composition_of_the_managing

Composition of the Managing Board

During the financial year 2008, the Managing Board was composed of the following four members, who are also members of the Managing Board of NIBC Holding. At 30 January 2008, Michael Enthoven and Jurgen Stegmann offered to the Supervisory Board to step down from their respective positions. The Supervisory Board accepted their resignation and rendered their thanks for the important role they both played in the transformation of NIBC from 2002 onwards. Jan Sijbrand, took over the responsibilities of Jurgen Stegmann as per 22 February 2008. Michael Enthoven remained in function until 20 March 2008 and was succeeded by Jan van Nieuwenhuizen ad interim. Jeroen Drost was appointed to the position of Chairman and CEO as per 1 May 2008.

Name	Year of Birth	Position	Membership since 1	End of Term 2

Mr. J.P. Drost	1961	Chairman and Chief Executive Officer	2008	2012
Mr. J.L. van Nieuwenhuizen	1961	Vice-Chairman	2004	2011
Mr. C. van Dijkhuizen	1955	Chief Financial Officer	2005	2010
Mr. J. Sijbrand	1954	Chief Risk Officer	2008	2012
The indicated dates refer to their appointment and do not refer to the official approval by the Dutch Central Bank. The indicated dates are the dates until which the appointment as statutory director runs and do not refer to the expiration of the employment contracts.