The Netherlands: Boskalis Supervisory Board Changes Approved

At today’s Annual General Meeting of Shareholders of Royal Boskalis Westminster N.V. (Boskalis) a number of changes were approved with regard to the composition of the Supervisory Board. Furthermore, the meeting adopted the dividend proposal of € 1.24 per share.

Mr. C. van Woudenberg was reappointed as a member of the Supervisory Board of Boskalis for a period of four years.

Mr. M. van der Vorm was not available for reappointment as a member of the Supervisory Board. The General Meeting of Shareholders voted to fill this vacancy on the Board with the appointment of Mr. J. van Wiechen.

Mr. Van Wiechen (1972, Dutch nationality) holds the position of director at HAL Investments B.V. Mr. Van Wiechen is also a non-executive board member of Dockwise Ltd, chairman of the supervisory board of N.V. Nationale Borgmaatschappij and a supervisory board member of Mercurius B.V., FD Mediagroep B.V. and InVesting B.V.

Mr. Van Wiechen was appointed as a member of the Boskalis Supervisory Board for a period of four years.

The General Meeting of Shareholders was informed that Mr. H.J. Hazewinkel will assume the role of acting chairman of the Supervisory Board following the recent unexpected passing away of Mr. H. Heemskerk. During the meeting it was also announced that Mr. J.M. Hessels has agreed to stand as a candidate for the position of chairman of the Supervisory Board. The Supervisory Board will propose the appointment of Mr. Hessels at the next (extraordinary) shareholders’ meeting.

Furthermore, Mr. T.L. Baartmans was reappointed as a member of the Board of Management of Boskalis for a period of four years.

Dividend

The General Meeting of Shareholders adopted the proposal that a dividend of € 1.24 per share be distributed in the form of ordinary shares, unless the shareholder opts to receive a cash dividend. The dividend will be payable from 8 June 2011.

All other agenda items that required voting were passed.

2011 financial agenda

16 May Ex-dividend date

18 May Record date for dividend entitlement (after market close)

27 May May Last date for stating preference for dividend in cash or shares

1 June Determination and publication of conversion rate for stock dividend based on the volume weighted average share price on 30 and 31 May and 1 June (after market close)

8 June Date of dividend payment and delivery of shares

18 August Publication of 2011 half-year results

18 November Trading update on third quarter of 2011.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. Boskalis offers a wide variety of marine services through SMIT and also has strategic partnerships in the Middle East (Archirodon) and in offshore services (Lamnalco). The company holds important home market positions in and outside of Europe. Boskalis has a versatile fleet of over 1,000 units and operates in around 65 countries across six continents. Including its share in partnerships, Boskalis has approximately 14,000 employees. Boskalis celebrated its 100th anniversary in 2010.

[mappress]

Source: boskalis, May 12, 2011;