Auditors' report In our opinion, the consolidated balance sheet, profit and loss account, statement of changes in equity, business seg ments and cash flow statement including the comparative data for the year 2005, as set out on pages 98 to 103 of this annual report, -hereafter 'financial statements'- are consistent, in all material respects, with the consolidated financial statements 2006 of Rabobank Group 1, of which these financial statements are a part of. On 5 March 2007 we issued an unqualified auditors' report to these consolidated financial statements. For a better understanding of Rabobank Group's financial position and results and for an adequate understanding of the scope of our audit, the financial statements should be read in conjunction with the consolidated financial statements 2006 from which they have been derived, as well as our auditors' report thereon. Utrecht, 5 March 2007 for Ernst Young Accountants G.H.C. de Meris 1) Rabobank Group consist of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. in Amsterdam, its affiliated Rabobanks, Robeco Group N.V. in Rotterdam, De Lage Landen International B.V, in Eindhoven, Schretlen Co N.V. in Amsterdam, FGH Bank N.V. in Utrecht, Rabohypotheekbank N.V. in Amsterdam, Onderlinge Waarborgmaatschappij Rabobanken B.A. in Amsterdam, Rabo Bouwfonds Holding N.V, in Utrecht, Bank Sarasin Cie AG in Basel, Switzerland and their group companies. 104 Rabobank Group Annual Report 2006

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Annual Reports Rabobank | 2006 | | pagina 108