Dividend for 2011 financial year

During the Annual Meeting, held on 26 April 2012, it has been decided to set the dividend for 2011 at EUR 0.34 in cash per share with a nominal value of EUR 0.25 or, at the shareholder’s discretion, paid out in shares. This payment in shares qualifies as the exception of Article 5:4 sub (e) on the prospectus obligation set out in Article 5:2 of the Financial Supervision Act (Wet op het financieel toezicht, Wft).

This means that Aalberts Industries is continuing its policy to pay approximately 25% of the realised net profit before amortisation as dividend. This implies an increase of 21% for 2011 compared to 2010 (EUR 0.28). The stock dividend will be fixed on 23 May 2012 after close of trading on the basis of the volume-weighted average share price of all traded shares in Aalberts Industries N.V. as at 17, 18, 21, 22 and 23 May 2012 in such a way that the value of the dividend in shares is virtually equivalent to the value of the cash dividend. The dividend will be made payable with effect from 25 May 2012.

The time line is:

Please indicate your choice within that option period through your bank or broker to submit to The Royal Bank of Scotland NV ('RBS').