BAM delivers forecast operational result in tough home markets

• 2012 net loss €187 million due to impairments in first half year (2011: profit €126 million); Operational profit before tax 2012 €107 million (2011: €143 million)
• Results at Construction and M&E services and Civil engineering impacted by challenging conditions in the European home markets, in particular the Netherlands
• Trends in property development markets in line with BAM’s adjusted assumptions set per H1
• Solid performance and good bid pipeline at PPP
• Order book at €11.0 billion at end of 2012, up by €0.6 billion on year-end 2011 (+6%)
• Proposed dividend of €0.10 per share with stock alternative (2011: €0.16)

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