Robeco 130/30 North American Equities to be merged into Robeco US Large Cap Equities

PRESS RELEASE

Robeco intends to merge the Luxembourg sub-fund Robeco 130/30 North American Equities into another Luxembourg sub-fund, Robeco US Large Cap Equities. The main reason for this is that the strategy pursued by the Robeco US Large Cap Equities sub-fund has for some time produced much-improved returns.

The absorbing sub-fund, Robeco US Large Cap Equities, is the winner of five Morningstar awards. Managed by Robeco Boston Partners, it seeks out undervalued companies within the US-equities universe with a minimum market capitalization of USD 2 billion. The bottom-up selection process is guided by a disciplined choice of value, intensive proprietary research and a risk-preventive approach.

A further change, effective as of 14 May 2010, will be adjustments to the investment policy applied by Robeco 130/30 North American Equities. Shortly before the planned merger, the sub-fund will drop its 130/30 restriction in favor of a long-only portfolio as a prerequisite for the successful implementation of the merger.

The proposal for amalgamation will be submitted to the Extraordinary General Meeting of Shareholders to be held on 4 May 2010. Following its approval, the merger will be implemented on 28 May 2010.