Preference shares     

The main special rights attached to the preference shares are the right to acquire ownership of preference shares in the Company and to exercise the rights attached to those preference shares, including the voting rights and preferential subscription rights and/or in exchange for the allocation of depositary receipts to acquire and administer the ownership and management of preference shares and to exercise the rights attached to those shares. 

The object of the foundation for preference shares in Batenburg Beheer ("Stichting Preferente Aandelen Batenburg Beheer") is to ensure the continuity of the Company and the maintenance of its identity, and the continuity and identity of those companies with which it forms a group. The measures to exercise preferential subscription rights and to acquire preference shares can be expected to be used in cases where the Board of the Foundation considers that the object of the Foundation is in jeopardy.

The Executive Board of Batenburg Beheer N.V. and the Board of the foundation for preference shares share the view that, with regard to the independence of the members of the Board of the Stichting Preferente Aandelen Batenburg Beheer, the requirements laid down in Appendix X to the Listing and Issuing Rules of Euronext N.V., Amsterdam have been met.

The Board of the Foundation: