All amounts in € thousands unless otherwise stated

Bouwinvest received a management fee of in total € 30.5 million (2014: € 27.9 million), of which € 29.7 million (2014: € 25.7 million) is based on the assets under management and € 0.8 million (2014: 2.2 million) is based on other mandates and

The pension fund agreements chargeable to the financial year are composed as follows:

Bouwinvest has no significant subsequent events that need to be disclosed.

Amsterdam, the Netherlands, 14 March 2016