Retirement schedule Supervisory Board

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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. 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.

Retirement schedule Supervisory Board
Name (year of birth) Member of SB committees Tenure
(from first appointment until AGM 28 April 2020)
First appointment Last re-appointment Next re-appointment (1) Final retirement (2)
Wijers (1951) (chair) NCGcom (chair) / RemCo / RiCo / AC 3 2017 - 2021 2027/2029
Rees (1956) (vice-chair) RiCo (chair) / AC 1 2019 - 2023 2029/2031
Balkenende (1956) RiCo 3 2017 - 2021 2027/2029
Colombás (1962) RiCo / AC - 2020 (3) - 2024 2030/2032
Gheorghe (1956) NCGcom / RemCo / RiCo 5 2015 2019 2023 2025/2027
Haase (1953) RiCo / AC (chair) 3 2017 - 2021 2027/2029
Hulst (1955) RiCo / AC - 2020 - 2024 2030/2032
Naus (1969) RemCo / RiCo - 2020 - 2024 2030/2032
Verhagen (1966) NCGcom / RemCo (chair) 1 2019 - 2023 2029/2031

(1) For approval by the Annual General Meeting of Shareholders
(2) Based on the re-appointment of 2 times 2 years
(3) Effective per 1 October 2020

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