CORPORATE GOVERNANCE

BOARD OF DIRECTORS

The regulated real estate company Leasinvest Real Estate is being managed by its limited (managing) partner and sole statutory manager, Leasinvest Real Estate Management SA, with its registered office at 2000 Antwerp, Schermersstraat 42 (register of legal persons 0466.164.776), a 100% subsidiary of Ackermans & van Haaren.

The board of directors is chaired by Jan Suykens, chairman of the executive committee of Ackermans & van Haaren, and composed of:

Independent directors

Marcia De Wachter

Managing director of Brain@Trust BVBA

Eric Van Dyck

Chairman Capital Markets EMEA (London) with Cushman & Wakefield

Colette Dierick

CEO ING Luxembourg S.A.

Dirk Adriaenssen

Managing Director Redevco Switzerland & Central Europe

Sigrid Hermans

CFO LIFE group

Directors proposed by Ackermans & van Haaren

Jean-Louis Appelmans

Director of companies (non-executive director)

Michel Van Geyte (Chief Executive Officer - executive director)

Michel Van Geyte was appointed as commercial manager of Leasinvest Real Estate Management SA in August 2004. He is currently CEO - executive director of LREM SA and also managing director of Leasinvest Immo Lux.

Jan Suykens

Chairman of the executive committee of Ackermans & van Haaren SA, chairman of the board of directors of Leasinvest Real Estate Management SA (non-executive director)

Piet Dejonghe

Member of the executive committee of Ackermans & van Haaren SA (non-executive director)