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 adopts the 2025 Financial Statements audited by PricewaterhouseCoopers Accountants N.V.. In accordance with Article 6 (2) of the State-FMO Agreement of July 1, 2023, and the current dividend policy, we propose that the AGM approve the allocation of €48.5 million net profit (2024: €297.2 million net profit) as follows: €46.5 million profit to Contractual Reserves, and a distribution of €2.0 million as a cash dividend equal to €5.01 per share A and share B.

The Supervisory Board is pleased to nominate a candidate for the position of Chair of the Audit and Risk Committee and member of the Supervisory Board. Furthermore, the General Meeting will be informed regarding the intended appointments of two new 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.