General

On 10 December 2008 the Corporate Governance Code Monitoring Committee presented the revised Dutch Corporate Governance Code (the ‛Code’), which was published in the Netherlands Government Gazette no. 18499 on 3 December 2009.

Gamma Holding almost fully subscribes to the principles and best practices contained in the (revised) Code for fair, honourable and transparent business conduct within Dutch listed companies. On 12 June 2009 and 7 September 2009, Gamma Holding already amended its articles of association in line with new statutory provisions and the Code. The amendment of the rules and regulations for the Executive Board and the Supervisory Board and the Company’s policy on bilateral contacts with shareholders, investors, analysts and the press were also adjusted accordingly and published. In addition, Gamma Holding monitors developments regarding the deployment of and compliance with the Code, as evidenced by the reports of the Corporate Governance Code Monitoring Committee.

Michiel Dams Company secretary, General counsel Panovenweg 12 P.O. Box 80 5700 AB Helmond The Netherlands Tel.: +31 492 56 66 11 Fax: +31 492 56 67 11 Email: