Former Managing Director P.F. Ordered to Pay for Compensation

NIEUWEGEIN, The Netherlands - The court has this morning ordered by interlocutory decision that ex-director P.F. of the former Industry & Supply division of Ballast Nedam is liable to pay an amount of approximately EUR 20 million to Ballast Nedam N.V. The court ordered also that several associated parties of P.F. are jointly liable for a substantial part of the damage. This includes damage inflicted as a result of fraud and forgery.

The decision of the court is a interlocutory decision, which means that only on a part of the claims the court has made a decision. The proceedings will be continued en the court shall decided on the other claims in due time.

In addition to the civil action, a criminal proceeding is still taking their course. It is not possible at this stage to provide any further information on the duration and likely outcome of the proceedings.

In 2007, Mr. P.F. was already ordered to pay EUR 2 million by way of a first advance on the compensation. This payment has been received in 2007 by Ballast Nedam and has not been included in the income statements. Ballast Nedam has secured payment of compensation as far as possible in the form of a bank guarantee and attachment of and liens on assets belonging to those involved. The outcome of the procedure has not been included in the 2009 profit forecast.

Source: Ballast Nedam NV

For further information: Ballast Nedam N.V., Adrie van Kessel, telephone +31(0)30-285-41-61 / +31(0)6-2245-7185