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

Europoort/Rotterdam, 3 September 2014

H E S B E H E E R B O A R D R E I T E R A T E S R E C O M M E N D A T I O N

I N F A V O U R O F P U B L I C T A K E O V E R O F F E R /

C O N D I T I O N A L A P P O I N T M E N T O F E X E C U T I V E A N D S U P E R V I S O R Y D I R E C T O R S

At the extraordinary general meeting of shareholders of H.E.S. Beheer N.V. held this afternoon, a presentation was given on the recommended public takeover offer (the Offer) made by 1908 Acquisition B.V., an indirect subsidiary of Hestya Energy B.V (the Offerer), for the entire issued and outstanding share capital of H.E.S. Beheer N.V.
At the meeting, it was repeated that the Supervisory Board and the Management supported the Offer and recommended that shareholders accept the offer for their shares. As stated in the offer memorandum that was published on 17 July 2014, in the absence of an extension, the deadline for acceptance is 17:40 on Wednesday, 17 September 2014.
An announcement will be made sometime between 17 and 22 September of whether the Offerer declares the Offer unconditional. The presentation given at the meeting can be downloaded from the website www.hesbeheer.nland the draft minutes of the meeting will also be available for download from the website within three working days of the date of the meeting.
The meeting approved the following conditional appointments of:
- Ms B.P.E. (Barbara) Geelen (40)
- Mr M. (Martin) Poulsen (43)
- Mr H.F.C. (Harry) van Rietschoten (47)
as members of the Executive Board with effect from the date of transfer of ownership, provided that the Offer is declared unconditional. Ms Geelen and Messrs Poulsen and Van Rietschoten currently form the Executive Board of Hestya Energy B.V. as CFO, CEO and General Counsel, respectively. Mr C.S.M. (Kees) Molenaar (66) will step down as Managing Director on the same date.
The general meeting also approved the conditional appointments of:
- Mr P. (Peter) Backhouse (63)
- Mr H.C.T.S. (Haroun) van Hövell tot Westerflier (42)
- Mr M.Q.H. (Marcel) van Poecke (54)
- Mr A.W. (Andrew) Ward (47)
as members of the Supervisory Board with effect from the date of transfer of ownership, provided that the Offer is declared unconditional. The existing Supervisory Board members, Ms D.A.Th. (Dilia) van der Heem-Wagemakers and Messrs J.P. (Jan Peter) Peterson and B. (Ben) Vree will remain in post, so that the Supervisory Board will be made up of seven members with effect from the date of transfer of ownership. The Board will continue to be chaired by Mr Peterson for the time being.
Management of H.E.S. Beheer N.V.

Note for editors

For further information, contact Ms E.L. Groenendijk, Director Special Projects, tel. +31 (0)181 25 81 53, e-mail e.groenendijk@hesbeheer.nl

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