM3%

Other6%

WCS20%

C&CC72%

PCAM3%

Other7%

WCS18%

PCAM

3%

Other

6%

WCS

21%

C&CC

70%

Bank wide private sector loans: Commercial and Consumer

As per 31-3-2004 a number of assets shifted SBU. Historic data have not been restated. The effect on percentages shown would however have been minor

Bouwfonds19%

Brazil4%

NGM3%NL

47%

NA27%

0

50

100

150

200

Sep-03 Dec-03 Sep-04

Wholesale C&CC PCAM Other

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Overview of total loan loss provisioning per SBU

Loan loss provisions per SBU (EUR mln) Annualised provisions / average RWA

SBU

C&CCWCSPCAMTotal AA

3Q03

20454

3303

4Q03

214106

1323

1Q04

16030

0195

2Q04

13910

1154

3Q04

127-20

-1107

3Q03

0.57%0.33%0.17%0.53%

4Q03

0.60%0.67%0.06%0.57%

1Q04

0.45%0.18%0.00%0.34%

2Q04

0.38%0.06%0.05%0.26%

3Q04

0.34%-0.11%-0.05%0.18%

-0.5%

0.0%

0.5%

1.0%

3Q03 4Q03 1Q04 2Q04 3Q04

C&CC WCS ABN AMRO

C&CC100%

Asset Quality and Provisioning in C&CC

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Overview of total private sector loans in C&CC

C&CC total private sector loans (outstanding in EUR bn)Numbers may not add up due to rounding

Commercial

Consumer

Total private loans

Commercial41%

Consumer59%

Bouwfonds19%

Netherlands47%

North America

27%

Brazil4%

NGM3%

Sep. 04 Netherlands North America Brazil NGM Bouwfonds Dec. 03 Sep. 03

71.8 25.9 32.6 3.4 3.2 6.7 68.5 70.4

102.6 55.4 14.1 4.0 2.8 26.4 99.6 103.6

174.4 81.3 46.7 7.4 5.9 33.1 168.0 173.9

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C&CC loan loss provisionsLoan loss provisions per BU

Annualised provisions / average RWAProvisions - EUR mln

BU

Netherlands

NA

Brazil

NGM

Bouwfonds

Total C&CC

Total AA

3Q03

69

75

65

-5

0204

303

4Q03

69

68

65

6

6214

323

1Q04

68

23

66

5

-2160

195

2Q04

42

31

56

7

3139

154

3Q04

44

21

55

10

-3127

107

3Q03

0.53%

0.50%

3.97%

-0.34%

0.00%0.57%

0.53%

4Q03

0.53%

0.47%

3.66%

0.40%

0.12%0.60%

0.57%

1Q04

0.52%

0.16%

3.23%

0.32%

-0.04%0.45%

0.34%

2Q04

0.32%

0.22%

2.62%

0.43%

0.06%0.38%

0.26%

3Q04

0.32%

0.15%

2.48%

0.72%

-0.06%0.34%

0.18%

0%

1%

2%

3%

4%

5%

3Q03 4Q03 1Q04 2Q04 3Q04

Netherlands NA Brazil Total C&CC Bouwfonds

NA16%

Netherlands34%

Brazil42%

NGM8%

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BU NL commercial portfolio

BU NL commercial portfolio by industryBU NL total portfolio

Commercial

32%

Consumer

68%

Overview of the BU NL commercial portfolio - (by outstanding on a EUR basis; Sep 2003 - Sep 2004)

Corporate Clients SME non program lending Total Commercial

Sep-03 Dec-03 Sep-04

2.2% -1.3%

1.6%

Transport & Communication

Wholesale Trade15%

Manufacturing2%

Hotels and Restaurants2%

Health & Social Services6%

Food Industry2%

Education1%

Construction4%

Chemical Industry2%

Business Services7%

Banks and Non-Banking Financial Institutions

13%

Agriculture & Fishery12%

Public1%

Other Services3%

Mining1%

Public Utilities0%

Real Estate5%

Retail Trade6%

Not classified5%

6%

Metal Industry9%

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BU NL commercial portfolio asset quality- (by outstanding on a EUR basis; Sep 2003 - Sep 2004)

