Increase by 37.6% of the consolidated profit to € 122.6 million, thanks to strong operational results of the participations.

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(1)Embargo until September 5th 2007 – 7.30 a.m. Antwerp, September 5th 2007. Increase by 37.6% of the consolidated profit to € 122.6 million, thanks to strong operational results of the participations.. CONTRACTING D.E.M.E. Algemene Aannemingen Van Laere N.M.P. Subtotal. 30.06.2007 (€ million) IFRS. 30.06.2006 (€ million) IFRS. 20.5 2.2 3.5 26.2. 12.1 2.1 1.0 15.2. 0.2 5.1 0.2 5.5. 17.3 4.3 0.1 21.7. FINANCIAL SERVICES Finaxis (Bank Delen-Bank J.Van Breda & C°) BDM – ASCO Subtotal. 22.1 0.8 22.9. 21.5 _0.9 22.4. PRIVATE EQUITY Sofinim Contributions participations of Sofinim Capital gains Private Equity Contributions participations of GIB Subtotal. 7.4 19.8 0.0 1.8 29.0. 0.9 5.2 2.8 5.2 14.1. Result of the participations. 83.6. AvH and subholdings Other companies (mainly GIB/Sipef) Other ‘non-recurrent’ results. 13.2 25.6 0.2. REAL ESTATE & RELATED SERVICES Extensa Leasinvest Real Estate Cobelguard Subtotal. CONSOLIDATED NET PROFIT. 122.6. +14.0%. 73.4 2.2 -0.1 13.6. +37.6%. 89.1. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. Breakdown of the consolidated net profit (part of the group).

(2) Embargo until September 5th 2007 – 7.30 a.m. Key figures per share Number of shares Consolidated net profit per share (*) - basic - diluted. 30.06.2007 33,496,904 3.69 3.68. 30.06.2006 33,496,904 2.67 2.67. (*) based on 33,225,104 shares adjusted for treasury shares in portfolio. Consolidated balance sheet AvH group. Equity (part of the group) Net cash position. 30.06.2007 (€ million) IFRS 1,480.0 423.0. 31.12.2006 (€ million) IFRS 1,423.7 552.0. (*). (*) including € 211 million coming from the sale of the interest in Quick which has been received in January 2007. General comments on the consolidated accounts as of 30.06.2007 The most important changes in the consolidation scope as of 30.06.2007 being the following: - newly acquired shareholding of Sofinim in Spano (72.92%); - first consolidation of Sipef (18.80%), joint-control as a result of shareholders’ agreement between AvH and the Bracht family; - increase of the participation of Sofinim in Egemin (24.64% to 28.91%), UBF (41.15% to 47.17%) and Alural (26.25% to 60.00%).. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. Participations acquired during 2007 in Groupe Financière Duval, Manuchar, Distriplus and Capital & Finance will only contribute to the group results as from the second semester 2007..

