Stemverslagen. Derde kwartaal Achmea Beleggingsfondsen Beheer B.V. Postbus KA AMSTERDAM.

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1 Achmea Beleggingsfondsen Beheer B.V. Stemverslagen Derde kwartaal 2011 Achmea Beleggingsfondsen Beheer B.V. Postbus KA AMSTERDAM

2 Bijgaand treft u het document aan waarin de stemverslagen zijn opgenomen over het derde kwartaal 2011 van de aandeelhoudersvergaderingen waarin namens Achmea Beleggingsfondsen N.V. (Achmea Beleggingsfondsen) is gestemd. Achmea Beleggingsfondsen heeft ook het document Verantwoord Beleggingsbeleid op de website ( gepubliceerd, dat ingaat op het stem, -uitsluitingen en engagementbeleid van Achmea Beleggingsfondsen.

3 Beleggingspool Achmea Aandelen Nederland Unilever NV 16-sep-11 Special 1 Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares Disclaimer Robeco Institutional Asset Management B.V. ( Robeco ) distributes voting reports as a service to its clients and other interested parties. Robeco also uses these reports to demonstrate its compliance with the principles and best practices of the Tabaksblat Code which are relevant to Robeco. Although Robeco compiles these reports with utmost care on the basis of several internal and external sources which are deemed to be reliable, Robeco cannot guarantee the completeness, correctness or timeliness of this information. Nor can Robeco guarantee that the use of this information will lead to the right analyses, results and/or that this information is suitable for specific purposes. Robeco can therefore never be held responsible for issues such as, but not limited to, possible omissions, inaccuracies and/or changes made at a later stage. Without written prior consent from Robeco you are not allowed to use this report for any purpose other than the specific one for which it was compiled by Robeco. 1

4 Beleggingspool Achmea Aandelen Nederland Period: July 1, September 30, 2011 Table 1. Statistics Votes Cast 1 Number of meetings 1 For 1 With management 1 Withhold 0 Against management 0 Abstain 0 Against 0 Other 0 Total 1 Total 0 In none of the meetings we have cast one or more votes against management recommendation. Specific issues and related companies are highlighted in the text below. These issues are split into five categories: 1. Withheld and abstain votes. 2. Votes against management proposals. 3. Votes against shareholder proposals (in line with management recommendation). 4. Votes for shareholder proposals (against management recommendation). 5. Votes for shareholder proposals (no recommendation or not rejected by management). Only the categories which are applicable for this period are mentioned below. Disclaimer Robeco Institutional Asset Management B.V. ( Robeco ) distributes voting reports as a service to its clients and other interested parties. Robeco also uses these reports to demonstrate its compliance with the principles and best practices of the Tabaksblat Code which are relevant to Robeco. Although Robeco compiles these reports with utmost care on the basis of several internal and external sources which are deemed to be reliable, Robeco cannot guarantee the completeness, correctness or timeliness of this information. Nor can Robeco guarantee that the use of this information will lead to the right analyses, results and/or that this information is suitable for specific purposes. Robeco can therefore never be held responsible for issues such as, but not limited to, possible omissions, inaccuracies and/or changes made at a later stage. Without written prior consent from Robeco you are not allowed to use this report for any purpose other than the specific one for which it was compiled by Robeco.

5 Beleggingspool Achmea Aandelen Euro Air France KLM 7-jul-11 Annual/Special 1 Approve Financial Statements and Statutory Reports 10 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 45 Million 11 Authorize Capitalization of Reserves of Up to EUR 120 Million for Bonus Issue or Increase in Par Value 12 Approve Employee Stock Purchase Plan 13 Change Fiscal Year End and Amend Article 31 of Bylaws Accordingly 14 Amend Article 9.3 and 9.4 of Bylaws Re: Shares and Shareholders Identification 15 Authorize Filing of Required Documents/Other Formalities 2 Accept Consolidated Financial Statements and Statutory Reports 3 Approve Treatment of Losses 4 Acknowledge Auditors' Special Report on Related-Party Transactions Mentioning the Absence of Transactions and Acknowledge Ongoing Transactions 5 Reelect Pierre-Henri Gourgeon as Director 6 Elect Jaap de Hoop Scheffer as Director 7 Authorize Repurchase of Up to 5 Percent of Issued Share Capital 8 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 120 Million 9 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 75 Million Alpha Bank AE 15-jul-11 Special 1 Approve Reduction in Issued Share Capital 2 Authorize Share Capital Increase with Preemptive Rights 3 Authorize Convertible Debt Issuance Industria de Diseno Textil (INDITEX) 19-jul-11 Annual 10 Approve Share Award to Newly Appointed Chairman/CEO Management For Against 11 Authorize Board to Ratify and Execute Approved Resolutions 1

