Subordinated convertible bonds, 27 April 2005, Fugro N.V.

The conditions of the convertible bond are:

Description Value Size Euro 125 million Term 5 years Redemption date 20 April 2010 Interest coupon 2.375% Conversion price Euro 24.25* Conversion rate 33% Call feature 3 years, 130% Maximum shares issue 5,154,640

The bonds are convertible into depositary receipts of shares and have been admitted to the Official Segment of the Stock Market of Amsterdam Exchanges N.V.

* after the share split (4:1) of June 20th 2005