Press release

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(1)p. 1/3. Press release Embargo until May 29th 2007 – 8:00 a.m. Antwerp, May 29th 2007. Quarterly trading update on the current state of affairs of the main group companies. DREDGING, ENVIRONMENTAL and CONTRACTING SERVICES DEME achieved a high level of activity, with a nearly complete occupation of its fleet. In the meantime, DEME received major new orders, amongst others in South Africa (Durban), Liberia, Guinea, France (Fos), Italy and Spain further to which the order book is currently close to EUR 2 billion. The turnover and operational results of DEME are thus evolving as expected. ALGEMENE AANNEMINGEN VAN LAERE experienced a normal course of activities with its order book filled at a very reasonable level.. REAL ESTATE AND RELATED SERVICES EXTENSA continued to work actively on several of its development projects, of which particularly the land development project in Wondelgem and also the international developments will contribute to the results for the 2007 financial year. At LEASINVEST REAL ESTATE, the degree of occupation (96.34% versus 96.97%) and rental yields (7.23% versus 7.45%) remained at a considerable level. The fair value of the real estate portfolio amounted to EUR 457 million on 31.03.2007, compared to EUR 476.3 million on 31.12.2006. This results on the one hand from positive value fluctuations in an amount of EUR 4.2 million, and on the other hand from the sale of the Extensa Square buildings in Brussels.. FINANCIAL SERVICES In the first quarter of 2007, the total assets entrusted to BANK DELEN increased to EUR 11,031 million (EUR 10,568 million on 31.12.2006). Euromoney’s award as Best Private Bank in Belgium 2007 certainly contributed to this growth. BANK J.VAN BREDA & C° enjoyed a positive development in its activities and its client base. In particular asset management and insurance investments enjoyed strong growth during the first quarter. As expected, pressure on the interest rate margin and higher commercial costs temporarily affect results.. WorldReginfo - 5e79439f-3487-4726-8923-c3268a663297. In March 2007, AvH acquired a 20% stake in the French GROUPE FINANCIERE DUVAL, which operates in the development of, and services for, real estate and residential property (tourism & elderly homes). In 2006, Groupe Duval achieved a turnover of EUR 213.6 million with an operational result (EBIT) of EUR 10.2 million. This investment represents an amount of EUR 20 million..

(2) p. 2/3. Press release Embargo until May 29th 2007 – 8:00 a.m. PRIVATE EQUITY The activities of most participations evolved favourably. In the meantime, two new investments have already been realised or announced: - SPANOGROUP: a leading player on the Belgian market for wood-based products (chipboard, laminated plates, MDF and laminate parquet) which in 2006 achieved a turnover of EUR 235 million and an EBITDA of EUR 27 million. Sofinim acquired a stake of 72.9%, next to management. - DISTRIPLUS, a new retail holding set up by Sofinim and CNP, each for 50%, will participate in: o DI, a store chain for drugstore/perfumery with 90 own stores and 42 under franchise and with a turnover of EUR 95 million. o PLANET PARFUM, the N° 2 on the Belgian market for the distribution of perfumes and cosmetics, which achieved a turnover of EUR 86 million with 68 stores. o CLUB, a Belgian distributor of books and paper articles, with 26 stores and a turnover of EUR 48 million. This transaction, which still depends on the approval of the European competition authorities, will represent an investment of EUR 66 million for Sofinim.. AvH Holding The net cash position of the AvH-group amounted to EUR 487.9 million on 31.03.2007 (compared to EUR 340.7 million on 31.12.2006). This amount includes, on the one hand, the sales proceeds of Quick (EUR 211 million), and, on the other hand, the new investments in, among others, Spanogroup and Groupe Financière Duval.. Prospects 2007. Calendar 2007 5 September 2007 22 November 2007. announcement of the semestrial results 2007 quarterly update Q3 2007. WorldReginfo - 5e79439f-3487-4726-8923-c3268a663297. Based on the operational trends of the major participations in the first quarter of 2007, the Board of Directors maintains its expectations pointing to a further strengthening of the group’s current results..

(3) p. 3/3. Press release Embargo until May 29th 2007 – 8:00 a.m. . Ackermans & van Haaren is a diversified group active in 4 key sectors: dredging, environmental and construction services (DEME, one of the largest dredging companies in the world - Algemene Aannemingen Van Laere, a leading contractor in Belgium), Real Estate and related services (Leasinvest Real Estate, a listed real-estate investment trust with real estate assets of approximately € 450 million – Extensa, an important land and real estate developer focused on Belgium and Luxemburg), private banking (Bank Delen, one of the largest independent private asset managers in Belgium – Bank J.Van Breda & C°, niche bank for entrepreneurs and liberal professions) and private equity (Sofinim, one of the largest private equity providers in Belgium, and GIB). The group concentrates on a limited number of strategic participations with an important potential for growth. Market capitalisation of AvH is over € 2.4 billion. As of March 2nd 2007, the AvH share has been included in the reference index BEL20 of Euronext Brussels.. All press releases issued by AvH and its most important group companies as well as the ‘Investor Presentation’ can also be consulted on the AvH website: www.avh.be.. For further information please contact: Luc Bertrand CEO - Chairman of the Executive Committee tel: +32.3.231.87.70 e-mail : dirsec@avh.be. WorldReginfo - 5e79439f-3487-4726-8923-c3268a663297. Jan Suykens Member of the Executive Committee tel: +32.3.897.92.36 e-mail : dirsec@avh.be.

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