OFFERING CIRCULAR SUPPLEMENT CLARIS LIMITED as Issuer ...

plus
(iii)
an amount determined by the
Calculation Agent in its sole and
absolute discretion as being
equal to the Relevant Proportion
of the amount of interest
received by the Issuer pursuant
to the Deposit Agreement (as
defined in paragraph 22(vii)) to
the extent that such amount of
interest received is attributable
to the difference between the
amounts described in subparagraphs
(i) and (ii) above.
19 Zero Coupon Note Provisions: Not applicable.
20 Index Linked Interest Note Provisions: Not applicable.
21 Dual Currency Note Provisions: Not applicable.
PROVISIONS RELATING TO THE SECURITY
22 Mortgaged Property
(3) In the event that the Notes are redeemed
after the Scheduled Maturity Date by
reason of the late occurrence of an Early
Redemption Event pursuant to Condition
7(c), Condition 7(d) or Condition 10,
then no interest shall be payable during
the period from and including the
Scheduled Maturity Date until the Early
Redemption Date.
(i) Securities: Securities issuer: ABN AMRO Bank N.V.
Registered Office: Gustav Mahlerlaan 10, 1082
PP Amsterdam, The Netherlands
Country of Incorporation: The Netherlands
Description: Financial Institution
Title of Securities: EUR 2,000,000,000 3.25 per
cent. Covered Bonds due 2013, issued on 18
January 2006 under an EUR 25,000,000,000
Covered Bond Programme, guaranteed as to
payments of interest and principal by ABN
AMRO Covered Bond Company B.V.
Securities Maturity Date: 18 January 2013 (such
date, the “Securities Maturity Date”)
Coupon: 3.25% per annum
ISIN: XS0241183804
13