BAM confirms 2011 profit outlook following stable first quarter

• Net result for Q1 2011: €20 million (Q1 2010: €10 million)
• Small profit in the Property sector
• Agreement with PGGM to form PPP joint venture
• Order book at €11.9 billion at end of Q1 2011 (year-end 2010: €12.1 billion)
• Expected net profit level for 2011 confirmed at €120 million

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