Saturday, 18 August 2018

Announcement

ANNREP: RCS: California-based Rabobank National Association takes Q4 pro

03 Jan 2018 08:30NZX
Rabobank, National Association ("RNA"), a California-based subsidiary of
Cooperatieve Rabobank, U.A. ("Rabobank"), has taken a Q4 2017 provision of
approximately EUR 310 million in anticipation of a settlement connected to
previously disclosed investigations.

RNA has been under investigation since 2013 by the U.S. Department of Justice
and other U.S. authorities for possible violations of the U.S. Bank Secrecy
Act and other regulations and statutes in relation to its historical AML
compliance program, and the Office of the Comptroller of the Currency''s
("OCC") examination of that program in the past.  RNA is cooperating with the
investigations, and more recently has been engaged in discussions to settle
these matters. As a result, RNA has taken a provision in its Q4 2017
financial results for a potential settlement, which will likely include a
guilty plea by RNA to a single offense related to former employees''
withholding of information from RNA''s prudential regulator, the OCC, nearly
five years ago. Rabobank believes that these investigations will come to a
final conclusion in Q1 2018, and will not comment further on the matter at
this time given that discussions are on-going.

For more information:
Rabobank Press Office
+ 31 (0)30 2162758; pressoffice@rabobank.nl

Rabobank Investor Relations
+31 (0)30 712 2401; IR@rabobank.com

Elements of this press release are considered by Rabobank as inside
information relating directly or indirectly to Rabobank within the meaning of
article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is
made public in accordance with article 17 Market Abuse Regulation.
End CA:00312595 For:RCS    Type:ANNREP     Time:2018-01-03 08:30:21
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