All amounts in € thousands, unless otherwise stated

The Company financial statements of Bouwinvest Dutch Institutional Residential Fund N.V. (the Fund) are included in the consolidated financial statements and are prepared in accordance with the legal requirements of Part 9, Book 2 of the Dutch Civil

Reference is made to Note 3 of the consolidated financial statements.

The Fund acquired the shares (100%) of the following subsidiaries:

For 2017, before appropriation of profit

The Residential Fund has no employees.

Reference is made to Note 22 of the consolidated financial statements.