Approval of proposal by SNS Property Finance

The following press release was published by the Board of Governors of the Federal Reserve System on May 23, 2008. It is reproduced in full below.

The Federal Reserve Board on Friday announced the approval of an application by SNS Property Finance B.V., Hoevelaken, the Netherlands, to establish a representative office in Arlington, Virginia.

Attached is the Order relating to this action.

Source: Board of Governors of the Federal Reserve System