All amounts in € thousands, unless otherwise stated

The Company financial statements of Bouwinvest Dutch Institutional Retail Fund N.V. (the Retail Fund) are included in the consolidated financial statements and are prepared in accordance with the legal requirements of Part 9, Book 2 of the Dutch

Reference is made to Note 3 of the consolidated financial statements.

The Fund acquired the shares (100%) of the following subsidiaries:

For 2019, before appropriation of profit

The Retail Fund has no employees.

Reference is made to Note 23 of the consolidated financial statements.