Fugro announces timetable for converting certificates into ordinary shares

Within the framework of its refinancing in 2020, Fugro declared its intention to terminate the certification of its ordinary shares. The conversion is the final step in abolishing the certification of the Fugro ordinary shares and follows the April 2021 AGM's approval of the amendment of Fugro’s articles of association required to implement the conversion. The Board of Stichting Administratiekantoor Fugro has also resolved to terminate the certification of Fugro ordinary shares in accordance with the below timetable. The termination of the certification will lead to a further simplification of Fugro's governance structure, resulting in full compliance with the principles of the Dutch corporate governance code.

The conversion will not lead to any interruption of trading in Fugro’s securities. The timetable below sets forth the expected dates regarding the conversion and trading in Fugro's securities.

Barclays Bank Ireland PLC is regulated by the Central Bank of Ireland. ING Bank N.V., Coöperatieve Rabobank U.A. and ABN AMRO Bank N.V. are regulated by the Dutch Central Bank (De Nederlandsche Bank). BNP Paribas is lead supervised by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (and its London Branch is authorised by the ECB, the ACPR and the United Kingdom Prudential Regulation Authority (the “PRA”) and subject to limited regulation by the Financial Conduct Authority (the “FCA”) and the PRA, Credit Suisse Securities, Sociedad de Valores, S.A. is authorised and regulated by the Comisión Nacional del Mercado de Valores and HSBC Bank plc is regulated by the FCA and the PRA. The Joint Global Coordinators and the Joint Bookrunners are acting exclusively for Fugro and no one else in connection with the equity offering or any other matters referred to in this announcement. The Joint Global Coordinators and the Joint Bookrunners will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the equity offering or any other matters referred to in this announcement and will not be responsible to anyone other than Fugro for providing the protections afforded to their respective clients or for the giving of advice in relation to the contents of this announcement the equity offering or any transaction, matter, or arrangement referred to in this announcement.

Fugro certificates will for one single day, 25 May 2021, trade under the Euronext symbol FURT. Trading in ordinary shares will resume under  the Euronext symbol, FUR as of 26 May 2021; the ISIN code will change to NL00150003E1.

For those investors who hold registered ordinary shares, the conversion will not result in a change to their position.

The related changes to the articles of association will also be implemented on 27 May 2021.

Subject to approval of the AFM, a prospectus regarding the listing of the ordinary shares is expected to be made available free of charge as required by applicable securities law regulations on 26 May 2021 via https://www.fugro.com/about-fugro/corporate-governance/protective-measures