6 per cent yield level on net asset value for annual distributions to shareholders
Three dividends to be paid in year, each of Euro 0.175 per share
The Board is pleased to announce the dividends expected to be paid by the Company in respect of the year to 31 December 2005. In accordance with the Company’s policy the annual dividend will be equivalent to 6 per cent of the net asset value of the Company at the end of the preceding year. For 2005 this will equate to a total dividend of Euro 0.525 per share (2004: Euro 0.465 per share). The dividend will be paid in three equal instalments of Euro 0.175 per share at the end of January, May and August 2005.

The January dividend payment of Euro 0.175 will be paid on 26 January 2005 to shareholders on the register on 14 January 2005, having an ex-dividend date of 12 January 2005. Dutch withholding tax does not apply to this January dividend payment.