UTRECHT, 26 October 2011 – Today, Strukton Groep NV (Strukton) and DIF Infrastructure II (DIF) signed an agreement in principle for the transfer of 80% of Strukton’s shareholdings in six PPP projects.

The intended transaction still requires various approvals from financiers, customers and shareholders. Once the required approvals have been obtained, the transaction will be finalised. It is expected that the transaction will be completed before the end of 2011.

The agreement covers the following PPP projects:

• Kromhout Barracks in Utrecht
• Offices for the Education Executive Agency and Regional Tax Office in Groningen
• Montaigne Lyceum in The Hague
• Offices for the Ministry of Finance in The Hague
• The Harnaschpolder/Houtrust wastewater purification system in Den Hoom and Scheveningen
• The Maasvlakte-Vaanplein section of the A15 motorway

These projects represent a total value of approximately €2.3 billion with PPP contracts running for 20 to 28 years post construction completion. Strukton's current commitment to these six projects is €29.5 million, including future commitments to make payments on the subordinated loans. The aim of this transaction is to transfer 80% of the shareholdings in this portfolio to DIF.

The operating company Strukton Integrale Projecten will remain responsible for the day-to-day management of these interests. Because of the continuing Strukton presence, these interests will continue to be recorded on a proportional basis in the consolidated statements, but the (non-recourse) debts will drop from €175.1 million to €58.2 million (as per the six monthly figures for mid 2011).

Raymond Steenvoorden of the Strukton Group Board commented about the transaction: “We remain fully committed to the PPP market. This is – and remains – an important market for Strukton, one in which the knowledge we have about integral design, life-cycle costing and SPC management makes us stand out from the crowd. We can use our knowledge and experience of DBFM and DBFMO to create the best possible solutions for our customers. This sale to DIF is strategically important for Strukton because it lets us release capital that 2 will allow us to continue to play a leading role in future PPP projects as a provider of equity. One reason we chose DIF was the leading role that it has as an infrastructure investor. Apart from our minority interest, we will remain actively involved operationally during the construction and commercial operation phases of these projects. We complement each other well.”

Wim Blaasse, managing partner of DIF stated: “This transaction gives DIF the opportunity to invest in a portfolio of six PPP projects in the Netherlands that will generate a stable cash flow for our investors. At the same time, it gives us the opportunity to work together on these projects with one of the leading PPP developers in the Netherlands and this transaction confirms our reputation as one of the leading infrastructure investors in Western Europe.”