BinckBank N.V. shares

Dividend policy

BinckBank's articles of association prescribe that, if and to the extent that the profit permits, a dividend will first be paid on the priority shares equal to 6% of their nominal value (50 x € 0.10 x 6%). The holder of the priority shares 'Stichting Prioriteit Binck' will then determine what part of the remaining profit is to be retained. That sum is not distributed to the shareholders, but is added to the company's reserves.

The profit remaining after the appropriation to reserves by the priority shareholder is placed at the disposal of the General Meeting of Shareholders, which can choose whether to distribute the remaining profit, add it to reserves or a combination of the two. With due observance of the provisions of BinckBank N.V.'s articles of association, dividends may be paid in ordinary shares instead of cash.

The company may not place an amount of profit at the disposal of the General Meeting of Shareholders unless it considers that its capital is adequate. If, with due observance of the foregoing, an amount of profit is placed at the disposal of the General Meeting of Shareholders, the priority shareholder will use its best endeavours to ensure a pay-out ratio of 50% of the adjusted net profit.