BAM is informing investors about press release AM

Bunnik, Netherlands, 13 December 2006 – Royal BAM Group nv announces that AM nv (in which BAM holds an interest of 51%) has published a press release today, informing that AM expects to reach agreement on the acquisition of De Wilgen Vastgoed. De Wilgen Vastgoed specialises in the development of real estate projects in inner-city areas in the Randstad conurbation in general and the province of Zuid-Holland in particular. De Wilgen Vastgoed, Rotterdam, has a development portfolio of around 2,000 houses and apartments and 50,000 m² of commercial property.

For the complete press release BAM refers to

As known, property developer AM operates independently and with its own identity at arm's length from BAM.

Royal BAM Group is expecting that the proposed acquisition will not materially affect the results of BAM.

Further information: A.C. Pronk, + 31 (0)30 659 86 21.