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27-08-2007 At the Extraordinary General Meeting of Shareholders, which was held today at, the public offer by London Acquisition B.V. of € 47 per share for all issued and outstanding ordinary shares in the capital of Stork N.V., was discussed.
Messrs Kalff (Chairman of the Supervisory Board) and Vollebregt (Chairman of the Board of Management) have given a further explanation of the offer, including the most important aspects of the offer and the recommendations of the Supervisory Board and the Board of Management. Subsequently the offer was discussed with shareholders.
The Board of Management and the Supervisory Board, including the supervisory directors appointed by the Enterprise Section (Ondernemingskamer) of the Amsterdam Court of Appeal (Gerechtshof), believe that the offered price is reasonnable and fair, and have reached the conclusion that the offer is in the interests of Stork, its shareholders and other stakeholders. Therefore, they fully and unanimously support the offer and unanimously recommend the offer to the shareholders for acceptance.
In addition, shareholders approved, subject to the offer being declared unconditional, the amendment of the articles of association of Stork N.V. and the appointment of members of the Supervisory Board. The approved amendment of the articles of association is in accordance with the agenda documents published on the Stork website, which differ from the proposal in the offer memorandum. If the offer is declared unconditional the Supervisory Board will consist of Mr. J.H. Schraven (chairman), Mr. M.S. Gumienny (vice chairman), Mr. E.J.F.H.C. Ernst, Mr. O.H. Wilson, Mr. P.F. Hartman and Mr. C.A. van den Driest.
Stork N.V.
Dick Kors
Tel.: +31 (0)35 695 75 75 or +31 (0)6 51 98 40 54
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