NIBC Bank N.V.



RE: NIBC
------------------------------------------------------------------------------------------------------

Please be advised of the following repurchase;

     Value                                Repurchase       New Amount
     Date         CCY        ISIN              Amount      Outstanding
----------------------------------------------------------------------
   30-Sep-08      EUR    XS0285176706    2,350,000.00   714,107,000.00
----------------------------------------------------------------------
   26-Sep-08      GBP    XS0181866830      820,000.00   217,395,000.00
----------------------------------------------------------------------
   26-Sep-08      JPY    XS0185843280  500,000,000.00 6,772,000,000.00
----------------------------------------------------------------------

Please amend your records accordingly.


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