(3) Embargo until September 5th 2007 – 7.30 a.m. Comments relating to the most important group companies DREDGING, ENVIRONMENTAL AND CONSTRUCTION SERVICES Based on the nearly full utilization of the fleet, DEME realised an increase in turnover as of 30.06.2007 of almost 10% to € 547.1 million (compared to € 503.4 million as of 30.06.2006). As of 30.06.2007, the order book totalled € 1,811 million (compared to € 1,601 million as of 31.12.2006), partly due to a wide-ranging portfolio of new projects in India (Godavari), Qatar, the United Arab Emirates (Ruwais, Ras Al Khaimah), South Africa (Durban), France (Fos), Liberia, Guinea, Ghana, Italy, Spain, Russia, Australia, etc. Net profit showed a significant increase (+70%) from € 24.1 million as of 30.06.2006 to € 40.9 million as of 30.06.2007. The underlying operational cashflow (EBITDA) increased from € 82.0 million as of 30.06.2006 to € 119.3 million as of 30.06.2007. These favourable developments in the results are entirely attributable to the excellent operational course of business and were, hardly influenced by exceptional results. In the 1st semester of 2007, the new trailing suction hopper dredger Reynaert (5,600 m³) went into service and the Brabo (11,650 m³) was launched. Once the Breydel (9,000 m³) has been delivered in spring 2008, DEME will have put 1 large seagoing cutter (d’Artagnan, 28,000 kW) and 4 trailing suction hopper dredgers (total capacity increased by 32,000 m³ to 165,000 m³, i.e. +25%) into service since the start of the fleet renewal programme in 2005. Based on a continuing strong order book, DEME expects the trend of the 1st semester 2007 to continue for the whole year of 2007. ALGEMENE AANEMINGEN VAN LAERE realised a fine result for the 1st semester 2007 of € 2.2 million (€ 2.1 million as of 30.06.2006), amongst others, by the completion of the car park project in Knokke. Van Laere was able to keep its order book on track thanks to new contracts in Beveren, Luxembourg, Diegem, Kortrijk and Antwerp.. REAL ESTATE & RELATED SERVICES The contribution of real estate development activities from EXTENSA were limited, as of 30.06.2007, to € 0.2 million (€ 17.3 million as of 30.06.2006, significantly influenced by an exceptional capital gain and the “fair value” valuation of the Tour & Taxis-building.) Extensa expects a strong 2nd half year 2007, partly thanks to the revenue from the sale of land in Belgium and the sale of the first project in Romania. In the meantime, Extensa continues the development of sites in Brussels (T&T), for which a first principle agreement has been concluded with the local authorities, and in Luxembourg (Cloche d’Or). Meanwhile, in Istanbul, Turkey, in collaboration with local partners (Extensa share 50%), a site of 5,000 m² has been purchased with a view to residential / retail development. In Trnava, Slovakia, a 50% share has been acquired in a local development company which has over 40 hectares of land at its disposal, with licences for logistic / retail activities. The real estate investment trust LRE has seen a good half-year, partly thanks to the positive changes in fair value within the real estate portfolio and a capital gain (€ 2.2 million) on the sale of 2 office buildings (“Extensa Square”) in Brussels. The increase in the result as of 30.06.2007 to € 17.8 million compared to € 11.8 million as of 30.06.2006 is partly attributable to the contribution to the results of the acquired Extensa portfolio and the acquisition of Leasinvest Immolux which was. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. N.M.P. realised a good half-yearly result, amongst others by a capital gain (€ 2.4 million) on the sale of the 50% participation in P.A.L.L..

(4) Embargo until September 5th 2007 – 7.30 a.m. not yet included for a complete period as of 30.06.2006. The fair value of the real estate portfolio totalled € 445.9 million as of 30.06.2007 and is made up of 50 buildings in use with a total surface area of 266,247 m², of which 38 buildings are in Belgium and 12 in Luxembourg. The rental yield amounted to 7.22% and the occupancy rate corresponds to a very solid percentage of 97.01%. As of 30.06.2007, COBELGUARD (AvH 40%) showed an increase in turnover of 24% to almost € 18 million for a net result of € 0.8 million. Cobelguard realised a number of commercial successes and continues to work on expanding the services it can offer. In March 2007, AvH acquired a 20% share (with an option to 30%) in the French GROUPE FINANCIERE DUVAL, active in the development of services relating to real estate and residences (tourism and elderly homes). In 2006, Groupe Duval realised a turnover of € 213.6 million and an operational result (EBIT) of € 10.2 million. This investment represents an amount of € 20 million.. The figures do not yet take into account the acquisition of the independent asset management company “Capital & Finance” (Capfi), which, as of 30.06.2007, had € 2,729 million in assets under management. As a result of this collaboration with Capfi, Bank Delen significantly increases its presence in the Brussels and Walloon markets. Capfi will be 100% consolidated from 1st August 2007. Notwithstanding the reinforcement of its commercial organisation the cost/income ratio still remained at a competitive 45.8%. Bank Delen’s equity amounted to € 167 million as of 30.06.2007 (€ 149 million as of 31.12.2006). In view of the acquisition of Capfi, the equity was strengthened by € 60 million. Depending on the evolution of the financial markets, Bank Delen expects for the full year 2007 to be able to confirm the increase of its results. In the 1st semester of 2007, BANK J.Van BREDA & C° achieved a strong commercial performance. The volume of off-balance sheet investments rose by € 271 million to € 2,688 million (€ 2,417 million as of 31.12.2006). The volume of corporate loans rose to € 1,553 million (€ 1,505 million as of 31.12.2006). However, the net profit decreased from € 13.6 million as of 30.06.2006 to € 11.3 million as of 30.06.2007. This decrease mainly is due to an increase in costs as a result of investments to reinforce commercial organisation and an increase of the provisions for credit losses (€ 1.5 million compared to € 0.4 million as of 30.06.2006). The cost/income ratio increased temporarily to 57.8%. Revenues remained more or less stable, with the decrease of interest income as a result of the unfavourable interest climate (which, in the first half of 2006, had not yet occurred to the same extent) being largely offset by an increase of the fee income. The equity of Bank J. Van Breda amounts to € 218 million as of 30.06.2007.. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. FINANCIAL SERVICES In a rather positive stock exchange climate in the 1st semester of 2007, BANK DELEN realised an increase of 17% in its net result to € 18.4 million (€ 15.7 million as of 30.06.2006). The assets under management amounted to € 12,540 million as of 30.06.2007 (compared to € 10,568 million as of 31.12.2006) or € 9,491 million without taking into account its private investment funds placed by Bank Delen with its own clients (€ 8,416 million as of 31.12.2006). The recognition that Bank Delen received as a result of being chosen by Euromoney as “Belgium’s Best Private Bank 2007” certainly contributed to a strong increase in new assets which, in the 1st half-year, exceeded the increase of the previous, entire financial years..

