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Amsterdam, 19 May 2008 Press Release ORANJE-NASSAU COMPLETES ACQUISITION OF OIL AND GAS ASSETS OFFSHORE GABON Oranje-Nassau Energie B.V., a subsidiary of Oranje-Nassau Groep B.V., has completed the acquisition of all of Devon's interests offshore Gabon, West Africa. On 14 May the Gabonese government approved the transaction. The acquisition price, effective 1 July 2007, amounted to $ 206 million. The main asset consists of Devon's interest of 18.8% in the Kowe block containing the Tchatamba oil field complex with three producing fields, operated by Marathon. The fields are expected to add some 3,750 barrels of oil per day to Oranje-Nassau's net production. The other assets consist of an interest of 50% in the exploration block Agali, operated by Anadarko, and an option to earn an interest of 53% in a portion of the exploration block Gryphon Marin, operated by Forest Oil. Managing Director René Mulder said: "We are very pleased that we have been able to conclude this transaction, which also marks our return to Africa. By this acquisition we add a package of high quality assets to our portfolio. We hope to continue the excellent relations Devon had with the Government, the operators Marathon, Anadarko and Forrest and of course the partners. At present Oranje-Nassau produces oil and gas from blocks located offshore the Netherlands and the United Kingdom. Oranje-Nassau will continue to actively pursue other opportunities to grow its asset base both in Western Europe, as well as in Africa and the Far East. Profile Oranje-Nassau Groep B.V is an international investment company with interests in energy and private equity. It is a wholly-owned subsidiary of Wendel, a French listed investment company, one of the most important in Europe. Wendel acquired the founder shares of the Group in 1908. The roots of Oranje-Nassau lie in N.V. Maatschappij tot Exploitatie van Limburgsche Steenkolen-mijnen, which had been granted the concession for the mining of coal deposits in 1893. The mining activities ended in 1974 when the last of the four coal mines of Oranje-Nassau was closed. For further information please contact: Drs. L.A.P. (René) Mulder, Managing Director Tel.: +31 20 56 77 111/166, fax: +31 20 56 77 122 Mobile: +31 6 502 44 333, e-mail: mulder@oranje-nassau.com Amsterdam, 15 May 2008 PRESS RELEASE ANNUAL REPORT 2007 In 2007 Oranje-Nassau Groep realized a net profit after tax of € 202 million against € 145 million in 2006. This increase was partially attributable to the sale of the real estate division following a strategic reorientation. The sale resulted in a gain of € 50 million. The Group is now fully focused on investments in the divisions energy and private equity. The contribution to the net profit of the Group from these divisions arrived at € 62 and € 85 million, respectively. The combined investments of both sectors amounted to € 733 million against € 16 million in 2006 with an accompanying cash flow of € 254 million opposed to € 187 million in 2006. The energy division realized a record net sales figure of € 241 million against € 229 million in 2006. The production increased with 8% to around 15.000 barrels of oil equivalent, mainly as a result of the contribution from the Buzzard oil field on the British part of the continental shelf. This field commenced production in January of 2007. The net profit contribution of the division decreased from € 83 million in 2006 to € 62 million in 2007. This decrease is due to higher operating costs and depreciation charges. Furthermore, no divestments could be recorded. At the end of 2007 agreement was reached with Devon to acquire all of its oil and gas assets offshore Gabon for an amount of $ 206 million. The most important asset concerns Devon's interest of 18.8% in the producing Tchatamba oil field complex, besides two 50%-interests in two exploration blocks. The transaction is subject to the approval of the Gabonese authorities. In addition agreement was reached on the sale of half of the interest of 18.2% in the Janice oil field on the British part of the continental shelf. This transaction was completed in the beginning of this year. The revenues of the private equity division amounted to € 96 million compared with € 61 million in 2006. The net profit contribution increased from € 54 million in 2006 to € 94 million in 2007. The investments of the division arrived at € 705 million against € 63 million in 2006, and