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Annual Statements

Financial reporting

Price winner 2012 in the category non-listed

Home Annual Statements Financial Statements 2012 Other information Proposed profit appropriation

Proposed profit appropriation

Article 25 of the company’s Articles of Association contains the following provisions on profit appropriation:

1. Without prejudice to the provisions of Section 2:105 of the Netherlands Civil Code, the profit according to the financial statements prepared by the Management Board shall be added to reserves unless the General Meeting of Shareholders resolves to make profit distributions according to a proposal by the Management Board approved by the Supervisory Board.

2. The General Meeting of Shareholders shall decide the appropriation of the amounts thus reserved according to a proposal by the Management Board approved by the Supervisory Board.

(in thousands of euros)

Result attributable to shareholders

198,714

With due observance of Article 25 of the Articles of Association,

it is proposed that the result for the year be appropriated as follows:

Addition to the revaluation reserve

5,970

(fair value gains and losses on property recognised in the profit and loss account, after adjustment for fair value losses below cost and after deduction of corporate income tax)

Addition to the statutory reserve

14,720

(sum of the results of associates, less dividend distributions, and investments in research and development less amortisation)

Dividend distribution

- 108,365

(50% of the net result less fair value gains and losses on property after deduction of corporate income tax)

- 87,675

Addition to retained profits

111,039