Retirement schedule

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According to the Articles of Association, a member of the Supervisory Board is appointed for a period of four years by the Annual General Meeting of Shareholders. A Supervisory Board member can be re-appointed once for a period of additional four years, and twice of a subsequent period of two times two years. A Supervisory Board member will retire definitively after a total of four terms (two times 4 years, subsequently two times two years). The Supervisory Board can grant dispensation in exceptional circumstances, at the Board’s discretion.

Retirement schedule Supervisory Board

 
Name (year of birth) SB Committees Tenure
(from first appointment until 2018 AGM, 23 April 2018)
First appointment Last re-appointment Next re-appointment (1) Final retirement (2)
Wijers (1951) (chair) NCGCom (chair) / AC/RemCo 1 2017 - 2021 2027/2029
Lamberti (1956) (vice-chair) AC(chair) / RiCo 5 2013 2017 2021 2023/2025
Balkenende (1956) RiCo 1 2017 - 2021 2027/2029
Boyer de la Giroday (1952) RiCo/ AC 4 2014 2018 2022 2024/2026
Breukink (1950) RemCo(chair) / NCGCom 11 2007 2015 - 2019
Gheorghe (1956) RiCO / NGCom 3 2015 - 2019 2025/2027
Haase (1953) AC 1 2017 - 2021 2027/2029
Reibestein (1956) RiCo(chair) / AC / RemCo 5 2013 2017 2021 2023/2025

(1) For approval by the Annual General Meeting of Shareholders
(2) Based on the re-appointment of 2 times 2 years

The (re)appointment terms in this retirement schedule are based on the Dutch Corporate Governance Code 2016 (“Code”) : “4+4+2*2 years”: An SB member shall be in principle appointed for a term of four years and can be reappointed once for another term of four years. An SB member may subsequently be reappointed for a term of two years which appointment may be extended by another term of two years. Reappointment is not automatic, but depends on the performance of the SB member in question. In the event of a reappointment after an eight year period, reasons must be given in the report of the SB.

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