EMM Disclosure

ABN AMRO BANK N.V.
                  

FORM 38.5 (SUMMARY)

Lodge with Company Announcements Office and the Panel. Use a separate form for
each class of securities in which dealings have been made.

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Name of EMM:                  ABN AMRO BANK NV London Branch
Date of disclosure:           23 MARCH 2005
Contact name:                 KIRIT DEVSHI
Telephone number:             [phone]


Please see attached disclosure of dealings under Rule 38.5 in the securities of
the following companies:

AVIVA PLC
LONDON STOCK EXCHANGE PLC
RAC PLC
SHELL TRANSPORT & TRADING CO PLC ORD 25P (SHEL.L)
SHELL TRANSPORT & TRADING ADR 1:6 (SC.N)


If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:




In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this include the number of securities under option, the
exercise period (or in the case of exercise, the exercise date), the exercise
price and any option money paid or received. For derivative this should include,
at least, the number of reference securities to which they relate (when
relevant), the maturity date (or if applicable the closing out date) and the
reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company):                   AVIVA PLC
Class of security:                              ORD 25P
Date of disclosure:                             23 MARCH 2005
Date of dealing:                                22 MARCH 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    RAC PLC
Total number of securities purchased:           370,865
Highest price paid*                             6.5000 GBP
Lowest price paid*                              6.3900 GBP
Total number of securities sold:                100,000
Highest price received*                         6.4350 GBP
Lowest price received*                          6.4150 GBP


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company):                   LONDON STOCK EXCHANGE PLC
Class of security:                              ORD  5 5/6P
Date of disclosure:                             23 MARCH 2005
Date of dealing:                                22 MARCH 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    EURONEXT
Total number of securities purchased:
Highest price paid*
Lowest price paid*
Total number of securities sold:                4,232
Highest price received*                         4.7600 GBP
Lowest price received*                          4.7600 GBP


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in (name of company):                   RAC PLC
Class of security:                              ORD 25P
Date of disclosure:                             23 MARCH 2005
Date of dealing:                                22 MARCH 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    RAC PLC
Total number of securities purchased:           438,113
Highest price paid*                             9.3200 GBP
Lowest price paid*                              9.2450 GBP
Total number of securities sold:                470,750
Highest price received*                         9.2700 GBP
Lowest price received*                          9.2600 GBP


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

(SHEL.L)


Dealing in (name of company):                   SHELL TRANSPORT & TRADING CO PLC
Class of security:                              ORD 25P
Date of disclosure:                             23 MARCH 2005
Date of dealing:                                22 MARCH 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    ROYAL DUTCH SHELL PLC
GBP
Total number of securities purchased:           622,767
Highest price paid*                             4.8650 GBP
Lowest price paid*                              4.8100 GBP
Total number of securities sold:                466,360
Highest price received*                         4.8600 GBP
Lowest price received*                          4.8229 GBP
USD
Total number of securities purchased:           150,000
Highest price paid*                             9.2100 USD
Lowest price paid*                              9.2100 USD


CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

(SC.N)


Dealing in (name of company):                   SHELL TRANSPORT & TRADING
Class of security:                              ADR 1:6
Date of disclosure:                             23 MARCH 2005
Date of dealing:                                22 MARCH 2005
Name of EMM:                                    ABN AMRO BANK NV London Branch
Name of offeree/offeror with whom connected:    ROYAL DUTCH SHELL PLC
Total number of securities purchased:
Highest price paid*                             USD
Lowest price paid*                              USD
Total number of securities sold:                25,000
Highest price received*                         55.5539 USD
Lowest price received*                          55.5539 USD