ABN AMRO AND LÄNSFÖRSÄKRINGAR ENTER INTO COOPERATION AND SERVICES
AGREEMENT IN ASSET MANAGEMENT

ABN AMRO and Länsförsäkringar (LF Insurance Group) have signed an
agreement to cooperate in asset management. As from June 2002, ABN AMRO
Asset Management will provide day-to-day management for a majority of
the investment assets of the LF Insurance Group, providing its expertise
and experience to the LF Insurance Group and its 600,000 life insurance
customers and about 200,000 fund customers in Sweden. The agreement
underlines ABN AMRO's corporate strategy of further strengthening the
retail and asset gathering franchises in Europe.

ABN AMRO is paying EUR 140 mln for the right to manage assets with a
total value of EUR 13 bn for ten years. This increases ABN AMRO Asset
Managements' global assets under management to EUR 185 bn. In return,
ABN AMRO receives a fixed management fee and a variable, performance-
based fee depending on the additional investment return delivered to
clients. Combined with the existing activities of ABN AMRO Asset
Management and ABN AMRO's Swedish subsidiary Alfred Berg, this
cooperation offers attractive scale advantages in core competence areas.

ABN AMRO Asset Management gains access to LF Insurance Group's
distribution network via the 24 Länsförsäkring companies in Sweden. The
agreement provides the customers of LF Insurance Group additional access
to several international funds under the brand names of ABN AMRO, Banco
and Alfred Berg, both for direct fund saving and saving in unit-linked
insurance. The LF Insurance Group will exercise ownership
responsibility, determine the investment orientation and hold the voting
rights of all shares.

Tom Cross Brown, Head of ABN AMRO Asset Management commented: "We are
proud that LF Insurance Group has chosen to cooperate with ABN AMRO
Asset Management. We are the only truly global asset manager with a
strong local presence in Sweden. With our Swedish operation Alfred Berg
Asset Management, we can offer an excellent strategic combination, which
gives us the possibility to meet LF Insurance Groups' high demands on
international capacity. I look forward to a cooperation that will be
profitable for both our new clients and the partnership."

"Our main goal with the cooperation agreement with ABN AMRO is to create
the best possible conditions for a high and stable return for the
customers in the LF Insurance Group. Today, it is a necessity to be able
to deal with all investment alternatives available on global finance
markets. Through ABN AMRO, our customers gain access to...