Recommendations
of the
Supervisory
Board
To the shareholders
The Executive Board has
submitted the annual accounts drawn up for the
financial year 1997 to the Supervisory Board.
These annual accounts set out on pages 45 to 68
inclusive of this report have been audited by
page 69.
The Supervisory Board recommends you to
adopt the annual accounts and, in accordance
with the proposal of the Executive Board, to set
the dividend at NLG 175,607,000 and to add the
balance of profit, amounting to NLG 585,779,000,
to the general reserve. Per share of NLG 25.-
par value, this proposal represents a dividend of
NLG 3.50 of which NLG 1.50 was already made
payable as interim dividend on September 23,1997.
Messrs J. Loudon and M. Das were
reappointed to the Supervisory Board at the
General Meeting of Shareholders on April 24,
1997. Mr. Das was also reappointed as delegated
Supervisory Board member.
Messrs Hazelhoff and Maas stepped down
from the Supervisory Board on rotation; both are
immediately eligible for re-election. Binding
proposals for the appointment of two Supervisory
Board members will be submitted to the General
Meeting of Shareholders to be held on April 23,199?
KPMG Accountants N.V. whose report appears on
6
