- Royal Reesink s full-year revenue for 2015 amounted to million.

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1 PRESS RELEASE STRONG INCREASE OF NET RESULT IN 2015 Key points in 2015 Commercial/operational - Royal Reesink s full-year revenue for 2015 amounted to million. - Reesink Green Equipment performed well, given the circumstances. The agricultural market in the Benelux was impacted by low milk prices, CT Agro achieved good sales of tractors, seeders, machines for soil tillage and parts. The revenue of landscape maintenance continued to grow. - At Reesink Construction Equipment, revenue in Belgium decreased, but the result increased due to higher revenue in the Netherlands, further growth in Huur&Stuur and better margins. - The result at Reesink Material Handling Equipment improved due to more favourable market conditions in combination with a greater focus on rental and service. - At Reesink Industries, the consolidation with IMAV-Hydraulik provided an impetus to the hydraulic activities in Germany. In the Netherlands, sales to marine (shipping industry) rose. The sales to agricultural machine manufacturers decreased. The challenging conditions for the steel operations continued. - Expansion of activities due to consolidation of Agrometius (September), start of jointventure Reesink Turkey (June) and the acquisition of the activities of IMAV-Hydraulik (end of April). - Integration of recently acquired activities. - Strengthening of market position in used machines. - Innovations (non-chemical weed-killing machine and a drip irrigation system). - Refinancing and increase of issued share capital by 9.99% by means of private placement.

2 Financial - Revenue million (2014: million). Organic revenue growth of 1.5%. - The operating result before depreciation and amortisation (EBITDA) increased by almost 10% to 30.8 million (2014: 28.0 million). - The operating result after depreciation and amortisation (EBIT) increased by 10.9% to 19.4 million (2014: 17.5 million). - Expenses relating to financing activities 3.5 million; 0.4 million higher than in Net result increased by 25.6% to 11.2 million (2014: 8.9 million). - Cash flow from operating activities decreased from 22.3 million to 16.3 million due to investments in working capital. - Repayment of subordinated loan of Pon Holdings B.V. of 4.8 million. - Refinancing with ABN AMRO Bank, Rabobank, Commerzbank and BNP Paribas (new). Facility of 140 million for a period of five years. - Profit per ordinary share/depositary receipt for an ordinary share 8.64 (2014: 7.10), an increase of 21.7%. - As the offer price for the public offer announced by River Acquisition B.V. is cum dividend, no dividend proposal will be made during the General Meeting of Shareholders on 25 May 2016, pending the public offer.

3 Royal Reesink has closed its best-ever year even though a number of markets are subject to intense pressure. Owing to the spread of our activities, we were not that heavily impacted by poor conditions in a number of our markets. And we are clearly also seeing increasingly better cooperation of our businesses in submarkets. In 2015, we devoted a great deal of management time and effort to finding a solution to the closure of Alternext. The eventual outcome, the public offer of River Acquisition B.V., if it is declared unconditional, will take our company into calmer waters with regard to shareholders and enable us to continue working calmly on expanding this magnificent company. In view of the situation in the agricultural markets and the weak steel prices, we are cautious with regard to the outlook for 2016, commented Gerrit van der Scheer, CEO of Royal Reesink. General developments Reesink Equipment Reesink Green Equipment (RGE) The division Reesink Green Equipment performed well in 2015, given the circumstances. The collapse of the milk price had a greater impact than had been expected at the beginning of the year Investment levels in dairy farming were subject to pressure after the summer, which affected the propensity to invest to acquire new machines. The reverse occurred in agriculture, where product prices for potatoes, carrots, onions and grains had been low at the outset of 2015, and improved significantly in the course of the year. Overall this meant that our agriculture-based businesses in the Benelux were forced to adjust their expectations in the course of the year. Half-way through the selling season for combine harvesters in Kazakhstan, the Kazakhstan government abandoned the monetary system, resulting in a depreciation of the tenge. This effect depressed subsequent trades. Nonetheless, 2015 was a good year for CT Agro. Jean Heybroek outperformed expectations in With the acquisition of Agrometius in September 2015, Royal Reesink took a significant step in smart farming. Agrometius specialises in GPS technology and precision agriculture and imports Trimble navigation equipment, among other products. As a specialist in connecting tractors with equipment of many different brands, Agrometius is positioned on a brand-neutral basis within the group. Reesink Construction Equipment (RCE) The market position of Reesink Construction Equipment is good and 2015 was a stable year. The market in Belgium had deteriorated, but this was compensated by positive developments in the Dutch market, particularly by increases in sales in some of our niche markets. In addition, the Kobelco machines performed very well in the past year. These machines were introduced to the market in 2014 and offer very favourable CO2 reduction values compared with existing machines with the same production capacity. With its experienced, all-round employees and the inflow of new, young staff within the Construction division, it can respond flexibly to new developments in the market. Reesink Material Handling Equipment (RMHE) The German market for material handling grew significantly in the past year. Markets in Belgium and the Netherlands achieved slight to clear growth. Margins continued to be pressured owing to tough competition on price. Markets continued to improve towards the end of the year. This was also reflected in growth in the order portfolios. Margin