(5) Embargo until September 5th 2007 – 7.30 a.m. Notwithstanding the underlying strong commercial results, the resulting investments and the unfavourable interest rate climate in the current, volatile financial markets will probably not enable Bank J. Van Breda to match, for the entire financial year 2007, the net result of 2006.. PRIVATE EQUITY The contribution of the Private Equity sector rose strongly to € 29 million (compared to 14.1 million as of 30.06.2006). The result of Sofinim itself was influenced positively in an amount of € 7.6 million by a capital gain on the sale of 617,676 Telenet shares (as a result of the reference shareholder Liberty exercising a call option). In the Private Equity participations particularly noteworthy are the improvements in the results of Atenor, Cindu and Hertel. The disappearance of the Quick contribution was more than compensated for by the first contributions from Spano, Turbo’s Hoet, Oleon Biodiesel and Trasys. In the first half of 2007, no divestments were realised upon which capital gains could be recorded. The announced sale of the interest in Corn Van Loocke to Umicore will only take place in the 3rd quarter of 2007.. This investment amount does not yet take into account the 50% investment in DISTRIPLUS which encompasses the specialised distribution chains Club (26 stores), Planet Parfum (68 stores) and Di (90 own stores + 42 franchises). These chains realised a collective turnover of € 229 million in 2006. In July 2007, Sofinim paid a total of € 66 million for its 50% share participation. The adjusted net asset value of the Private Equity portfolio, including unrealised capital gains on the listed shares held by Sofinim and on Flo, amounts to € 483 million as of 30.06.2007 (compared to € 632 million as of 31.12.2006, at that moment still including Quick for € 211 million).. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. Within Private Equity, € 90.5 million in investments were realised in the first half of 2007, of which € 18.9 million follow-up investments and € 71.6 million new investments: - in January 2007, Sofinim acquired a share of 72.9% in the SPANO-Group. With a turnover (2006) of € 236 million and an operational cash-flow (EBITDA 2006) of € 28 million, Spano is a leading player in the Belgian wood products market (chipboard, laminated boards, MDF and laminated parquet); - in June 2007, Sofinim acquired a participation of 6.12% in IRIS, on the occasion of a capital increase of € 10 million, on which Sofinim has signed in for € 5 million. Iris is an important European player in optical character recognition (OCR), intelligent document recognition (IDR) and document management. In 2006 Iris realised a turnover of € 82 million and an EBITDA of € 6.7 million; - in June 2007, Sofinim acquired a share participation of 20% (with an option to 30%) in MANUCHAR. Manuchar is an active player in the trade/logistics of chemicals, wood and steel, through a network spread across more than 25 countries in Latin America, Africa, the Middle East and Asia. In 2006, Manuchar realised a turnover of € 469 million and an EBITDA of € 24 million..

