"Leading in "We are delighted that the Chinese authorities invited us to be the first foreign bank to be given this opportunity and to take part in the modernisation process of rural credit co operatives in China. We see this also as a great opportunity to further build our franchise in food agri banking in China. By providing our technical banking and marketing knowledge, Rabobank will play a leading role in developing a show case example of a 'modern, sustainable best practise, rural bank' in China." Fergus Murphy, regional manager at Rabobank International, Asian region. in Telecom Media Internet and Trade Commodity Finance. Telecom, Media Internet is an important focus sector besides food agri. It has been operating in the key markets, including Europe, North America and Asia, since 1996 and has recently expanded to Latin America. With its thorough knowledge of both the market and the sector, the global Telecom Media Internet department is able to offer a broad package of financial and advisory services to clients in this segment. In its service provision, Telecom Media Internet works closely with other departments within Rabobank International, including Global Financial Markets, Corporate Finance and Participations. With global operations, the Trade Commodity Finance department focuses on clients that are active in the market for agricultural products as well as on clients in the metals and the energy markets. Its in-depth knowledge of these markets makes Rabobank International pre-eminently suited and able to support producers and traders of these commodities adequately, offering them tailored financing solutions. In addition, this department offers clients a broad range of export finance products. 40 Rabobank Group Annual Report 2006

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Annual Reports Rabobank | 2006 | | pagina 44