Terms & Conditions base prospectus 2016

The following materials relating to BNG Bank N.V. Euro 100,000,000,000 Debt Issuance Programme (the "Programme Materials") shall not constitute an offer to sell, or the solicitation of an offer to buy, securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. These materials are not directed at, or accessible by, persons located in any jurisdiction where the offer for sale of securities is not permitted.

The Programme Materials are not an offer for sale of securities in the United States (the “U.S.”). Securities may not be sold in the U.S. absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). In particular, any securities that may be referred to in the Programme Materials have not been, and will not be, registered under the Securities Act or any U.S. state securities laws and the securities may not be offered, sold or delivered within the United States, or to or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable U.S. state securities laws, or pursuant to an effective registration statement. There will be no public offering of any such securities in the United States. If you are in the United States, or a U.S. person, and wish to access the following materials, you must be a qualified institutional buyer ("QIB") within the meaning of Rule 144A under the Securities Act. If you are in the United States, or a U.S. person, but you are not a QIB, you may not access the Programme Materials. If you are in the United States, or a U.S. person, by clicking on the link below, you will be deemed to represent that you are a QIB.

The Programme Materials are published in accordance with article 21 of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended.

BNG Bank N.V., any Dealers (as defined in the Programme Materials) or any other intermediaries do not represent that the following materials may be lawfully distributed, or that any securities may be lawfully offered, in compliance with any applicable registration or other requirements in any jurisdiction, or pursuant to an exemption available thereunder, or assume any responsibility for facilitating any such distribution or offering. Accordingly, no securities may be offered or sold, directly or indirectly, and the following materials may not be distributed or published in any jurisdiction, except under circumstances that will result in compliance with any applicable laws and regulations. Persons who wish to access the following materials must inform themselves about, and observe, any such restrictions on the distribution of such materials.

By ticking this box I confirm that I have read, understand and agree to comply with all of the restrictions set forth above.