P R E S S R E L E A S E

Europoort/Rotterdam, 17 February 2014

H E S B E H E E R P R E D I C T S L I T T L E C H A N G E I N

A D J U S T E D R E S U L T F O R 2 0 1 3

H.E.S. Beheer N.V. predicts an adjusted net profit for 2013 of €25.3 million, fractionally below the 2012 figure of €25.6 million. The contributions by EBS (100%) and OVET (HES economic interest 47.7%) were lower, but those by EMO (HES economic interest 36.6%), BTT (100%) and OBA (HES economic interest 73.8%) in particular were higher. Net profit is expected to be
€24.3 million, 5.1% lower than the year before (2012: €25.6 million), reflecting non-recurring expenses of the due diligence investigation in relation to the possible ATIC transaction. This translates into net earnings per share of €2.72 (2012: €2.93). The operating result for the last quarter was €7.6 million, the same as the last quarter of 2012 which was the second-best quarter ever.
Bulk volume proportional to HES's economic interests in its investee companies continued to grow, from 33.3 million tonnes to
37.9 million tonnes. The fastest growth was in coal, but industrial minerals - most notably iron ore - and oil products were also higher. Agribulk volume was down slightly. Demand for storage was markedly lower than the year before, which adversely
affected rental income.
The final figures, with more detailed notes, will be published after close of trading on 17 March 2014.
The management
H.E.S. Beheer N.V.

Note for editors

For more information, please contact Ms. E.L. Groenendijk, Director Special Projects, tel. +31 (0)181 258 153, e-mail e.groenendijk@hesbeheer.nl

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