Royal BAM Group contacts Competition Authority

14 February 2004 13:30 - Royal BAM Group nv

Bunnik, the Netherlands, 14 February 2004 – Prompted by recent rumours concerning possible involvement of construction companies forming part of the Group in breaches of the Competition Act allegedly occurring prior to November 2001, Royal BAM Group has contacted the Netherlands Competition Authority (NMa). The Group has advised the NMa that it will lend every assistance with any inquiries conducted by the NMa in response to these rumours.

The Executive Board of Royal BAM Group has repeatedly stated on previous occasions that it deeply regrets that not all the Group's business units complied with the amended regulations implemented in 1992. The Group has for several years had in place a comprehensive and explicit code of conduct, which was recently updated in accordance with the guidelines of the industry organisation. Royal BAM Group has every confidence that the company's staff adhere strictly to that code.