Vopak merger document available today · Profit forecast Vopak 1999 unchanged


11 October 1999


JOINT PRESS RELEASE
Royal Pakhoed and Royal Van Ommeren hereby announce that the merger document, also introduction document, is available at both Corporate Offices as of today.

The Extraordinary General Meetings of Shareholders of Pakhoed and Van Ommeren will be held on 1 and 2 November 1999 respectively. The notarial deed of merger is expected to be executed on 3 November 1999. The company will bear the name Royal Vopak and is expected to be listed for the first time on the Amsterdam Exchanges on 4 November 1999.

Fully in line with the announcements made by Pakhoed and Van Ommeren in August this year, Vopak’s profit on ordinary activities after taxation for 1999 as a whole is expected to be 5 to 10% lower than in 1998 (which, pro forma combined, amounted to EUR 176 million).