GRESB 'Green Star' classification two years ahead of schedule Sustainable partnership Arthur van Schendelstraat Launch Green Business Club Beatrixkwartier in The Hague 

Environmental Management System: 123 smart meters installed 85.5% awarded a green energy label (A, B or C label) Average energy index 1.04 Energy consumption fell by 4.

All amounts in € thousands unless otherwise stated 20142013201220112010 Statement of financial position      Total assets579,982477,308509,516538,794516,019 Total shareholders’

Bouwinvest Dutch Institutional Office Fund’s focus on multi-use office buildings in prime locations in core regions puts it in a good position to provide stable and predictable direct returns.

The Fund’s 13 core regions are defined by criteria that are closely correlated to the trends towards urbanisation and a knowledge-based economy. Amsterdam, Rotterdam, The Hague and Utrecht are considered prime office regions.

Dear stakeholders, Last year, the Office Fund made its first investments since 2008, investing some € 138 million in prime properties in Amsterdam and Rotterdam.

Role of the Supervisory Board The Supervisory Board supervises the policies of the Bouwinvest Board of Directors and the general affairs of the Fund and its related business The Supervisory Board monitors and supervises the composition,

The Dutch economy is projected to grow slightly by 1.5% in 2015. The modest economic growth projected for 2015 is partly due to increased household consumption and a rise in business investments.

The Fund’s strategy is to optimise its portfolio through targeted acquisitions, continuous enhancement of core assets and the divestment of non-core office buildings.