4 pressures are forcing the division Reesink Material Handling Equipment to become more creative and heighten its focus on cost containment, for instance by working more efficiently. Revenue from rental increased in the Netherlands. Investments in the rental fleet were required in response to the strong demand. The division also placed clear emphasis in the past year on enlarging its service capacity. This enables Reesink Material Handling Equipment to continue to serve its customers effectively. In Belgium, the management achieved better performance by refocusing the business. The Used Equipment Center for Linde forklift trucks was opened in Apeldoorn in September of Opening this new Used Equipment Center represents a further step towards implementing our overall concept. Part of the used forklift trucks are refurbished at the Center and sold to customers for whom buying a new truck is a still a step too far. Reesink Industries The acquisition of IMAV-Hydraulik (Germany) provided added impetus to the hydraulics business in the past year. With this acquisition, Royal Reesink has become a known party for hydraulics systems and valve blocks in Germany. Demand in the Netherlands for hydraulic components and systems from agricultural machine manufacturers contracted. This was offset by better sales to the marine market (shipping industry). Conditions in the steel market continued to be challenging, as in the preceding years. Steel supply exceeds demand and both margins and prices were pressured as a consequence. Volumes did pick up slightly towards the end of 2015 as the construction industry started to improve. Market conditions for Reesink Industries steel operations continue to be poor. The same applies to the activities in the field of personal protection items. Number of employees The average number of employees increased to 1,199 in 2015 compared with 1,121 in This increase was mainly attributable to the expansion of the activities by means of the acquisitions of Agrometius, IMAV-Hydraulik and Kuhn Center Turkey. Financial developments The financial statements, which were prepared in accordance with Dutch GAAP (and in compliance with the Fair Value Resolution for the appraisal of investment property) served as the basis for this paragraph. Revenue The revenue of Royal Reesink for 2015 increased by 3.4% to million (2014: million). Organic revenue growth was 1.5% in The revenue of Reesink Equipment increased by 3.5% to million (2014: million). Organic revenue growth was 2.2% in Reesink Green Equipment achieved revenue growth of 7.0% to million in 2015 (2014: million), organic revenue growth was 3.3%. The margin was slightly higher, partly due to a different sales mix. Forest, garden and park landscape maintenance achieved strong organic revenue growth. Revenue in the agricultural market in the Benelux decreased in 2015 due to lower sales in the second half of the

