Contract SMART tunneling project

Bunnik, Netherlands, 18 January 2006 – Wayss & Freytag Ingenieurbau – an operating company of Royal BAM Group – has confirmed its intention to end the contract for the SMART tunelling project in Kuala Lumpur, Malaysia. The client has also confirmed its intent to terminate and both parties are striving to reach a mutual agreement.

Royal BAM Group does not anticipate any overall effect on Group forecasting.

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