5.5.15Events after the balance sheet date

In accordance with the Company policy introduced in 2015 which consists of paying out between 25% and 35% of the directional net income provided that positive free cash-flows are expected to be generated during the year of payment, and, this year, considering 2016 exceptional non-recurring items, a dividend out of 2016 net income of US$ 0.23 per share will be proposed to the Annual General Meeting on April 13, 2017, corresponding to approximately 31% of the US$ 150 million Company’s 2016 Directional net income adjusted, this year, for non-recurring items.

Schiphol, the Netherlands

February 8, 2017

Management Board

B.Y.R. Chabas, Chief Executive Officer

P. Barril, Chief Operating Officer

E. Lagendijk, Chief Governance and Compliance Officer

D.H.M. Wood, Chief Financial Officer

Supervisory Board

F.J.G.M. Cremers, Chairman

T.M.E. Ehret, Vice-Chairman

L.A. Armstrong

F.G.H. Deckers

F.R. Gugen

S. Hepkema

L.B.L.E. Mulliez

C.D. Richard