HAL Trust : Update purchase of shares Boskalis by HAL September 16, 2022

Press release

HAL

This press release is issued by HAL Holding N.V. pursuant to article 13, paragraphs 1 and 2 and article 17, paragraph 3 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft) in connection with the recommended public offer (the "Offer") by HAL Bidco B.V. (the "Offeror"), a direct wholly- owned subsidiary of HAL Investments B.V., for all the issued and outstanding ordinary shares in the capital of Koninklijke Boskalis Westminster N.V. ("Boskalis"). This press release does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities. An offer is made only by means of the offer memorandum dated 23 June 2022 (the "Offer Memorandum"). This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication or distribution would be unlawful. Capitalized terms used but not otherwise defined in this press release have the same meaning as given thereto in the Offer Memorandum.

HAL PURCHASES SHARES IN BOSKALIS

HAL announces that today the Offeror purchased a total of 39,321 Shares, representing approximately 0.03% of the issued share capital of Boskalis. Together with any Shares already owned by HAL, including Shares tendered during the Acceptance Period and Shares to which HAL is entitled (gekocht maar nog niet geleverd), this represents a total of 109,484,266 Shares or approximately 84.7% of the issued share capital of Boskalis.

The highest price per Share paid by the Offeror in a transaction conducted today was € 33.00. The details of today's transactions are stated below.

Date

Transaction

Total number

Type of shares

Volume weighted

type

of shares

average price

September 16, 2022

Purchase

39,321

Ordinary shares

€ 33.00

HAL Holding N.V.

September 16, 2022

18h00

HAL and HAL's Affiliates or entities acting in concert with HAL may, from time to time, purchase or make arrangements to purchase Shares outside of the Offer from the time the Offer was first publicly announced until the expiration of the Post-Acceptance Period, including purchases in the open market at prevailing prices or in private transactions at negotiated prices, in each case, outside of the United States and to the extent permissible under Law. Any such purchases will not be made at prices higher than the Offer Price or on terms more favorable than those offered pursuant to the Offer. Information about such purchases of Shares will be publicly disclosed, including in the United States, by means of a press release that will be made available at www.halholding.com/boskalis-offer.

HAL HOLDING N.V.

5, AVENUE DES CITRONNIERS, MC 98000 MONACO

Commercial registry Curaçao 46339

TEL: [phone] FAX: [phone]