Proposals and recommendations to the Annual General Meeting of Shareholders (AGM) 

Having stated all of the above, the Supervisory Board endorses the report of the Management Board. We propose that the AGM adopt the 2024 Financial Statements audited by EY Accountants B.V. In accordance with Article 6 (2) of the State-FMO Agreement of 1 July 2023, and the current dividend policy, we propose that the AGM approve the allocation of €297.2 million net profit (2023: €64.9 million net profit) as follows: €286.6 million profit to Contractual Reserves, and a distribution of €10.6 million as a cash dividend equal to €26.48 per share A and share B.

The Supervisory Board is pleased to nominate a candidate for the position of Chair of the Supervisory Board. Furthermore, the General Meeting will be informed regarding the reappointments of two Management Board members.

We trust that the AGM will discharge the Management Board for its management of FMO and the Supervisory Board for its supervision during the reporting year.