45.0%

13.6% 10.9% 11.0% 9.7%11.6%

45.0%43.2%41.0%43.3%

35.5%34.5%35.8%35.5%35.3%

9.3%9.4% 9.1% 9.7% 9.1%

0.4%0.4%0.4%0.3% 0.8%

0%

20%

40%

60%

80%

100%

Sep. 03 Dec. 03 Mar. 04 Jun. 04 Sep. 04

2.80

3.00

3.20

3.40

3.60

3.80

4.00

UCR 1,2 UCR 3+- UCR 4+-

UCR <5 Not Rated Average UCR

UCR

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BU NA commercial portfolio

BU NA total portfolio

Overview of BU NA commercial portfolio - (by outstanding on a USD basis; Sep 2003 - Sep 2004)

Commercial

70%

Consumer

30%

2.7%

Sept.03 Dec.03 Sept.04

BU NA commercial portfolio by industry

Industry / Commercial Machinery

Waste Disposal

1%Travel / Lodging / Entertainment

2%

Transportation / Storage3%

Textile / Shoes / Clothing1%

Retailing / Wholesaling (general)5%

Individuals (unqualified)2%

Government / Agency1%

Insurance1%

Miscellaneous3%

Professional Services4%

Paper / Pulp / Lumber1%

Food / Beverage / Tobacco4%

Heath Care5%

Regulated Financial2%

Metal processing / Fabrication4%

Other2%

Publishing / Broadcasting / Movies2%

2%

Real Estate / Development36%

Non regulated Financials2%

Automotive2%

Computer / Office Equipment1%Chemicals/ Fertilisers

2%

Grocery Stores / Restaurants3%

Electrical Equipment / Appliance1%

Consumer Products1%

Construction / Contracting6%

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BU NA commercial portfolio asset quality - (by outstanding; Sep 2003 - Sep 2004)

21.6% 20.0% 20.0%

2.3% 2.3% 2.2% 2.0% 2.1%

38.9% 37.7% 37.1%39.6%39.6%

39.0% 40.2% 42.1%38.1%36.4%

19.9% 18.7%

0%

20%

40%

60%

80%

100%

Sep. 03 Dec. 03 Mar. 04 Jun. 04 Sep. 04

2.80

3.00

3.20

3.40

3.60

3.80

4.00

UCR 1,2 UCR 3 UCR 4

UCR >=5 Average UCR

UCR

0 30

Commercial46%

Consumer54%

BU Brazil commercial portfolio by industryBU Brazil total portfolio

Overview of the BU Brazil commercial portfolio - (by outstanding on a BRL basis; Sep 2003 - Sep 2004)

Services2.0%

Telecommunications3.8%

Textile&Footwear3.8%

Transports5.3%

Utilities & Power Generations

1.6%

Electrical Machinery0.7%

Construction & Engineering

7.6%

Paper & Pulp0.7%

Packaging0.6%

Others11.9%

Oil&Gas1.1%

Miscellaneous2.4%

Metal & Mining4.8% Health Services

3.6%

Food,Beverages,Tobacco2.8%

Education3.2%

Consumer Goods4.0%

Petrochemicals0.5%

Public0.3%

Retail&Wholesale12.7%

Computer & Related Activities

0.4%

Chemicals3.3%

Capital Goods & Machinery2.7%

Banking & Finance Companies

3.4%

Automotive6.1%

Agribusiness11.1%

.

