Investment property is not (re)developed within the Office Fund but via external parties or within Bouwinvest Office Development B.V. or Bouwinvest Development B.V. As at 31 December 2016 the investment property under construction relates to The

The bank balances of € 22.5 million are freely available to the Fund as at 31 December 2016. In order to minimalise the costs of the negative interest rate on the bank balances, during 2016 the Fund used 30-day bank deposits.

For 2016, before appropriation of result

The other payables relate to invoices yet to be received for maintenance of and investments in the portfolio.

Basic earnings per share are calculated by dividing the net profit attributable to shareholders by the weighted average number of ordinary shares outstanding during the year.

In 2016, € 19.2 million (2015: € 24.4 million) was paid as dividend.

As at 31 December 2016, the Fund had unprovisioned contractual obligations for future repairs and maintenance of € 3.0 million (2015: € 3.2 million). The total future commitments as at 31 December 2016 amounted to € 159 million (2015: € 5.4 million).

The Office Fund’s subsidiairies and members of the Supervisory Board and Board of Directors of Bouwinvest Real Estate Investment Management B.V. (Bouwinvest) and the other entities under mangement by Bouwinvest, qualify as related parties of the

Bouwinvest is the manager and Statutory Director of the Fund. The management fee paid for the year 2016 amounted to € 2.7 million (2015: € 3.1 million).