In accordance with Article 618 of the Companies’ Code and the statutes of your company, we are pleased to submit our report on our review of the accompanying statement of assets and liabilities as of 30 June 2007, based on which you propose to distribute an interim dividend of EUR 0.70 per share, for a total amount of EUR (‘000) 913,118.

We conducted our review of the statement of assets and liabilities as of 30 June 2007, which consisted primarily of analysis, comparison and discussion of the interim financial information, in accordance with the relevant recommendation of the ‘Institut des Reviseurs d’Entreprises – Instituut der Bedrijfsrevisoren’.

Our review did not reveal any matters that would require material adjustments to be made to the statement of assets and liabilities as of 30 June 2007.

Finally, according to the accompanying statement of assets and liabilities, the proposed distribution would not lead to a decrease in the company’s net assets to an amount lower than the sum of the company’s paid-up capital and those reserves that the law or the company’s statutes do not allow to be distributed.

8 August 2007

The Statutory Auditor
PricewaterhouseCoopers Reviseurs d'Entreprises/Bedrijsrevisoren
represented by

Enclosure:
Statement of assets and liabilities as of 30 June 2007.