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8. OPERATING INCOME AND EXPENSES Other operation expenses comprise the remuneration of the members of the Board of Management and members of the Supervisory Board for a total amount of EUR 7.6 million (see note 30.2) as well as other third party expenses (EUR 0.8 million). Other operating expenses are born by Group companies and these are reported as Other operating income. 9. REMUNERATION OF THE MEMBERS OF THE BOARD OF MANAGEMENT AND MEMBERS OF THE SUPERVISORY BOARD The remuneration of members of the Board of Management and members of the Supervisory Board is disclosed in the consolidated financial statements under Related party transactions (note 30.2). 10. AUDITOR REMUNERATION With reference to Section 382A, Part 9 of Book 2 of the Dutch Civil Code, Ernst & Young Accountants LLP charged the following fees to the Company, its subsidiaries and other consolidated entities:

2015

2016

Audit of the financial statements

1,422

1,705

Other audits

69

88

1,491

1,793

Total audit fees, including fees for auditors other than Ernst & Young Accountants LLP, related to the audit of the financial statements amounted to EUR 2.5 million (2015: EUR 2.2 million).

11. COMMITMENTS AND CONTINGENT LIABILITIES Royal Boskalis Westminster N.V. heads a fiscal unity. The company is therefore liable for the tax obligations of the fiscal unity as a whole. The Company has arrangements with third parties, amongst which banks and pension funds. These arrangements are on behalf of Group companies. Because the risks and rewards are with these Group companies, the costs are charged to these companies and the liabilities are recognized by these companies. The Company is jointly and severally liable for the fulfillment of obligations. The Company has issued guarantees on behalf of project-driven construction consortiums, and Group companies’ own contracts, amounting to EUR 1.0 million as at 31 December 2016 (2015: EUR 1.0 million). In addition, certain recourse obligations exist in respect of project financing. Where necessary, provisions are deemed to have been made.

Supervisory Board J.M. Hessels, chairman Ms. I. Haaijer H.J. Hazewinkel M. Niggebrugge J. van der Veer J.N. van Wiechen C. van Woudenberg ANNUAL REPORT 2016 – BOSKALIS FINANCIAL STATEMENTS 2016

Some legal proceedings and investigations are ongoing with respect to entities of Royal Boskalis Westminster N.V. Where necessary, provisions are deemed to have been made.

Papendrecht / Sliedrecht, 7 March 2017

Board of Management dr. P.A.M. Berdowski, chairman T.L. Baartmans J.H. Kamps