5 year. This was mainly attributable to the low milk prices. It had been expected during the year under review that CT Agro would sell more than the budgeted number of combine harvesters. However, a change in the monetary system of Kazakhstan as of 20 August 2015 led to a sharp decrease in value of the local currency. The result in Kazakhstan was nonetheless comfortably higher than in The selling season for tractors, seeders, machines for soil tillage and parts was successful. Revenue at Reesink Construction Equipment totalled 44.3 million, a decrease of 2.6% (2014: 45.5 million). Revenue rose by almost 12% in the Netherlands in 2015, but decreased by over 30% in Belgium. This decrease was mainly due the fact that there were no incidental orders from large remote-controlled drilling systems. The revenue of Huur&Stuur also increased significantly. Reesink Construction Equipment realised good margins, increasing its profitability. The revenue of Reesink Material Handling Equipment at million was up 2% from a year ago (2014: million). The breakdown of revenue was different, leading to better returns for this division. In the past year, particularly in the Netherlands, greater emphasis was placed on responding to the growing demand for rental and further expanding and increasing the efficiency of service. In September, a Used Equipment Center was opened in Apeldoorn. Revenue from sales of machines (new and used) was almost 1% lower than in the previous year. It should be noted, however, that the order books are generally well-filled. Revenue from rental increased by 13%, while revenue from service increased by 4%. At Reesink Industries, IMAV-Hydraulik was integrated into Motrac Hydraulics in Willich (Germany) in the third quarter of This helped Reesink Industries to achieve revenue growth of 3.6% to 52.5 million (2014: 50.7 million). On an organic basis, revenue decreased by more than 4%. The agricultural OEM customers in particular purchased fewer hydraulic components and systems. In addition, the market for personal protection items continued to be difficult. Reesink Staal s revenue edged up compared with the previous year. Added value, costs and other operating income Gross operating income increased by 4,4 million (+6.1%) compared with 2014 to 76.7 million (2014: 72.3 million). Gross operating income was 15.7% of revenue, compared with 15.3% in Gross operating income at Reesink Equipment increased by 3.9% from 66.4 million to 69.0 million. Gross operating income of Reesink Industries increased by 1.7 million to 7.7 million (2014: 6.0 million). Gross operating income on an organic basis edged down. Total selling and general administrative expenses increased by 4.4% in 2015 to 58.8 million (2014: 56.3 million). On an organic basis, these expenses decreased by 0.4 million. The decrease of the expenses was partly offset by 1.2 million in non-recurring expenses. The other operating income of 1.5 million related to external rental income. Operating result The operating result before depreciation and amortisation (EBITDA) increased by almost 10% from 28.0 million to 30.8 million. Depreciation and amortisation charges for 2015 amounted to 11.3 million, 9.3% higher than a year earlier (2014: 10.5 million). On an organic basis, depreciation and amortisation charges rose by 6.5%, mainly due to

6 higher depreciation charges for the rental fleet. The operating result (EBIT) increased by 10.9% to 19.4 (2014: 17.5 million). Expenses relating to financing activities; value adjustments, securities Net expenses relating to financing activities, at 3.5 million, were up from 2014 ( 3.1 million). The increase was caused by higher financing expenses for the subordinated loan from Pon Holdings B.V. that was repaid in the year under review, higher funding requirements and cost increases in connection with the refinancing. The balance of income from investments and real estate valuations was negative at 0.7 million, whereas it had been negative at 1,8 million in The appraisals of real estate led to a write-down of 0.8 million for 2015 and a gain of 0.1 million was realised on the sale of 17 hectares of agricultural land in Apeldoorn. In 2014, a gain of 0.7 million was realised on the sale of shares in VIBA, while the economic and technical obsolescence of real estate amounted to 2.4 million last year. Taxation The tax burden for 2015 was 27.4%, compared with 30.4% for This was caused by a higher contribution to profit from the Dutch and Kazakhstan activities with a lower average nominal tax burden relative to that from the German and Belgian activities. Share in result of participating interests The share in the result of participating interests was nil (unchanged from 2014). Net result and dividend The net result for 2015 was 11.2 million, an increase of 25.6% compared with 2014 ( 8.9 million). Net result per ordinary share was 8.64 (2014: 7.10). As the offer price for the public offer announced by River Acquisition B.V. (as described in Key points and outlook for 2016 ) is cum dividend, no dividend proposal will be made during the General Meeting of Shareholders on 25 May 2016, pending the public offer. Cash flows Cash flow from operating activities decreased, despite a 2.8 million increase in EBITDA, from 22.3 million to 16.2 million. This was attributable to higher investments in working capital of 5.4 million and higher financing expenses and higher taxes on profit. The acquisition of activities for 9.6 million and investments in fixed assets of 12.9 million (especially for rental fleets) resulted in cash flow from investing activities of 22.5 million negative (2014: 22.9 million negative). Cash flow from financing facilities was 6,9 million positive (2014: 3.2 million negative). The private issue of shares and the repurchase of the cumulative preference shares A led to positive cash flow of 8.3 million while a total of 8.6 million was repaid on long-term loans. That includes the repayment of the subordinated loan from Pon Holdings B.V. The debts to credit institutions and long-term loans increased by 10.7 million. Dividend distributions in cash totalled 3.7 million (2014: 3.2 million) in Fixed assets A total of 0.6 million was invested in intangible fixed assets (ERP environments) in The amortisation of the service contracts of Reesink

