Talks sale interest BAM in Van Oord held up

Bunnik, The Netherlands, 17 October 2008 – The talks which began in May 2008 between Royal BAM Group nv and the two other shareholders of Van Oord with regard to the sale of the 21.5%-interest in Van Oord are held up. Both parties conclude that the current situation on the financial markets does not allow a successful conclusion of the talks.