Executive Board Responsibility Statement The Executive Board of Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland) declares that, to the best of its knowledge: - the financial statements give a true and fair view of the assets, liabilities, financial position and profit of Rabobank Nederland, and the companies included in the consolidation; - the management report gives a true and fair view of the state of affairs as at the reporting date, and of the course of affairs during the financial year at Rabobank Nederland and its affiliated entities whose information is included in its financial statements; - the management report describes the principal risks that Rabobank Nederland faces. Piet Moerland, Chairman Bert Bruggink, CFO Berry Marttin, member Sipko Schat, member Piet van Schijndel, member Gerlinde Silvis, member Utrecht, the Netherlands, 29 February 2012 116 Annual Report 2011 Rabobank Group

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Annual Reports Rabobank | 2011 | | pagina 117