Corporate presentation

1. Corporate presentation

2. Contents • Profile • Facts & Figures • Practice • Market

3. Loyens & Loeff is an independent provider of legal and tax services. Independence History • Loyens & Loeff came into existence in 2000 following a merger of Loyens & Volkmaars and part of Loeff Claeys Verbeke. Our roots go back to the 20th century. Integrated legal and tax services • Loyens & Loeff pools the expertise of more than 850 attorneys, tax advisers and civil law notaries.

4. Benelux as domestic market • Loyens & Loeff has six offices in the Benelux. International scope • Loyens & Loeff has eleven offices in the world’s most important financial centres. International transactions are our specialty. Cross-borderexpertise • Loyens & Loeff works closely with internationally recognised law firms and tax advisers.

5. Attractive employer Loyens & Loeff Student Academy • Challenging tasks for students (Business Courses, Summer Courses, traineeships) Loyens & Loeff Starters Academy • In-house courses for starters preparing them for legal and tax practice: • Applying knowledge in the practice • Developing communication and marketing skills Part-timers can become partners

6. Corporate Social Responsibility (CSR) CSR Pro Bono Committee • Formulation and implementation of our CSR policy • Also an ethical committee employees can turn to if they have questions regarding certain types of work Ecological CSR measures • Reducing the amount of energy and paper used • Energy-saving climatological system Amsterdam and Rotterdam offices • Employees make carbon-neutral business flights • Organic products in the company restaurant Social CSR measures • Diversity policy • Proactive pro bono policy: legal services to non-governmental organisations and charities – for free or highly reduced.

7. 1000 900 800 622 700 600 765 500 400 300 112 200 100 Staff Partners Fee-earners 0 2002 2003 2004 2005 2006 2007 2010 2011 2008 2009 Staff as per July 2011 Fee-earners (incl. partners) Total number of employees(excl. 11 advisers) Total: 1.499

8. Turnover per group Geographical turnover in € mln in € mln 136 30 46% 10% 24 8% 271 92% 129 Attorneys 44% Outside Benelux Tax lawyers Benelux Civil law notaries Turnover 2010 Total: € 295 mln

9. 30 27 25 22 20 Professors 15 Doctoral candidates 15 Lecturers Research staff 10 6 5 0 Professors, lecturers and doctoral candidates (Universities and Higher education)

10. 16 14 14 14 12 10 10 Professors 8 Promovendi 8 Lecturers (+3 civil/tax)* Research staff 6 5 4 4 3 3 2 2 2 2 0 0 Tax Civil Notarial University and higher education associates by category * Associates can work for more categories

11. Offices

12. Practice (1) • Administrative law • Banking & Finance • Business owners & Private clients • Capital markets • Commercial law • Competition & Procurement • Corporate / M&A • Corporate restructuring & Insolvency • Employment law, Taxes & Benefits • Energy • Information, Communication & Technology

13. Practice (2) • Insurance • Intellectual property • Investment management & Funds • Litigation, Arbitration & Mediation • Pensions & Pension funds • Private equity • Real estate • Regulatory • Tax • VAT & Customs

14. Automotive Corporate governance Health care real estate Hotel Housing corporation Islamic finance Project development Public transport & Mobility Teams

15. Brazil CEE China India Israel Italy Malta Russia / CIS Turkey International desks

16. Market opinions (1) • Leading the field in Chambers Europe Loyens & Loeff holds on to its top ranking position as leading Benelux law firm, as revealed in the Chambers Europe Guide for 2011. In the Tax category, our offices in the Benelux all prolonged their tier 1 ranking. Chambers said: “This Benelux firm is synonymous with expertise in tax law” and “[…] clients […] appreciate the firm’s high-level service and expertise in all areas of tax law”. Our Dutch offices also achieved tier 1 status once again in the categories Investment Funds, Real Estate, Real Estate: Zoning and Planning, and Transportation: Shipping Advisory. As regards Investment Funds, Chambers was impressed by Loyens & Loeff, stating that: “It is home to a large group of experts who bring together a comprehensive skill set, to tackle the whole range of funds matters.” And, in terms of Real Estate, Chambers reveals: “With its large real estate practice, Loyens & Loeff is without doubt one of the strongest firms in the market.” Chambers gave our Dutch offices a tier 2 ranking in the categories Corporate/M&A, Banking & Finance, Private Equity, Capital Markets: Securitisation, Employment, Insurance, Energy & Natural Resources: Regulatory, and Energy & Natural Resources: Transactional. Our office in Belgium is once again ranked tier 2 in the categories Dispute Resolution and Employment. In the first category, Dispute Resolution, Chambers notes that “clients appreciate the team’s serious and articulate lawyers, rich mix of expertise, swift turnaround time and good level of associate involvement.” As regards Employment, sources tell Chambers: “Good legal knowledge, very responsive and creative.” Our Luxembourg office achieves a tier 2 ranking for Investment Funds, with sources saying: “The lawyers are client-driven and have a highly entrepreneurial approach.” The Chambers Europe Guide is a leading guide to the legal profession, offering evaluations and rankings based on objective research through interviews with lawyers and their clients.

