Amsterdam, 9 April 2020

Profit is appropriated in accordance with Article 4 of the Articles of Association, which stipulates that the General Meeting of Shareholders decides which portion of the profit shall be added to the reserves.

To the shareholder and the Supervisory Board of Bouwinvest Real Estate Investors B.V.

Bouwinvest Real Estate Investors B.V. invests the capital of institutional investors (pension funds and insurance firms) in real estate. We invest for the long term and we do this in a responsible manner, with respect for the world around us.

This is the total number of new homes added to the Dutch residential portfolio with a rental price between €720 and €1,000 per month in the reporting period.

The goal of this annual report is to inform our stakeholders regarding the financial and non-financial developments at our company in the 2019 calendar year.