BAM PPP transfers four UK PPP projects to new joint venture with DIF

Bunnik, The Netherlands, 10 December 2007 - The joint venture between BAM PPP and investor DIF (Dutch Infrastructure Fund) - which was announced by Royal BAM Group on 29 May 2007 - is now established and has acquired four operational projects from BAM PPP. Initially BAM PPP will hold 75 per cent of the new company, but the intention of both parties is to have equal shares by the end of 2009. The initial divestment of 25 per cent results in a book profit for BAM of approximately €12.5 million. This amount was already included in BAM's net profit forecast for 2007 of at least €310 million, as published 29 November.