Recommendations
of the
Supervisory
Board
To the shareholders -p^g EXecutive Board
has submitted the annual accounts for 1999
to the Supervisory Board. These annual accounts,
which are set out on pages 45 to 68 of this report,
have been audited by KPMG Accountants N.V.,
The Supervisory Board recommends you to
adopt the annual accounts and, as proposed by the
Executive Board, to set the dividend at EUR 125.4
million and to add the balance of profit, amounting
to EUR 391.0 million, to the general reserve.
Per share of NLG 5.00 (EUR 2.27) par value,
this proposal represents a dividend of EUR 0.40
(NLG 0.88), of which EUR 0.14 (NLG 0.30) was
already made payable as an interim dividend
on September 17, 1999. In 1998 the dividend
amounted to NLG o.7o(EUR 0.32).
At the General Meeting of Shareholders
held on April 22, 1999 Messrs H. de Ruiter
and L. van Vollenhoven were reappointed to the
Supervisory Board.
Messrs M.R. de Carvalho and J. Loudon are
stepping down from the Supervisory Board by
rotation; both are eligible for reelection immediately.
In addition it will be proposed to the General
Meeting of Shareholders to appoint mr. A.H.J.
Risseeuw as a member of the Supervisory Board.
whose report appears on page 69.
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