20142013 Trade payables4,1831,579 Rent invoiced in advance1,9351,107 Tenant deposits4,6733,532 VAT payable8182,324 Other payables833850 Balance as at 31 December12,4429,392 Download XLS The other payables relate

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

In 2014, € 101.5 million (2013: € 102.6 million) was paid as dividend.

As at 31 December 2014, the Fund’s total future commitments amounted to € 401 million (2013: € 141 million).

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

Bouwinvest is the manager and the Statutory Director of the Fund. The management fee paid for the year 2014 amounted to € 13.3 million (2013: € 13.2 million).

The table below shows the fees charged over the year 2014 by Deloitte Accountants B.V. and the Deloitte Network in respect of activities for the Residential Fund.

As of 2 January 2015, the Residential Fund has three new shareholders.

Amsterdam, the Netherlands, 16 March 2015 Bouwinvest Real Estate Investment Management B.V.