Dutch Financial Reporting Supervision Act

DFSA applies to financial years starting from 1 January 2006. On the basis of the DFSA, the AFM supervises the application of financial reporting standards by, among others, companies whose corporate seat is in the Netherlands and whose securities are listed on a Dutch Regulated Market or foreign stock exchange. Pursuant to the DFSA, the AFM has an independent right to (i) request an explanation from us regarding its application of the applicable financial reporting standards and (ii) recommend to us the making available of further explanations. If we do not comply with such a request or recommendation, the AFM may request that the Dutch Enterprise Chamber of the Amsterdam Court of Appeal (Ondernemingskamer van het Gerechtshof te Amsterdam) (Enterprise Chamber) order us to (i) make available further explanations as recommended by the AFM, (ii) provide an explanation of the way we have applied the applicable financial reporting standards to its financial reports or (iii) prepare our financial reports in accordance with the Enterprise Chamber’s instructions.

This Annual Report also concerns the annual financial reporting within the meaning of 5:25c(2) DFSA.