Companies and countries mentioned on exclusion lists may be banned from all investment products and solutions, as explained in the Sustainability Risk Policy. ABN AMRO has implemented several exclusion lists, of which the Controversial Weapons List and Investment Exclusion List (“IEL”) apply for investments. The Executive Committee (“ExCo”) decides on the composition of these lists. After a decision investment managers have a three month period to 1) sell the companies occurring on the exclusion lists, 2) to modify its advisory tools and services and 3) to contact clients for selling their positions in these companies. ABN AMRO has limited possibilities to force third party investment products to sell these companies from their portfolios, unless it is forbidden by law.