23-02-2009 Auditor’s report on a financial holding

DNB has decided that a financial holding, which is not engaged in any activities other than holding a participation in an investment firm, by virtue of the dispensation under Section 4a of the Decree on the Prudential Supervision of Financial Groups pursuant to the Wft, can suffice with an auditor’s report declaring that the holding meets the minimum capital requirement, including a certified balance sheet and profit and loss account. DNB advises you that, under Section 4a of said Decree, the calculation of the minimum capital to be held by the holding may differ from the minimum capital to be held by the investment firm. When verifying fulfilment of the minimum capital requirements, the auditor should take the capital requirements that specifically apply to the holding into account.