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Press release subsequent to the General Shareholders' Meeting of Roto Smeets Group NV held on 28 April 2010

When opening the meeting the Chair, Mr Rudolf Huyzer, told those present that the corporation had issued a press release on 7 April stating that it would enter into talks with shareholder Riva Investments B.V. (‘Riva’) pursuant to Riva’s preparations to make a voluntary public bid on all outstanding shares in the capital of Roto Smeets Group. These talks are constructive and ongoing: they have not yet led to a concrete position.

The Management Board Chair, Mr John Caris, confirmed to the meeting the statements contained in the press release of 18 March, to the effect that the action taken and the associated cost savings would contribute to a steep recovery in the operational result.

Mr A.P. Lugt, member of the Supervisory Board, announced his resignation as a Supervisor, effective as of 23 July next.

The meeting further adopted the following resolutions:

•	The 2009 annual accounts were approved;
•	The Management Board was granted discharge for the policy conducted in the year 2009 and the Supervisory Board was granted discharge for its supervision in the year 2009;
•	It was proposed and accepted that up to and including 31 December 2011 and after approval has been granted by the Supervisory Board, the Management Board is authorised to issue shares, to authorise the right to take shares, and to restrict or exclude rights of preference
•	The Management Board is also authorised for a period of 18 months from the date of the General Shareholders’ Meeting (28 April 2010) to acquire for the corporation its own shares or certificates thereof.

Deventer, 28 April 2010

Roto Smeets Group NV
Management Board

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