USD250,000,000 Syndicated Term Loan Facility (the „Facility“)

31.07.2007

Bayerische Landesbank (“BayernLB”), Citibank, N.A. London (“Citi”) and Raiffeisen Zentralbank Österreich AG (“RZB”), together (the “Mandated Lead Arrangers) are pleased to announce that the USD250,000,000 Syndicated Term Loan Facility for Credit Europe Bank N.V. (the “Borrower”) has been signed on the 26th of July 2007 in Amsterdam.

The transaction was launched with an amount of USD200,000,000. The Facility was well received by the international banking market and achieved a remarkable oversubscription. The Borrower decided to increase the Facility amount to USD250,000,000.

The following banks joined the Facility
Mandated Lead Arrangers
BayernLB
Citibank, N.A. London Branch
RZB

Lead Arrangers
ABN AMRO Bank N.V.
American Express
The Bank of New York
Erste Bank
HSH Nordbank AG Luxembourg Branch
Mashreqbank psc
Standard Chartered Bank
Wachovia Bank, National Association
WESTLB AG, LONDON BRANCH

Arrangers
ICBC (London) Limited
LRP Landesbank Rheinland Pfalz
Member of LBBW Group
MKB Bank Zrt.

Managers
Bank Austria Creditanstalt (Member of Unicredit Group)
The Export-Import Bank of the Republic of China
J.P. Morgan plc
SaarLB

Details of the Facility
Tenor:   1 year
Repayment:  Bullet repayment
Margin:  20bps per annum
Purpose: Trade related purposes
Participation levels: USD 15mln (Lead Arranger)
USD 10mln (Arranger)
USD 5mln (Manager)

The Roles are allocated as follows
Bookrunners:  BayernLB, Citi & RZB
Facility Agent: Citi
Documentation Agent:BayernLB
Publicity/Info Memo: RZB
Signing Agent: RZB

Background Credit Europe Bank N.V.
Credit Europe Bank N.V. was established in 1994 under the laws of The Netherlands. It was founded as a specialised trade finance bank and operates under the full banking license supervised by De Nederlandsche Bank (The Dutch Central Bank). Since entering the Consumer Banking market in 1997, Credit Europe Bank additionally managed to become one of the leading providers with a large customer database for call money, time deposits and consumer loans. As of December 31, 2006 balance sheet total is EUR 3,7 billion,  net income amounts to 22,5 Mio. Credit Europe Bank N.V. operates in The Netherlands, Germany, Belgium, Russia and Romania. 
A full description of the Borrower and its business can be found in the Information Memorandum and on the Borrower’s website: www.crediteurope.nl

Contact
Credit Europe Bank N.V.
Claudia Uhlenberg, Head of PR        
Claudia.Uhlenberg@crediteurope.de    
Tel. 0049 69 256 260 20 

Credit Europe Bank N.V.
Joke Hergert, Public Relations        
joke.hergert@crediteurope.de    
Tel. 0049 69 256 260 807   

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