We provide an overview of shareholders that to the best of our knowledge have a holding of 3% or over in Boskalis.

Shareholder

Holding

HAL Investments B.V.

40.30%

Sprucegrove Investment Management Limited

5.16%

International Value Advisers, LLC 5.06%
OppenheimerFunds, Inc. 5.06%

Marathon Asset Management

3.57%

Dimensional Fund Advisors LP 3.11%
Black Creek Investment Management, Inc.

3.03%

Bestinver Gestion, SGIIC S.A. 3.00%

as at 31 December 2017, supplemented by information from AFM register Substantial Holdings.

Besides these large shareholders, an estimated 11% of the shares are held by shareholders in the United States, 5% in the United Kingdom and the remainder in mainly Spain, the Netherlands, Ireland, France and Germany.

The total number of outstanding Boskalis shares on 31 December 2018 is 134,067,826 including 1,310,512 treasury stock.

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