APPROPRIATION OF THE PROCEEDS OF
The offering of Ordinary Shares for the account of the Company (after deduction of the fee
of ABN AMRO Rothschild, 1% capital tax and specific costs to be paid by the Company) is
expected to yield net proceeds of approximately NLG 117.5 million.
The Company expects to use the net proceeds from the offering mainly to expand its
existing operating activities both nationally and internationally. This implies investments in
the youth training programme and scouting, as well as commercial activities such as
merchandising. See 'The Company - Organisation and Activities'.