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Appropriation of results according to the articles

Article 24 of the company’s articles contains the following provisions regarding the appropriation of results.

Article 24.

  1. In addition to several other reserves, the company can keep a general reserve, a share premium reserve A, a share premium reserve B, a dividend reserve A and a dividend reserve B in its records. The respective rights to these reserves go to owners of shares A and shares B, pro rata to the number and type of shares they own.
  2. Payments to shares A and shares B that exceed the nominal value of those shares are added to the share premium reserve concerned.
  3. Without prejudice to that determined elsewhere in this article, the distributable profit is freely at the disposal of the general meeting for the payment of dividend, reservations or other such purposes within the company’s goal as determined by the general meeting.
  4. The general meeting can determine, with prior approval from the holders of shares of the type concerned, not to distribute profits on those shares but to reserve that portion of the profit and add it to dividend reserve A or B respectively. Payment from dividend reserve A or B respectively can only be made to holders of the type of shares concerned if the general meeting determines as such after prior approval by a meeting of those holders of shares of the type of shares concerned if the general meeting determines as such after prior approval by a meeting of those holders of shares of the type of shares concerned.
  5. Without prejudice to that determined elsewhere in this article, if the general meeting decides to reserve profit or pay dividend on all shares regardless of the type, equal amounts of the profit will be reserved or paid as dividend.
  6. The company may only make payments to shareholders and other beneficiaries up to the profit available for payment provided that the equity capital exceeds the paid-up and called-up part of the capital plus the reserves to be held under the law or the articles of association.
    In calculating the appropriation of profit, shares held by the company in its capital shall not be taken into account. 
  7. Appropriation of profit will occur after the determination and approval of the financial statements which show that it is permissible.
  8. The general meeting is authorised to determine payments on one or more interim dividends, with due regard to the provisions in point seven.
  9. Unless the general meeting determines another date, dividends are immediately payable after approval.
  10. The right to claim for payment of dividend lapses after a period of five years.

Audit statement of the independent auditor


RAI Holding B.V. prepares its annual financial statements in the Dutch language. In order to be able to distribute the financial statements to international stakeholders, management has decided to prepare an exact translation into the English language of the 2025 financial statements, this has been confirmed by means of an additional representation in the representation letter, signed by the board of directors.

The financial statements of RAI Holding B.V. for the year ended 31 December 2025 have been prepared on the date of 23 April 2026. On that same date, Deloitte Accountants B.V. issued an unqualied independent auditor’s report on these financial statements in the Dutch language.


Amsterdam, 23 April 2026

Deloitte Accountants B.V.

J.G.M. Bakker