Investor Presentaiton

Ageing Population Y-o-y change in population 6% 5% 4% 3% 2% 1% 0% -1% -2% 2008 2009 2010 2011 2012 2013 2014 2015 Younger than 20 years 20 till 40 years -40 till 65 years 65 till 80 years 80 years and older Source: Statistics Netherlands (CBS) 41 Active and retired participants and 'grey pressure' (people 65 years and older/people between 20-65 years old) 7.000 6.000 5.000 4.000 3.000 2.000 1.000 H 2008 2009 2010 2011 2012 2013 2014 2015 Active Participants (thousands, LHS) Retired Participants (thousands, LHS) -Grey Pressure (RHS) Source: Statistics Netherlands (CBS) Investor presentation Mexico City 32% 30% 28% - 26% 24% 22% 20%

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