17. Excellent results in Chambers Global Loyens & Loeff has achieved excellent results in the Chambers Global Guide 2011. In the Corporate/ M&A category, Chambers commended Loyens & Loeff as “a robust player throughout the Benelux region”. “It offers integrated M&A and tax advice, making it a popular choice with investment funds and private equity clients.” Our Dutch office earned a tier 2 listing and our Belgium office a tier 3.As for the Banking & Finance category, our Dutch office this year rose from tier 3 to tier 2. Our office in Belgium was ranked tier 3. According to Chambers, our advice is “always clear and straight to the point”. This year, Loyens & Loeff Netherlands was ranked tier 2 in the Capital Markets: Securitisation category. Our Luxembourg office achieved a tier 3 position for Capital Markets. In the area of ​​Dispute Resolution, our office in Belgium was ranked tier 2 and our Dutch offices tier 3. Loyens & Loeff Luxembourg achieved a tier 2 listing in the Investment Funds category. Chambers said: “The team is highly adept at advising both domestic and international investment funds.”The Chambers Global Guide is a leading guide that evaluates and ranks legal service providers on the basis of objective research through interviews with lawyers and their clients. Highest ranking for tax advice Loyens & Loeff scores again the highest for tax advice in the Netherlands in International Tax Review’s World Tax 2010 edition. This confirms we have an international network and a leading reputation. Loyens & Loeff’s tax practice covers all the areas of tax. International Tax Review’s World Tax edition is an objective, comprehensive guide to the world's leading tax firms and tax advisers. Market opinions (2)

18. Market opinions (3) • High scores again in the Legal 500 Loyens & Loeff again scored very highly in the Legal 500 in 2011. As in previous years, we achieved the highest ranking in the category Tax. Legal 500 said: “Loyens & Loeff is outstanding, with its width of services and large network of almost 400 tax specialists”. In the categories Environment and Planning, Mediation, and Real Estate, our Dutch offices once again earned a tier 1 ranking. In the area of Real Estate, Legal 500 said: “Loyens & Loeff is expert, accurate, innovative, respectful, and swift”. Loyens & Loeff maintained its solid position in the other categories as well. Legal 500 publishes reviews and research on legal service providers from more than 100 countries. • The only Benelux law firm in the American Lawyer Global 100 Loyens & Loeff is once again the only Benelux firm listed in the American Lawyer Global 100. We are in 86th place with a turnover of USD 396 million. This overview is compiled by The American Lawyer and Legal Week. • High ranking in the Mergermarket M&A League Table Loyens & Loeff is ranked second, based on the number of transactions, in the Mergermarket Benelux M&A League Table for 2010. This table is based on the number of (announced) transactions in the Benelux during the period of 1 January to 31 December 2010.

19. Market opinions (4) • High ranking in Overfusies.nl's League Tables 2010 Loyens & Loeff ranks second in Overfusies.nl's League Tables for 2010, in terms of number of deals, on the list of firms with their headquarters in the Netherlands as well as on the list of firms that have advised on Dutch deals, regardless of their geographical location. • Best M&A firm Loyens & Loeff was named Best M&A firm and received a Golden Hourglass award. The award was presented at the official presentation of the KSU publication De Stand van de Advocatuur 2009. The award for best M&A firm is based on information from OverFusies.nl's merger and acquisitions database. It is handed out to the law firm which advised on the largest number of deals. • Once again number 1 in real estate For the fourth year running, Loyens & Loeff emerges as number 1 in the real estate lawyers rankings set up by the trade magazine PropertyNL. Loyens & Loeff heads the list way ahead of the rest.The study was carried out among more than 40 law firms and civil law notary offices. PropertyNL looked at the total transaction values of the firms in 2009.

20. Market opinions (5) • Best Employer in the Netherlands In 2009, for the second consecutive time, Loyens & Loeff was chosen as Best Employer in the Netherlands. We scored the highest (8.4) on the employee satisfaction scale in the large-organisation category (more than 1000 employees). The year before that, Loyens & Loeff won the award scoring 8.2. In 2010, our score was 8.3.The Best Employer Survey was compiled by the market research bureau Effectory. • Favourite law firm among law students Law graduates in the Netherlands prefer to enter the legal profession and they choose to join Loyens & Loeff rather than other firms. That goes for both male and female lawyers. They also consider Loyens & Loeff to be the most ‘recession-proof’ law firm. This emerged from the Law Labour Market and Image 2010 survey published by Memory Magazine. Loyens & Loeff was the favourite law firm among law students in 2009 as well, according to Memory Magazine. • Loyens & Loeff Luxembourg wins prizes Loyens & Loeff Luxembourg was named Global Benelux Law Firm of the Year in 2009 by ACQ Global. World Finance called the firm Best Corporate Tax Team in Luxembourg in 2009. • Loyens & Loeff is Belgium’s Tax Firm of the Year 2010 International Tax Review recognises Loyens & Loeff as Belgium Tax Firm of the Year, based on innovation, complexity and size of practice. • Best Benelux Law firm 2011 Loyens & Loeff has been named the ‘Best Benelux Law firm’ of 2011 by the jury of the International Legal Alliance Summit Awards (ILASA). The International Legal Alliance Awards reward the best independent law firms of the year. They recognise distinguished law firms in their domestic market for their excellent results of the year and lasting performance in management and leadership. After an accurate selection based on quantitative and qualitative criteria, more than 200 international independent law firms competed for the grand prize.

21. More information: www.loyensloeff.com