37TY Hungary 51 U

    


NIBC Bank N.V.



RE: NIBC
------------------------------------------------------------------------------------------------------

Please be advised of the following repurchase;

     Value                                Repurchase       New Amount
     Date         CCY        ISIN              Amount      Outstanding
----------------------------------------------------------------------
     06/10/2008   EUR    XS0285176706    1,000,000.00   717,457,000.00
----------------------------------------------------------------------

Please amend your records accordingly.

Hungary 51 U (LSE:37TY)
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