ABN AMRO: Lower Profit Forecasted for Second Half 1998.

AMSTERDAM, The Netherlands--(BUSINESS WIRE)--Oct. 2, 1998--The Managing Board of ABN AMRO (NYSE: AAN), a leading international banking group, today announced that the bank's 1998 second-half results will be affected by the ongoing downturn in the various financial markets and the resulting lower volume of activities more than was previously expected. The Managing Board can therefore no longer assume that the second-half results for 1998 will be higher than those for the same period in 1997.

For as much as can be predicted, the Managing Board expects that the 1998 annual net profit will be approximately as good as last year's.

Based in The Netherlands, ABN AMRO is a leading international bank group with nearly $500 billion in assets, active in 72 countries with 80,000 employees worldwide. ABN AMRO is the sixth largest bank in Europe and the largest foreign bank in the US, with The LaSalle Group and Standard Federal in the MidWest and European American Bank in New York accounting for some $100 billion in assets. ABN AMRO shares trade in the US on the NYSE in ADR form, and are listed on the principal stock exchanges in Europe. The ordinary shares may be accessed on the Reuter Equities 2000 Service under the symbol AAH.AS and on Quotron under the symbol AABN.EU. Additional information is available on ABN AMRO's home page: http://www.abnamro.com.