Appointments at BAM Woningbouw, Ascon and BAM Wegen

nnik, Netherlands, 21 December 2004 – The Executive Board of Royal BAM Group nv has appointed J.H.A. Vaags chairman of the management of BAM Woningbouw bv in Bunnik with effect from 1 January 2005.

Ton Vaags (43) is currently director of BAM Woningbouw. He will succeed L. Dragt, who will retire with effect from 1 June 2005. From 1 January 2005 the management of BAM Woningbouw will consist of J.H.A. Vaags, M.J.S.A. Broos, D.J. Boonstra and L. Dragt.

The Executive Board has appointed L.F. Harmon director of Ascon Contractors Ltd with effect from 1 January 2005. Leo Harmon (51) has been employed by Ascon since 1975 and is currently deputy managing director of the building division. From the same date the management of Ascon will consist of J.B. Barrett, B.G. Murphy, T.M. Cullinane and L.F. Harmon.

The Executive Board also has the intention to appoint B.J. Wierenga chairman of the management of BAM Wegen bv in Utrecht with effect from 1 May 2005. Jan Wierenga (48) has been employed by BAM since 1992 and is currently director of BAM Civiel. At BAM Wegen he will succeed J. Rossing, who will retire with effect from the same date. The management of BAM Wegen will consist of B.J. Wierenga, W. Konings and A. Rongen as of 1 May 2005. The management of BAM Civiel will consist of W.R. Remmelts and P.L.C.A. Koolen as of the same date.

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