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2017-02-08

Heijmans NV: Heijmans sells Belgian operations to BESIX

Heijmans has reached agreement concerning the sale of all shares in its
Belgian companies Heijmans Bouw, Heijmans Infra and Van den Berg to BESIX.
The transaction is expected to be completed in the second quarter of 2017,
following approval by the antitrust authorities. The net proceeds in cash for
Heijmans are expected to be over € 40 million.

The sale concerns the companies Heijmans Bouw, Heijmans Infra and Van den
Berg, respectively active in the construction, infrastructure, and cable and
pipeline construction segments in Belgium. The companies operate from several
locations in Flanders. In 2016, the collective turnover of the companies
amounted to approximately € 250 million.

This transaction will reduce the net debt with approximately € 40 million. The
divestment yields a positive transaction result of € 15 - 20 million, which
will be recognized in the financial year 2017. The divestment of the Belgian
operations is a next step towards debt reduction and a structural improvement
in debt/equity ratios. Consequently, Heijmans will focus more on its Dutch
activities.

The buyer is BESIX, an international group operating in construction,
infrastructure, environmental projects, facility management and property
development, and has a home base in Belgium. The integration with BESIX
offers the companies many opportunities to further develop themselves on the
Belgian market.
ING Corporate Finance and Rabobank Corporate Finance act as Heijmans' M&A
Advisor in this process.

For more information / not for publication:

Press

Marieke Swinkels-Verstappen
Communication
+31 73 543 52 17
mswinkels-verstappen@heijmans.nl

Analysts

Guido Peters
Investor Relations
+ 31 73 543 52 17
gpeters@heijmans.nl

Press release
http://hugin.info/130707/R/2076722/781058.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heijmans NV via Globenewswire

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