7 Material Handling Equipment and software amounted to 0.6 million and 1.0 million respectively. Land of 0.5 million was added to land and buildings. The total write-down on land and buildings was 1.1 million, of which 0.6 million was taken to the profit and loss account and 0.5 million to shareholders equity. The value of plant and equipment and vehicles increased by 0.9 million due to the new consolidations. Investments in plant and equipment and vehicles amounted to 1.9 million in the year under review. The net investment in rental fleets amounted to 11.4 million, partly due to additional investments owing to the growing demand for rental. Total depreciation and amortisation on tangible and intangible fixed assets amounted to 11.3 million (2014: 10.5 million). The total write-down of the real estate as at the end of the financial year amounted to 0.3 million. This write-down related largely to the building at the Ecofactorij in Apeldoorn. Disposals in 2015 represented slightly more than 1.0 million in book value and were related to the agricultural land at De Grote Kar in Apeldoorn. The balance of financial fixed assets increased by 0.1 million to 2.6 million. Working capital Trading working capital amounted to million at the end of 2015 (2014: million). The working capital of the new consolidations amounted to 4.7 million. At the end of the year under review, total inventory was million (2014: million), of which 4.0 million related to the new activities. Reesink Equipment s inventory amounted to (2014: 95.3 million). At Reesink Green Equipment, inventory increased by 6.1 million on an organic basis. Inventory at CT Agro was up 3,6 million at year-end 2015 owing to the (temporary) increase in the inventory of combine harvesters. Reesink Construction Equipment s inventory was higher by 1.1 million on balance owing to machines that were converted for use on railways (delivered at the start of 2016) as well as the addition of a new product group (Bergmann). Reesink Material Handling Equipment was able to reduce its inventory by 1.3 million. Inventory at Reesink Industries had increased by 2.6 million, of which 1.1 million related to the acquisition of the activities of IMAV-Hydraulik. The other part of the increase was caused by additional inventory of rolled mill products in connection with a major project that is currently being delivered in stages. The balance of accounts receivable increased by 7.1 million to 67.7 million; the organic increase was 4.9 million. The balance of accounts receivable at Reesink Equipment increased by 4.1 million on an organic basis. Reesink Material Handling Equipment and Reesink Construction Equipment achieved very strong revenue in the months of November and December, contributing to a net increase of 5.2 million in their balances of accounts receivable at the end of the financial year. At Reesink Industries, the accounts receivable position improved by 0.5 million to 6.2 million, mainly due to the consolidation of the activities of IMAV-Hydraulik. The item trade creditors, which is included in trading working capital, amounted to 36.8 million (2014: 37.1 million).

