SIFG Sif Holding NV

Roermond, the Netherlands, 31 January 2019. After meeting the relevant criteria for three consecutive years, Sif Holding N.V. will become subject to the large company regime (volledig structuurregime) as from 1 February 2019.

The large company regime allows employees to have a say in the appointment of supervisory board members and certain power is shifted to the supervisory board in accordance with the Dutch Civil Code.

The applicability of the large company regime amongst others entails the following:

• the supervisory board will have the power to appoint executive board members;
• the supervisory board members shall be appointed by the general meeting on the basis of a binding nomination drawn up by the supervisory board;
• both the general meeting and the works council have the right to recommend candidates to the supervisory board for the nomination;

Dutch law requires that a large company conforms its articles of association to the rules applicable to large companies. The articles of association of Sif Holding N.V. already allow for the consequences of Sif Holding N.V. becoming subject to the large company regime. The articles of association that apply as from 1 February 2019 are available on the company's website and as an attachment to this press release.

For further information, please contact:

Sif Holding N.V.

Fons van Lith
telephone +31 (0)475 385 777
mobile       +31 (0)6 5131 4952
e-mail    f.vanlith@sif-group.com

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