Profit is appropriated in accordance with Article 4 of the Articles of Association, which stipulates that the General Meeting of shareholders decides which proportion of the profit is added to the reserves.

The General Meeting of Shareholders held on 24 April 2014 adopted and approved the 2013 financial statements. The profit for 2013 of € 4,903,000 was added to the retained earnings.

The management proposes that the General Meeting of shareholders approve the addition of the profit to the retained earnings. Net profit for the year amounts to € 3,173,000.

Bouwinvest has no significant subsequent events that need to be disclosed.