8 Change in shareholders equity Shareholders equity at the end of the year under review totalled 94.8 million (2014: 88.1 million). The net result was 11.2 million. The net proceeds from the private placement amounted to 9.4 million and were credited to the general funds. The repurchase of the 260,000 cumulative preference shares A held by Recopart B.V. led to a decrease in shareholders equity of 1.1 million. The cash dividend for 2014 amounted to 3.7 million. The goodwill from acquisitions (including earn-outs) totalled 4.8 million. The revaluation of land and buildings used in operations led to a decrease of the revaluation reserve by 0.4 million. The other movements in shareholders equity amounted to a reduction of 3.8 million. The change of the monetary system in Kazakhstan had a negative impact on the conversion differences relating to the net investment in the participation in Kazakhstan of 3.4 million. In addition, the reserve for price differences decreased by 0.3 million owing to the fair value adjustments relating to rolled mill products valued at replacement cost. Balance sheet ratios and other ratios As a percentage of the balance sheet total, group equity was 32.8% at the end of 2015 (2014: 32.1%). Including the subordinated (convertible) loans, the capital base was 39.0% (2014: 40.1%). These loans are subordinated to bank financing. The Net Senior Debt/EBITDA ratio was 2.4. A maximum Net Senior Debt/EBITDA ratio of 3.0 has been agreed with the banking syndicate. The Debt Service Coverage ratio also comfortably met the applicable requirements. Financing As at 31 December 2015, the total amount in interest-bearing loans was 97.6 million (2014: 95.3 million). The subordinated loan of 4.8 million from Pon Holdings B.V. was repaid from the general funds in As at 31 December 2015, the balance of cash and cash equivalents was 2.1 million. Key points and outlook for 2016 Royal Reesink will continue the implementation and roll-out of its business model in The following management priorities have been designated for that purpose: In close cooperation with our partners such as manufacturers, dealers and end users, our distribution model will be adjusted where necessary; Roll-out of the precision agricultural solutions of Agrometius within Reesink Green Equipment and examine options for broad-based roll-out within the group; Expansion of the Used Equipment Center at Reesink Material Handling Equipment; Performance improvement at Reesink Industries and further integration of the activities in the field of hydraulic systems in Germany; The acquisition of the turfcare activities of Lely Holding S.a.r.l. in the United Kingdom, Ireland and Denmark. Royal Reesink expects to complete this transaction at the start of the second quarter of These activities mainly comprise the distribution of Toro machines for the maintenance of golf courses and public green spaces and TYM compact tractors. On 8 February 2016, Royal Reesink and River Acquisition B.V., a company that is controlled by an investment consortium headed by Gilde Buy Out Partners and of which the existing holders of shares in Todlin N.V. and Navitas B.V. are also part, jointly

9 announced that provisional agreement had been reached on a recommended public offer, for all exchange-listed issued depositary receipts for ordinary shares in the capital of Royal Reesink (the "Depositary Receipts for Shares") and all non-exchange-listed issued ordinary shares in the capital of Royal Reesink that are not registered in the name of trust office Stichting Administratiekantoor van Aandelen Reesink (the "Registered Shares", referred to jointly with the Depositary Receipts for Shares as the "Shares"), of 101 (cum dividend) in cash per Share, subject to the customary conditions. We consider this proposed transaction to be an attractive offer for all shareholders of Royal Reesink. In 2016, the end markets in which Royal Reesink operates will continue to be dynamic and challenging. At Reesink Green Equipment, the agricultural sector is expected to continue to be affected by limited financial liquidity that impedes farmers and contractors propensity to invest. Reesink Green Equipment will maintain its strong focus on reducing working capital and on cost containment. In addition, we will be faced with a challenge in Kazakhstan in the year ahead, given the impact of the low oil prices on the government budget and the fluctuations of the tenge. At the divisions Reesink Construction Equipment and Reesink Material Handling Equipment, demand for flexibility is expected to continue to increase, and we will have to respond to this with the rental activities. At Reesink Industries, the focus will be shifted to further expanding the activities, following the completion of the integration of IMAV-Hydraulik in Motrac Hydraulik GmbH. The volatility of steel prices means it is difficult to forecast the development of results of steel-related activities. The hydraulic sector is expected to remain stable. We expect that our timely response to new technological developments and the effective spread of our activities will enable us to post a solid performance in Selective acquisitions may provide an extra impetus to revenue and results in Audit Ernst & Young LLP issued an unqualified auditor s report on the 2015 financial statements on 2015 on 4 April The 2015 annual report will be published on 8 April The annual general meeting of shareholders will be held on 25 May 2016 and will commence at 2:00 p.m. Location: Rosarium, Amsterdam. This press release is published in both Dutch and English. In case of conflict between the Dutch and the English version, the Dutch version shall prevail. Apeldoorn, 4 April 2016 Management Board of Royal Reesink N.V. Financial agenda 2016: 21 April 2016 Trading update 25 May 2016 General Meeting of Shareholders 30 August 2016 Interim results 27 October 2016 Trading update

