Boskalis Annual Report 2018

ANNUAL REPORT 2018 – BOSKALIS 149

STICHTING CONTINUÏTEIT KBW

REPORT By decision of the General Meeting of Shareholders held on 9 May 2001 the foundation Stichting Continuïteit KBW was granted the right to acquire cumulative protective preference shares in Royal Boskalis Westminster N.V. for a nominal amount equal to the nominal amount of ordinary shares outstanding at the time of issue of the shares concerned, minus the nominal value of one ordinary share. The option of issuing such cumulative protective preference shares was not exercised during the period under review.

The Board of Stichting Continuïteit KBW consists of three members:

C.J.A. van Lede, chairman J.S.T. Tiemstra P.N. Wakkie

As per 1 July 2018, Mr. C.J.A. van Lede became a member and chairman of the Board of Stichting Continuïteit KBW, replacing Mr. J.A. Dekker.

The articles of association of the Stichting Continuïteit KBW are to be found at www.boskalis.com/ corporategovernance.

DECLARATION OF INDEPENDENCE The Board of Stichting Continuïteit KBW and the Board of Management of Royal Boskalis Westminster N.V. hereby declare that, in their opinion, Stichting Continuïteit KBW is an independent legal entity, separate from Royal Boskalis Westminster N.V., as defined in Section 5:71, first paragraph, under c, of the Dutch Financial Supervision Act.

Papendrecht / Sliedrecht, 6 March 2019 Royal Boskalis Westminster N.V. Board of Management

Hilversum, 6 March 2019 Stichting Continuïteit KBW The Board