Appropriation of Result Provisions of the Articles of Incorporation concerning Appropriation of Earnings According to Article 33 of the Articles of Incorporation of FGH BANK N.V., as adopted on December 31, 1991, the provisions concerning appropriation of earnings are as follows: Reserves 1From the earnings as shown by the adopted financial statements any losses shall first be made good, insofar they have not been offset by other means, then the equity reserves prescribed by law shall be formed, insofar they have not been formed by some other means determined by the Board of Directors, and finally such amount shall be added to the equity reserves as the Board of Directors shall determine. Dividend 2. The earnings remaining after applications of the provisions in the preceding paragraph shall then be distributed in order as follows a. to the holders of preferred A stock a dividend of eight percent (8%) of the nominal amount of the stock will be paid to the extent that the remaining earnings shall allow; b. if the remaining earnings do not allow a payment of eight percent (8%) as referred to above, the earnings available for distribution in subsequent years - before the provisions under a. of the paragraph are observed - will first be applied to offset the deficit in the payment to holders of preferred A stock; c. to AEGON N.V., established at The Hague, payments will be made until the total amount of NLG 702,049 on account of this paragraph c., is received by AEGON N.V.; d. to the holders of preferred B stock a dividend of seven percent (7%) of the nominal amount of this stock will be paid to the extent that the remaining earnings shall allow; e. if the remaining earnings do not allow a payment of seven percent (7%) as referred to above under d., the earnings available for distribution in subsequent years after due observance of the provisions under b. and c. with respect to this remainder - before the provisions under d. are observed - will be applied to offset deficit in the payment to holders of preferred B stock; f. to AEGON N.V. above-mentioned, payments will be made until the amount of its earning rights as referred to in paragraph 3 of this article has been fully paid; g. if the earnings for the financial year concerned available for distribution to AEGON N.V. do not allow payment in full of the amount of the earning rights, the earnings available for distribution shall be paid entirely to AEGON N.V.; h. the earnings which remain after the amount of the earning rights referred to under f. of this paragraph has been paid in full shall be paid to the holders of common stock in proportion to the nominal amount of their shares. 3. AEGON N.V. shall be entitled to a distribution of earnings by virtue from its earning rights as stated - and in the manner described - under f. of paragraph 2 of this article, until the full amount of its earning rights - as calculated in the manner said forth in paragraph 4 of this article - has been paid. 4. The earning rights of AEGON N.V. will be equal to the result obtained from the formula |RP RD) - GU in which the terms are defined as follows: RP is NLG 47,100,000. This amount will be increased by eight percent (8%) at the end of each calendar year, beginning December 31, 1986, which increase will be added to said amount as per the date of increase so that in subsequent years the increase will be calculated on the thus increased amount. Contrary to the provisions in the preceding clause, the increase as per December 31, 1986, will not amount to eight percent (8%) but to a fraction of eight percent (8%), the numerator of which is equal to the number of days elapsing between June 5, 1986, up to and including December 31, 1986, and the denominator is equal to three hundred and sixty five (365). In calculating the increase, a month shall be taken as having the correct number of days and the year as having three hundred and sixty five (365) days,- RD is a compensation due to AEGON N.V. and to Postbank N.V. (which assigned this compensation to AEGON N.V.) for loss of interest of a loan, the principal of which shall not exceed of four hundred and ten million guilders (NLG 410,000,000), which AEGON N.V. and Postbank N.V., established at Amsterdam, each granted to Transveer B.V., a private limited liability company, established at Utrecht. The compensation for AEGON N.V. and Postbank N.V. (which assigned this compensation to AEGON N.V.) will amount to three and a half percent (3 l/i%) each per annum on the outstanding amount of each party's loan. The compensation will be calculated at the end of each calendar year, beginning December 31, 1986, and will be aggregated with the amounts of compensation calculated in respect of preceding years. The balance at the end of each calendar year, beginning December 31, 1987, will be increased by eight percent (8%) and this increase will be added to the balance, so that in subsequent years the increase will be calculated on the thus increased balances.

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Annual Reports FGH Bank | 1992 | | pagina 28