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.

34.99%

Sprucegrove Investment Management Limited

5.58%

BlackRock, Inc. 4.38%

Marathon Asset Management

3.77%

Oppenheimer funds, Inc.

3.15%

as per 31 December 2015, supplemented by information from AFM register Substantial Holdings.

Besides these large shareholders, an estimated 15% of stock is held by shareholders in the United Kingdom, 13% in the United States and Canada and the remainder in mainly in Norway, France, Hongkong and Germany.

The total number of shares outstanding per 30 June 2016 is 130,076,852.

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