BinckBank Q2 results III · 5 in €million FY12 Q2 FY12 Q1 FY11 Q2 Net interest income 8.3 8.9 10.5 Net fee & commission income 25.7 31.9 28.2 Other operating income 2.9 3.1 3.5

Second quarter results 2012

23 July 2012

Koen Beentjes CEO

Evert Kooistra CFO

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Agenda

I. Update FY12 Q2

II. Financial position

III. Outlook 2012

IV. Q&A

Part I

Update FY12 Q2

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Business highlights

• Adjusted EPS FY12 Q2: € 12.2 million / € 0.17 per share

(FY12 Q1: € 15.7 million)

• Interim dividend: € 0.17 per share

• Operating expenses down with 8% compared to FY11 Q2: € 29.1 million

• Number of stock exchange transactions FY12 Q2: 1.9 million

• Number of “beleggersgiro” transactions FY12 Q2: 0.2 million

• Italian launch successful, first customers live

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in € million FY12 Q2 FY12 Q1 FY11 Q2

Net interest income 8.3 8.9 10.5

Net fee & commission income 25.7 31.9 28.2

Other operating income 2.9 3.1 3.5

Results on investments & impairment losses on fin. instr. - - (0.4)

Total net revenues 36.9 43.9 41.8

Employee expenses (12.6) (13.5) (12.2)

Depreciation & amortisation (8.8) (8.8) (8.8)

Other operating expenses (7.7) (10.7) (10.5)

Total operating expenses (29.1) (33.0) (31.5)

Profit (loss) from operations 7.8 10.9 10.3

Other non operating income (1.2) (0.3) (1.4)

Tax expense (2.1) (2.9) (2.7)

Net profit 4.5 7.7 6.2

Net profit to minority shareholders - 0.2 0.1

Net profit to shareholders BinckBank 4.5 7.9 6.3

Adjusted net profit 12.2 15.7 14.1

Profit & Loss quarterly comparison

Highlights FY12 Q2: Retail business unit NL

In FY12 Q2:

• Number of brokerage accounts 1%

• Number of transactions to 1.2 million

• Assets under administration at brokerage accounts declined from € 6.3

billion end FY12 Q1 to € 6.0 billion end FY12 Q2

Number of brokerage accounts Number of transactions

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Development Alex Asset Management

• Total number of accounts end FY12 Q2: 20,276

• € 14 million net inflow in FY12 Q2

• Total AuM end FY12 Q2: € 802 million

Growth in number of accounts Development AuM

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Highlights FY12 Q2: Retail business unit Belgium

In FY12 Q2:

• Number of brokerage accounts 3% to 56,229

• Number of transactions 25% to 0.2 million

• Assets under administration = at € 1.3 billion

Number of brokerage accounts Number of transactions

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Highlights FY12 Q2: Retail business unit France

In FY12 Q2:

• Number of brokerage accounts 4% to 41,804

• Number of transactions 26% to 327,204

• Assets under administration 3% to € 482 million

Number of brokerage accounts Number of transactions

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Highlights FY12 Q2: Retail business unit Italy

• At May 17th BinckBank started with a small group of

customers in Italy

• Number of accounts: 181

• Number of transactions: 531

• Assets under administration: € 4.7 million

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FY12 Q2 Retail total Netherlands Belgium France Italy

Net fee and commission income (in € 1,000) 17,167 13,869 1,553 1,742 3

Number of transactions 1,717,532 1,201,500 188,297 327,204 531

Average net fee and com. income (in €) 10.00 11.54 8.25 5.32 5.65

FY12 Q1

Net fee and commission income (in € 1,000) 23,136 18,789 2,072 2,275 -

Number of transactions 2,139,174 1,446,134 251,350 441,690 -

Average net fee and com. income (in €) 10.82 12.99 8.24 5.15 -

Highlights FY12 Q2: Retail business unit

• As of FY12 Q2 BinckBank splits the net fee & commission income:

• transaction related

• non-transaction related

Segmentation of transaction-related net fee & commission income by country

* Excluding SRD interest component

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improved comparison of

the figures by country

*

*

Highlights FY12 Q2: Professional Services

• Number of transactions and accounts split to:

• brokerage accounts

• ‘beleggersgiro’ accounts

• Beleggersgiro accounts mainly include bulk transactions and have therefore

a different pricing than transactions on an ordinary brokerage account

Number of accounts Number of transactions

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Operating expenses down

• Operating expenses in FY12 Q2 down to 29.1:

• Marketing costs for FY12 Q2 € 2.6 million (FY12 Q1: € 4.1 million)

