Duties during the year
The board of the Trust Office met on March 20, 2007. During this annual meeting the business of the Company was discussed. Also discussed was the way in which the Trust Office would exercise its voting rights at the Annual General Meeting of Shareholders of the Company.
During the year under review the Trust Office carried out all duties in relation to the administration of the depositary receipts for convertible cumulative financing preference shares.

 

Voting behaviour at the General Meeting of Shareholders
The Trust Office was represented at the Annual General Meeting of Shareholders on April 19, 2007 by a proxy holder.
The Trust Office represented 20 million votes, amounting to 35.7% of the total number of votes present at the meeting. During this meeting, the taking of resolutions was supported by electronic voting, and the proposed resolutions as listed on the agenda were approved.

 

Board. Composition, remuneration and independence
The board of the Trust Office consists of five members: three members A, one member B and one member C. The members A are appointed by the General Meeting of Shareholders. The member B is appointed by the Company and the member C is appointed by the Meeting of Holders of Depositary Receipts.

 

During the year under review the composition of the board was as follows:
P.H. Vogtländer, member B (chairman)
J. Zuidam, member C
S. Bergsma, member A
J.M. Boll, member A
J. Klaassen, member A
 
The remuneration of the board members is € 4,000 for the chairman and € 2,500 for the other members. The total costs of the Foundation (including the remuneration of the board members) amounted to € 15,883.20 in 2007.

 

Venlo, April 10, 2008
Foundation ‘Stichting Administratiekantoor Preferente Aandelen Océ’

 

The Board

 

Foundation ‘Stichting Administratiekantoor Preferente Aandelen Océ’
Attn. the Secretary
PO Box 101
5900 MA  VENLO

 

Tel. +31 77 359 2275
Fax +31 77 359 5325