10 ANNUAL FIGURES FOR ROYAL REESINK N.V. CONSOLIDATED BALANCE SHEET (in millions of euros) ASSETS FIXED ASSETS Intangible fixed assets Tangible fixed assets Investment property Financial fixed assets CURRENT ASSETS Inventories Receivables Cash and cash equivalents TOTAL ASSETS LIABILITIES GROUP EQUITY PROVISIONS SUBORDINATED (CONVERTIBLE) LOANS NON-CURRENT LIABILITIES CURRENT LIABILITIES Debts to credit institutions Current portion of non-current liabilities Trade creditors Tax and social insurance contributions, pensions Other liabilities and accrued liabilities TOTAL EQUITY AND LIABILITIES

11 CONSOLIDATED PROFIT AND LOSS ACCOUNT (in millions of euros) Net revenue Cost of sales Gross operating income Selling expenses General and administrative expenses Total expenses Net operating income Other operating income Operating result Finance income and expenses (net) Revenues from receivables included in fixed assets, and from securities (Non-)realised fair value adjustments of investment property Result from ordinary activities before taxation Taxation of result from ordinary activities Share in result of participating interests Result after taxation Monitory interest in profit Net result To be allocated to shareholders: Net result per ordinary share (in euros) Diluted net result per ordinary share (in euros) Average number of ordinary shares 1,294,076 1,247,559 Average number of diluted ordinary shares 1,514,164 1,443,150 Number of ordinary shares at year-end 1,382,537 1,247,559 Number of diluted ordinary shares at year-end 1,602,626 1,446,512

12 CONSOLIDATED CASH FLOW STATEMENT (in millions of euros) Operating result Adjustments for: - Depreciation and amortisation of tangible/intangible fixed assets - Changes in provisions Changes in working capital Cash flow from business operations Financing expense paid (net) Income tax paid Cash flow from operating activities Investments/disposals in intangible fixed assets Investments/disposals in tangible fixed assets Investments/disposals in financial fixed assets Acquisition/disposal of group companies Cash flow from investing activities Changes in debts to credit institutions Income from non-current liabilities Repayment of non-current liabilities Revenue from the issue of shares/depositary receipts for shares Repurchase (cancellation) of own shares -1.1 Dividend paid Cash flow from financing activities Exchange rate and conversion differences relating to cash and cash equivalents Changes in cash and cash equivalents CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (in millions of euros) Consolidated net result after taxation attributable to the legal entity Goodwill paid on acquisition Fair value adjustment of tangible fixed assets Translation differences relating to foreign participating interests Changes in reserve for price differences Corporation tax recognised in shareholders equity Other Total direct changes in the company's shareholders' equity as a portion of group equity Legal entity s comprehensive income The figures recognised in this press release were derived from the financial statements for 2015 prepared by the company s management board. The external auditor issued an unqualified auditor s report on those financial statements on 4 April The financial statements will be presented on on 8 April 2016, will be available in print in early May and will be submitted to the general meeting of shareholders for adoption on 25 May.

13 Profile of Royal Reesink Royal Reesink focuses on two segments: Reesink Equipment and Reesink Industries. In Reesink Equipment, our businesses are involved in the distribution of leading brands and/or the delivery of strong concepts for agriculture and horticulture, landscape maintenance, material handling and civil engineering. The products are supplied either directly or through dealers to farmers, contractors, green area companies, golf courses, municipalities, government bodies, water boards, foresters and logistics customers operating in the food & agri, non-food, industrial, transfer (harbours) and civil engineering sectors. In Reesink Industries, our businesses are involved as a distributor of steel, personal protection items and hydraulic components and systems. In this segment, we supply mainly steel manufacturers, building sites, installation production companies, technical wholesalers, the offshore and shipping industry, machinery manufacturers and the agricultural industry. See also: royalreesink.com For further information please contact: Mr G. van der Scheer, CEO Royal Reesink N.V. Tel.: +31 (0)