Press release subsequent to the General Shareholders' Meeting of Roto Smeets Group NV held on 11 May 2011

Following today's Annual General Meeting of Shareholders of Roto Smeets NV Group (RSG) the company informs as follows:

The meeting adopted the following resolutions:

•The 2010 annual accounts were approved;
•During the discussion of the agenda item concerning the grant of discharge to the Management Board, the Chairman indicated that under the termination agreement drawn up to regulate Mr Caris’s early retirement he had been fully discharged. Since any refusal to grant discharge would therefore only affect the one remaining member of the board, viz., Mr. B.J.W. van der Heijden – whose dismissal will be the subject of an extraordinary shareholders’ meeting on 25May – it was decided to postpone the vote on this point until a subsequent (extraordinary) shareholders’ meeting;
•Mr J.H.M. Rijper, Director of Wagram Equity Partners, is appointed as a member of the Supervisory Board;
•The amended remuneration policy was approved;
•It was proposed and accepted that up to and including 31 December 2012, the Management Board is, after approval has been granted by the Supervisory Board, authorised to issue shares, to authorise the right to take shares, and to restrict or exclude rights of preference. Also, the Board of Directors is authorized for a period of 18 months to acquire the company's own shares or depositary receipts.

Deventer, 11 May 2011

Roto Smeets Group NV

Supervisory Board