(6) Embargo until September 5th 2007 – 7.30 a.m. AvH & subholdings The contribution from AvH & subholdings increased substantially to € 38.8 million (compared to € 2.1 million as of 30.06.2006). On the one hand, a capital gain of € 9.5 million was realised on the sale of 100,000 KBC shares and Agridec shares. On the other hand, € 19 million reversed on the GIB provision as the guarantee periods have expired. In this section, also the first consolidation contribution from Sipef (€ 3.1 million) is included. As a result of the joint-control situation brought about by the shareholders’ agreement between the Bracht family and AvH, henceforth, the equity method will be applied.. Consolidated balance sheet of AvH The net cash position of AvH on 30.06.2007 was € 423 million, compared with € 340.7 million at 31.12.2006. The cash revenue from the sale of the interest in Quick (€ 211 million) has been received in January 2007. This position takes into account the investment portfolio of AvH (a.o. Fortis and KBC), which (including unrealised capital gains of € 150.8 million) had a value of € 227.2 million on 30.06.2007 (31.12.2006: € 233.7 million), liquidities and treasury shares for an amount of € 257.4 million, as well as external financial debts, principally in the form of commercial paper, in an amount of € 61.6 million. Furthermore, in the course of the first semester of 2007, investments amounting to € 115.4 million were made. The consolidated net equity (part of the group, IFRS) amounted to € 1,480 million as of 30.06.2007 (compared to € 1,423.7 million as of 31.12.2006).. Prospects 2007 Except in case of unforeseen circumstances and based on the good operational progress of affairs of the main group companies in the first semester 2007, the Board of Directors confirms its expectation for a further strengthening of the current result of the group.. quarterly update Q3 2007 annual results 2007 annual shareholders’ meeting and quarterly update Q1 2008. Report of the Auditor We have compared the accounting data presented in the semi-annual press release of Ackermans & van Haaren with the interim condensed consolidated financial statements as per June 30th , 2007, which show a balance sheet total of € 4,696,188 (000) and net income (group share) for the period of € 122,594 (000). We confirm that these accounting data do not show any significant discrepancies with the interim condensed consolidated financial statements.. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. Calendar 2007 22 November 2007 7 March 2008 26 May 2008.

(7) Embargo until September 5th 2007 – 7.30 a.m. We have issued a limited review report on these interim condensed consolidated financial statements, in which we declare that, based on our review, nothing has come to our attention that causes us to believe that these interim condensed consolidated financial statements are not prepared, in all material aspects, in accordance with IAS 34 Interim Financial Reporting, as adopted for application in the European Union. Antwerp, September 4th, 2007 Ernst & Young Reviseurs d’Entreprises SCCRL Statutory Auditor represented by. Jan De Landsheer Partner. Patrick Rottiers Partner. 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 approximately € 2.4 billion. Since March 2nd 2007, the AvH share has been included in the reference index BEL20 of Euronext Brussels.. For further information please contact: Luc Bertrand CEO – President of the Executive Committee tel: +32.3.231.87.70 e-mail : dirsec@avh.be Jan Suykens Member of the Executive Committee tel: +32.3.897.92.36 e-mail : dirsec@avh.be. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. 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..

(8) Embargo until September 5th 2007 – 7.30 a.m. Annexe:. CONSOLIDATED INCOME STATEMENT ACKERMANS & van HAAREN PER JUNE 30, 2007 ('000 euro). 30/06/2007. 30/06/2006. 178.453 12.196 -145.140. 197.104 9.759 -186.831. 45.509. 20.033. 31.654 26.369 14.920 -11.105 49.757 1.013 -4. 4.972 25.854 13.835 -5.691 45.098 3.431 -15. 158.113. 107.517. -4.651. -7.601. Profit(loss) after tax from continuing operations. 153.462. 99.916. Profit(loss) after tax from discontinued operations. 0. 0. 153.462. 99.916. 30.868 122.594. 10.803 89.113. Revenue Other operating income Operating expenses (-) Profit(loss) from operating activities Profit(loss) on assets/liabilities designated at fair value through profit and loss Profit(loss) on disposal of assets Finance income Finance costs (-) Share of profit(loss) from equity accounted investments Other non-operating income Other non-operating expenses (-) Profit(loss) before tax Income taxes. Profit(loss) of the period Minority interests Share of the group. WorldReginfo - dff8f99d-cfd9-4c58-8bb7-c7e082a0c194. We refer to the website (www.avh.be) for the condensed consolidated financial statements and the notes.

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