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Access acknowledgement DIP 1387

The following materials relating to BNG Bank N.V. Euro 100,000,000,000 debt issuance programme (the "Programme Materials") shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. These materials are not directed at or accessible by persons located in any jurisdiction where the offer for sale of securities is not permitted.

Non-U.S. Persons outside of the United States may access the Programme Materials. The Programme Materials are published in reliance on article 14 of Directive 2003/71/EEC of the European Parliament and of the Council of 4 November 2003.

BNG Bank N.V., any Dealers (as defined in the Programme Materials) or any other intermediaries do not represent that the following materials may be lawfully distributed, or that any securities may be lawfully offered, in compliance with any applicable registration or other requirements in any such jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or offering. Accordingly, no securities may be offered or sold, directly or indirectly, and the following materials may not be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations. Persons who wish to access the following materials must inform themselves about, and observe, any such restrictions on the distribution of such materials.

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