Based on Fugro’s current share price, which currently trades well above the conversion price of € 23.81*, holders of Convertible Bonds are expected to opt for conversion instead of redemption of their Convertible Bonds. Conversion is still possible up to the close of business on Wednesday 25 June 2008. Meanwhile the majority of the Convertible Bonds has already been converted. The aggregate principal amount of Convertible Bonds outstanding is € 5,274,000.
*Following the distribution by Fugro of a dividend of € 1.25 per depositary receipt for a share on 30 May 2008, the conversion price of the Convertible Bonds has been adjusted as per 30 May 2008 from € 24.25 to € 23.81. The adjusted conversion price applies to all conversions from this date.