News

, May 11, 2011

Adoption of financial statements of Ordina N.V.: Ordina appoints Mr Aloys Kregting to Supervisory Board

Stépan Breedveld appointed as managing director of Ordina N.V. under the Articles of Association

The Annual General Meeting of Shareholders (AGM) of Ordina N.V., which was held this afternoon, adopted the financial statements for 2010. In addition, Mr Aloys Kregting was appointed to the Supervisory Board and a motion to change the remuneration of the members of the Supervisory Board was adopted. Finally, the Annual General Meeting of Shareholders granted several usual authorisations, including authorisation for the issue and purchase of treasury shares. Immediately after the Annual General Meeting of Shareholders of Ordina N.V., the Supervisory Board appointed Mr Stépan Breedveld as managing director of Ordina N.V. under the Articles of Association.

Adoption of financial statements

This afternoon’s Annual General Meeting of Shareholders of Ordina N.V. adopted the financial statements for the financial year 2010. Ordina achieved a revenue of EUR 436.6 million from continuing operations in 2010, with a total net result for the year of EUR 7.0 million negative. Because of this negative net result, Ordina did not, in accordance with its dividend policy, present a dividend proposal to the Annual General Meeting of Shareholders.

Composition of the Supervisory Board

During the Annual General Meeting of Shareholders, Mr Carlo de Swart retired from the Supervisory Board. To fill in the resulting vacancy, the Annual General Meeting of Shareholders adopted a motion to appoint Aloys Kregting to the Supervisory Board of Ordina N.V. for a period of four years. Aloys Kregting is the Chief Information Officer of DSM and has extensive administrative and line management experience in the field of information and communication technology.

Authorisations

As a matter of standing practice, the Annual General Meeting of Shareholders granted a number of authorisations. Stichting Prioriteit Ordina Groep (the priority trust) was authorised to issue new shares in Ordina N.V. and to exclude pre-emption rights in the process where appropriate. This authorisation was capped at 10% of the outstanding share capital of Ordina N.V. to date, plus 10% related to, or to be used for, mergers and acquisitions. The Annual General Meeting of Shareholders also authorised the Management Board to purchase no more than 10% of the outstanding share capital as treasury shares, at a price not exceeding 10% of the average closing price of the Ordina N.V. share on the five trading days immediately preceding the effective date of purchase.

Appointment of Stépan Breedveld as managing director under the Articles of Association

Stépan Breedveld was appointed as managing director of Ordina N.V. under the Articles of Association immediately following the Annual General Meeting of Shareholders. His employment contract is with Ordina Holding B.V., as are all employment contracts of the members of the Management Board. Mr Breedveld’s basic salary will be EUR 324,000 gross per year. His variable pay will be in keeping with the prevailing remuneration policy as adopted by the Annual General Meeting of Shareholders.

The employment contract is of definite duration and will end after four years, after which it will be renewable for consecutive periods. If the employment contract should be terminated early without this being imputable to him, Mr Breedveld will be entitled to a severance payment of no more than 24 times his gross monthly salary. When he joined Ordina, Mr Breedveld was awarded rights under two variable pay schemes, under which performance shares can be acquired. One scheme runs through December 2011 and the other through December 2012. Mr Breedveld has decided not to join Ordina’s average pay pension plan. Instead of Mr Breedveld joining Ordina’s pension plan, Ordina will pay Mr Breedveld a gross amount equal to the contribution that it would have made to the pension plan if Mr Breedveld had decided to join.

Revenue and profit developments in Q1 2011

This morning, Ordina N.V. published a press release elaborating on market developments in the first quarter of 2011.