Bouwinvest has no significant subsequent events that need to be disclosed.

To: the shareholder of Bouwinvest Real Estate Investment Management B.V.

This report contains standard disclosures from the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines (core) and use the GRI Construction and Real Estate Sector Supplement (CRESS).

CSR targets 2014-2016

* This is a bi-annual survey. The latest survey was conducted in 2014.

La Guardiaweg 4 1043 DG, Amsterdam The Netherlands

“Bouwinvest needs engaged and committed employees. But engagement cuts both ways. Our employees are engaged because Bouwinvest continues to invest in them and give them the room to grow and develop,” says Bouwinvest head of Human Resources Mirjam Eijer. “Our bi-annual employee engagement survey shows where we’re getting it right and where we could do better if we want to create a truly future-proof organisation.” Bouwinvest’s scores have steadily improved in each survey and in the September 2015 survey Bouwinvest emerged with a score of 8 (and a 95.5% response rate). “This is way above the average for the financial sector, but we believe we can do even do better,” Eijer says.

“Engaged employees are essential if you want to improve your productivity, to build relationships with clients, and make organisation sustainable,” says Sanne Durieux from Effectory, the company that conducted the survey.

Teaming up with 4 Dutch cities: Amsterdam, Rotterdam, The Hague and Utrecht, in profiling the Holland Metropole as one connected economic region is important as competition between international cities and regions for investment and jobs will intensify. Therefore Bouwinvest is working closely together with the cities to create an attractive urban living and working environment.

All amounts in € thousands, unless otherwise stated