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.

35.45%

Sprucegrove Investment Management Limited

5.16%

BlackRock, Inc. 4.80%

Marathon Asset Management

3.57%

Oppenheimer funds, Inc.

3.07%

as per 31 December 2016, supplemented by information from AFM register Substantial Holdings.

Besides these large shareholders, an estimated 15% of the shares are held by shareholders in the United Kingdom, 13% in the United States and Canada and the remainder in mainly The Netherlands, Norway, Germany, France, Switzerland and Hong Kong.

The total number of shares outstanding per 31 December 2016 is 130,076,852.

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