Update on Amtel Bankruptcy to be Given at EGM

Amtel-Vredestein N.V. has given notice that it will hold its Extraordinary General Meeting of Shareholders on September 2 at the Sheraton Amsterdam Airport Hotel and Conference Centre. The agenda for the EGM will, amongst other things, include the company’s 2008 financial statements and an update on Amtel’s financial affairs and bankruptcy. ABH Financial Limited’s restructuring plan will also be outlined. A proposal to dismiss two Executive board members – Mr P. Zolotarev and Mr V. Pesochinskiy – will be addressed, as will the proposal to appoint Mr A. Fain to the Executive Board.