0 31

BU Brazil commercial portfolio asset quality - (by outstanding on a BRL basis; Sep 2003 - Sep 2004)

0.4%0.4% 0.9% 1.6%2.6%

UCR

22.8%19.1%19.1%22.5% 19.9%

64.8% 64.8% 61.4%59.7% 65.5%

10.6% 10.0%9.6% 9.0% 7.5%

6.8%5.7%

5.6% 4.2% 5.5%

0%

20%

40%

60%

80%

100%

Sep. 03 Dec. 03 Mar. 04 Jun. 04 Sep. 04

2.00

2.50

3.00

3.50

4.00

4.50

UCR 1,2 UCR 3 UCR 4

UCR >5 Not rated Average UCR

Asset Quality and Provisioning in WCS

0 33

Geographic exposure calculated based on the country lending office (*) = Insignificant

Asia Pacific Advanced

9.2% (11.8%)

North America22.2 % (27.5%)

Latin America3.3% (0.4%)

Eastern Europe0.6% (*)

Africa0.4% (*)

Europe 58.0% (58.7%)

Middle East0.9% (*)

Asia5.5% (1.5%)

WCS Corporate / (NBFI/PS) portfolio: predominantly OECD - (by limits on EUR basis, Sep 2004)

0 34

WCS - total portfolio

Commercial banks exposure includes commercial lines, money market and OBSI facilities .

Breakdown of WCS portfolio per sector - (by limits on EUR basis, Sep 2004)

NBFI/PS25%Commercial

Banks32%

Corporate43%

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Average UCRs - historical performance Average UCRs

Avg UCRs

WCS Corporate

NBFI/PS

Commercial Banks

Dec-01

2.88

1.70

1.54

Jun-02

2.93

1.71

1.54

Dec-02

2.98

1.80

1.56

Jun-03

2.94

1.75

1.57

Dec-03

2.86

1.70

1.58

Sep-04

2.79

1.65

1.59

Average UCR of WCS sectors - (by limits

on a EUR basis; Dec 2001 - Sep 2004)

1.0

1.2

1.4

1.6

1.8

2.0

2.2

2.4

2.6

2.8

3.0

Dec. 01 Jun. 02 Dec. 02 Jun. 03 Dec. 03 Sep. 04

WCS Corporate NBFI/PS Commercial Banks

0 36

WCS Corporate portfolio remains well diversified - (by limits on EUR basis, Sep 2004)

Manuf other transport means1.4%

Chemical4.8%

Tobacco0.8%

Food5.9%

Services 2.7%

Manufacturing (general)6.6%

Real estate3.2%

Agri/raw materials1.3%

Construction4.1%

Transport services7.6%

Automotive (oem+supply)9.4%

Metals & Mining3.9%

(Non) durables5.3%

Leisure0.4%

Retail1.2%

Utilities8.2%

Oil & gas8.8%

Health/pharma4.3%

Technology5.7%

Media4.7%

Telecom9.7%

0 37

Average UCR of WCS main industries corporate client sector - (by limits on a EUR basis; Sep 02 - Sep 04)

Main industries Sep-02 Dec-02 Sep-03 Dec-03 Sep-04

Average UCRs - historical performance Average UCRs

Telecom Services 3.17 3.17 3.03 2.86 2.83Automotive 2.98 2.97 2.80 2.77 2.85Oil and Gas 2.76 2.73 2.65 2.65 2.53Utilities 2.97 3.11 3.22 2.94 2.87Transport Services 3.10 3.13 3.08 2.87 2.76Manufacturing 3.20 3.17 2.96 2.90 2.79

2.5

2.6

2.7

2.8

2.9

3.0

3.1

3.2

3.3

Sep. 02 Dec. 02 Sep. 03 Dec. 03 Sep. 04

Automotive Oil and Gas

Telecom Services Utilities

Manufacturing Transport Services

0 38

82.2% 83.6%81.3%79.7%79.9%

17.8% 16.4%20.1% 20.3% 18.7%

0%

20%

40%

60%

80%

100%

Sep. 02 Dec. 02 Sep. 03 Dec. 03 Sep. 04

2.50

2.60

2.70

2.80

2.90

3.00

UCR 1,2,3 UCR >=4 Average UCR

WCS corporate asset quality - (by limits on a EUR basis)