TKH Trust Office Foundation

The objective of the Stichting Administratiekantoor TKH Group (TKH Trust Office Foundation) is to acquire and administer registered shares of TKH and to hold them for management in exchange for issuing exchangeable bearer depositary receipts forshares. The Foundation must exercise the rights attached to the shares in such a way that the interests of the companies, their businesses and all the stakeholders are safeguarded as effectively as possible. The administrator of the Foundation is IQ EQ Financial Services B.V. in Amsterdam.

Vacancy Board Stichting Administratiekantoor TKH Group

(TKH Trust Office Foundation)

The board of Stichting Administratiekantoor TKH Group (TKH Trust Office Foundation; “Foundation”) informs the holders of depositary receipts of shares of TKH Group NV ("TKH") about the vacancy on its board as at 30 June 2022. The vacancy on the board arises because Mr. H.L.J. (Harrie) Noy will retire as board member by 30 June 2022 according to the rotation schedule of the Foundation and Mr. Noy has indicated that he is not available for reappointment.

The board of the Foundation gives the holders of depositary receipts of shares the opportunity to provide names of potential candidates. The Foundation is looking for a candidate who meets the established profile of the Foundation and who is willing to unconditionally endorse the objective of the Foundation and to serve the purpose of the Foundation independently. The candidate must have administrative, financial and/or legal experience and knowledge, must have experience in (international) entrepreneurship on a scale that is comparable to TKH, experience in or with listed companies and must have a sense of social relationships. The full profile can be downloaded on the website of the Foundation.

In the absence of another suitable candidate, the board intends to appoint Mr. C.M. (Michiel) Jaski to be appointed as a board member, with effect from 1 July 2022 for a period of four years. In the opinion of the other board members, Mr. Jaski pre-eminently meets the requirements set for this position and the aforementioned profile. In the context of governance, Mr. Jaski represents the interests of all stakeholders, and in particular those of the holders of depositary receipts of shares, in an objective and professional manner. The Board of the Foundation have also established that Mr. Jaski ​​has administrative and financial knowledge and expertise. As a former board member and CEO of large listed companies, Mr. Jaski has extensive experience with the organization of an internationally operating company such as TKH. Mr. Jaski ​​meets the requirements of independence, as determined in the articles of association of the Foundation. On the Foundation's website, you can consult the curriculum vitae and overview of Mr. Jaski’s positions. The board also intends to appoint Mr. G.W.Ch. (Gerbrand) Visser, currently board member of the Foundation, to be appointed as chairman, with effect from 1 July 2022 for a period of three years corresponding to the end of his second term of appointment.

Holders of depositary receipts of shares who wish to provide a candidate's name within the defined profile are invited to send a written and motivated message to the board of the Foundation by email (stak@tkhgroup.com), no later than 28 February 2022.

Haaksbergen, January 2022

Stichting Administratiekantoor TKH Group

(TKH Trust Office Foundation)

The Board