CHANGES TO THE MANAGEMENT BOARDS OF ROBECO N.V., ROLINCO N.V. AND ROBECO HOOG DIVIDEND ONROEREND GOED N.V.


Due to the previously announced departure of Marnix Vriezen, from 1 October 2004 the management board of Robeco N.V. will consist of Mark Glazener and Volker Wytzes, and the management board of Rolinco N.V. will consist of Arnout van Rijn and Volker Wytzes. The management board of the Robeco Hoog Dividend Onroerend Goed N.V. real-estate fund currently being introduced will consist of Mark van der Kroft and, subject to approval by the Dutch regulator the Authority for the Financial Markets, Volker Wytzes.
 
About Robeco
Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed-income and equity investments, as well as balanced accounts, money-market funds and alternative investments.
 
Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London.
 
As well as from its head office in Rotterdam, Robeco services its clients from its European offices in Belgium, France, Germany, Spain and Switzerland. In the United States, Robeco has offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management) and Toledo (Harbor Capital Advisors). It also has an office in Bahrain.
 
Robeco is the center for asset management with full operational independence within the Rabobank Group. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.