comprise in particular the exchange of shares within the Wendel group. By means of this exchange, the interests in AVR, Deutsch, Materis en Stahl increased. The company Van Gansewinkel was acquired by the waste disposal company AVR. Oranje-Nassau Groep is part of the French investment group Wendel, which is quoted on the Paris stock exchange. For further information please contact: Mr. Dirk-Jan van Ommeren, chairman of the board Tel. +31 20 56 77 102, fax +31 20 56 77 170, e-mail ommeren@oranje-nassau.com Amsterdam, 12 November 2007 ORANJE-NASSAU REACHES AGREEMENT TO ACQUIRE DEVON ENERGY'S INTERESTS LOCATED OFFSHORE GABON Oranje-Nassau Energie B.V., a subsidiary of Oranje-Nassau Groep B.V. (Wendel Group), has reached agreement with Devon Energy International Ltd. to acquire all of Devon's interests located offshore Gabon, West Africa. The acquisition price amounts to $ 205.5 million. The main asset consists of Devon's interest of 18.8% in the Kowe block containing the Tchatamba oil field complex with three producing fields, operated by Marathon. The fields are expected to add some 3,750 barrels of oil per day to Oranje-Nassau's net production of about 14,500 barrels of oil equivalent per day at year-end 2007. The other assets consist of an interest of 50% in the exploration block Agali, operated by Anadarko, and an option to earn an interest of 53% in a portion of the exploration block Gryphon Marin, operated by Forest Oil. The acquisition is subject to the appropriate approvals of the Gabonese government. Managing Director René Mulder said: "The acquisition of these quality assets perfectly fits the strategy of Oranje-Nassau. It not only expands our portfolio of oil and gas assets, but it also diversifies our business geographically. For Oranje-Nassau it would also mark a return to Africa where we had been active for many years in countries such as Tunisia, Algeria and Congo (Brazzaville). We hope to be able to close the acquisition prior to year end." At present Oranje-Nassau produces oil and gas from blocks located offshore the Netherlands and the United Kingdom. Oranje-Nassau will continue to actively pursue other opportunities to grow its asset base both in Western Europe, as well as in Africa and the Far East. This new investment which follows Oranje-Nassau's announcement of the disposal of its Real Estate portfolio, is in line with its decision to focus on the upstream oil and gas sector and private equity. Profile Oranje-Nassau Groep B.V. ('the Group') is an international investment company with interests in energy and private equity. It is a wholly-owned subsidiary of Wendel, a French listed investment company, one of the most important ones in Europe. Wendel acquired the founders' shares of the Group in 1908. The roots of Oranje-Nassau lie in N.V. Maatschappij tot Exploitatie van Limburgsche Steenkolenmijnen, which had been granted the concession for the mining of coal deposits in 1893. The mining activities ended in 1974 when the last of the four coal mines of Oranje-Nassau was closed. For further information contact: Drs. L.A.P. (René) Mulder Managing Director Tel.: +31 20 56 77 117/166 Fax: +31 20 56 77 122 Mobile: + 31 6 502 44 333 Amsterdam, 15 October 2007 ORANJE-NASSAU GROEP SELLS REAL ESTATE ASSETS Oranje-Nassau Groep B.V. and a consortium of real estate investors related to White Estate and NIBC reached an agreement regarding the disposal of OGON, the subsidiary owning all Oranje-Nassau's real estate assets. It comprises offices and industrial spaces in the Netherlands, Germany and Belgium (67,000 m2). This disposal is in line with the strategy of Oranje-Nassau to focus solely on the expansion of its investments in the upstream sector of oil and gas, and in private equity. Dirk-Jan van Ommeren, chairman of Oranje-Nassau said "we are very happy about the successful exit of our real estate activity. We have realized significant gains on the sale taking profit of the strong real estate market conditions". Oranje-Nassau is a fully-own subsidiary of Wendel, a French listed investment company, one of the most important in Europe. The roots of the Oranje-Nassau lie in the N.V. Maatschappij tot Exploitatie van Limburgsche Steenkolenmijnen, which was granted the concession for exploitation of coal deposits in 1893. Wendel acquired the founders' shares in 1908. For further information: Drs. D.J. van Ommeren, chairman, phone +31 (0)20 56 77 102.
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