Tozzini, Freire, Clifford Chance and Maples & Calder advise on the issue of US$ 125 million 6.5 per cent notes programme

Tozzini, Freire, Teixeira e Silva Advogados, Clifford Chance Rogers & Wells LLP and Maples & Calder acted as legal counsels to the Lead Manager, ABN AMRO Bank NV, in connection with the issuance of US$ 125 million 6.5 per cent Notes 2001 due 30 December 2002 by Banco ABN AMRO Real SA ("ABN AMRO Real"), acting through its Grand Cayman Branch, under its US$ 1-billion Medium Term Note Programme.

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