• VAT gain of € 0.9 million

Total operating expenses Marketing expenses

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33.933.0

31.533.9

30.929.1

Part II

Financial position

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Strong financial position BinckBank FY12 Q2

• Solid equity position at end FY12 Q2 € 464 million (FY12 Q1: € 481 million)

• Tier I capital grew to € 165 million (FY12 Q1: € 164 million)

• Capital requirements Pillar I increased due to:

• Increase in credit risk as a result of revised investment policy

• Capital requirements Pillar II declined slightly because of:

• Less capital requirements for concentration risk in especially collateralised lending

• BIS ratio end FY12 Q2 at 29.7% / solvency ratio 23.2% end of FY12 Q2

Capital requirements Solvency ratio

Update revised investment policy

Highlights new investment policy (as announced in FY12 Q1)

• Issuer/issue rating: minimal A with stable outlook (Fitch)

• Issuer profile:

• Debt issued or explicitly guaranteed by (lower) governments

• Senior unsecured bank debt, secured bank debt

• Mortgage pfandbriefe

• Supranationals, public sector entities/agency

• Very diversified portfolio: small issue sizes (max € 10 million), max risk weighting single

issue S50

• Max risk weigthing of total treasury portfolio S10 (current weighting 6.42%)

• Portfolio duration between 0.95-1.65 years, max duration single issue: 3 years

• ECB eligibility required

• New investments FY12 Q2:

• Old policy: € 57 million @ 0.94% (S0 – S10)

• Revised policy: €116 million @ 1.57% (S20 – S50)

• Total investments revised policy: € 202 million (of which one single position Rabo € 75

million, reclassed from old policy)

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Overview investment portfolio

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Allocation funds entrusted per country

Allocation funds entrusted per rating

• Size of investment portfolio end of FY12 Q2 € 1.8 billion (FY11 Q1: € 1.7 billion)

• Average duration of the portfolio: 0.87 (FY12 Q1: 0.83)

• Yield on investment portfolio end FY12 Q2: 1.47% (FY11 Q1: 1.62%)

Year end yield forecast total investment portfolio: 1.26%

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0

0,5

1

1,5

2

2,5

3

3,5

jan-10 apr-10 jul-10 okt-10 jan-11 apr-11 jul-11 okt-11 jan-12 apr-12 jul-12 okt-12

Return portfolio 3 yr reinv. Yield

• Yield on investment portfolio is expected to decline in second half of 2012 due to continued decreasing reinvestment yield

• Savings rate lowered from 1.50% to 1.25% as per June 14, 2012

Savings rate:1.25%

Overview Basel III capital position

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Category June FY 12Basel II

June FY12Basel III

Difference

Totaal Equity (IFRS) 464,162 464,162

Less: goodwill (152,929) (136,855) 16,074

Less: other intangible assets (121,675) (125,086) (3,411)

Less: fair value reserve (7,008) - 7,008

Less: proposed dividend (13,947) (13,947) -

Core capital 168,603 188,274 19,671

Less: investments in financial subsidiaries (3,361) - 3,361

Total available capital Tier 1 165,242 188,274 23,032

BIS ratio 29.7% 33.0% 3.3

Part III

Outlook 2012

Outlook 2012

• Commercial launch Italy end of September 2012

• Commercial launch Binck 360 in FY12 Q3

• Two new BPO-contracts signed in FY 12 H2

• Introduction new deposit guarantee system postponed to 1 July 2013

• ECB decreased interest rate from 1.0% to 0.75%

• Sluggish start in July with 413,779 transactions in the first three

weeks

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Part IV

Q&A

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Contact details

Anneke Hoijtink

Manager Investor Relations

ahoijtink@binck.nl

+31 (0)20 522 0372

+31 (0) 6201 98 337

www.binck.com

Address

Barbara Strozzilaan 310

1083 HN Amsterdam

The Netherlands

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Cautionary Statement regarding Forward-Looking Statements

This presentation may contain forward-looking statements. Forward-looking statements are statements that are

not historical facts, including statements about our beliefs and expectations. Any statement in this document

that expresses or implies our intentions, beliefs, expectations, forecasts, estimates or predictions (and the

assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates

and projections, as they are currently available to the management of BinckBank N.V. Forward-looking

statements therefore speak only as of the date they are made, and we take no obligation to update publicly any

of them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. A number of important factors could

therefore cause actual future results to differ materially from those expressed or implied in any forward-looking

statement. Such factors include, without limitation, the conditions in the financial markets, the reliability of

our risk management policies, procedures, systems and methods.

The forward-looking statements contained in this announcement are made as of the date hereof, and we

assume no obligation to update any of the forward-looking statements contained in this document.

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