6 Beleggingspool Achmea Aandelen Euro 2 Accept Individual Financial Statements and Statutory Reports for FY 2010, Ended Jan. 31, Approve Consolidated Financial Statements and Statutory Reports, and Discharge of Directors for FY 2010, Ended Jan. 31, Approve Allocation of Income and Dividends of EUR 1.60 Per Share 5 Re-elect Irene R. Miller as Director 6 Re-elect KPMG Auditores SL as Auditor 7 Amend Several Articles of Bylaws to Update Legal Reference and Textual Adjustments to Adapt to Applicable Legislation 8 Amend Several Articles of General Meeting Regulations to Update Legal Reference and Textual Adjustments to Adapt to Applicable Legislation 9 Approve Remuneration of Directors Galp Energia, SGPS S.A 3-aug-11 Special 1 Amend Articles 4, 12, 17, and 18 EDP-Energias de Portugal S.A 25-aug-11 Special 1 Amend Article 4 2 Amend Article 14 3 Amend Article 20 4 Amend Article 27 Unilever NV 16-sep-11 Special 1 Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares 1 Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares Ryanair Holdings PLC 29-sep-11 Annual 1 Accept Financial Statements and Statutory Reports 2a Reelect David Bonderman as Director Management For Against 2b Reelect James Osborne as Director Management For Against 2c Reelect Michael O'Leary as Director 2

7 Beleggingspool Achmea Aandelen Euro 3 Authorize Board to Fix Remuneration of Auditors 4 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights 5 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights 6 Authorize Share Repurchase Program Disclaimer Robeco Institutional Asset Management B.V. ( Robeco ) distributes voting reports as a service to its clients and other interested parties. Robeco also uses these reports to demonstrate its compliance with the principles and best practices of the Tabaksblat Code which are relevant to Robeco. Although Robeco compiles these reports with utmost care on the basis of several internal and external sources which are deemed to be reliable, Robeco cannot guarantee the completeness, correctness or timeliness of this information. Nor can Robeco guarantee that the use of this information will lead to the right analyses, results and/or that this information is suitable for specific purposes. Robeco can therefore never be held responsible for issues such as, but not limited to, possible omissions, inaccuracies and/or changes made at a later stage. Without written prior consent from Robeco you are not allowed to use this report for any purpose other than the specific one for which it was compiled by Robeco. 3

8 Beleggingspool Achmea Aandelen Euro Period: July 1, September 30, 2011 Table 1. Statistics Votes Cast 43 Number of meetings 7 For 40 With management 40 Withhold 0 Against management 3 Abstain 0 Against 3 Other 0 Total 43 Total 43 In 2 (29%) out of 7 meetings we have cast one or more votes against management recommendation. Specific issues and related companies are highlighted in the text below. These issues are split into five categories: 1. Withheld and abstain votes. 2. Votes against management proposals. 3. Votes against shareholder proposals (in line with management recommendation). 4. Votes for shareholder proposals (against management recommendation). 5. Votes for shareholder proposals (no recommendation or not rejected by management). Only the categories which are applicable for this period are mentioned below. 2. Votes against management proposals. Our vote and the related companies ICGN Principle against (re)appointment of a (slate of) non-executive director due to failing independency of the supervisory board Ryanair Holdings PLC 2 against (re)appointment of a non-independent director who sits in the audit-, remuneration- or nominating committee Ryanair Holdings PLC 2 against approval of an excessive one-off compensation for the board Industria de Diseno Textil (INDITEX) 5 Disclaimer Robeco Institutional Asset Management B.V. ( Robeco ) distributes voting reports as a service to its clients and other interested parties. Robeco also uses these reports to demonstrate its compliance with the principles and best practices of the Tabaksblat Code which are relevant to Robeco. Although Robeco compiles these reports with utmost care on the basis of several internal and external sources which are deemed to be reliable, Robeco cannot guarantee the completeness, correctness or timeliness of this information. Nor can Robeco guarantee that the use of this information will lead to the right analyses, results and/or that this information is suitable for specific purposes. Robeco can therefore never be held responsible for issues such as, but not limited to, possible omissions, inaccuracies and/or changes made at a later stage. Without written prior consent from Robeco you are not allowed to use this report for any purpose other than the specific one for which it was compiled by Robeco.

9 Beleggingspool Achmea Aandelen Wereld Air France KLM 7-jul-11 Annual/Special 1 Approve Financial Statements and Statutory Reports 10 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 45 Million 11 Authorize Capitalization of Reserves of Up to EUR 120 Million for Bonus Issue or Increase in Par Value 12 Approve Employee Stock Purchase Plan 13 Change Fiscal Year End and Amend Article 31 of Bylaws Accordingly 14 Amend Article 9.3 and 9.4 of Bylaws Re: Shares and Shareholders Identification 15 Authorize Filing of Required Documents/Other Formalities 2 Accept Consolidated Financial Statements and Statutory Reports 3 Approve Treatment of Losses 4 Acknowledge Auditors' Special Report on Related-Party Transactions Mentioning the Absence of Transactions and Acknowledge Ongoing Transactions 5 Reelect Pierre-Henri Gourgeon as Director 6 Elect Jaap de Hoop Scheffer as Director 7 Authorize Repurchase of Up to 5 Percent of Issued Share Capital 8 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 120 Million 9 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 75 Million Alpha Bank AE 15-jul-11 Special 1 Approve Reduction in Issued Share Capital 2 Authorize Share Capital Increase with Preemptive Rights 3 Authorize Convertible Debt Issuance Industria de Diseno Textil (INDITEX) 19-jul-11 Annual 10 Approve Share Award to Newly Appointed Chairman/CEO Management For Against 11 Authorize Board to Ratify and Execute Approved Resolutions 1

10 Beleggingspool Achmea Aandelen Wereld 2 Accept Individual Financial Statements and Statutory Reports for FY 2010, Ended Jan. 31, Approve Consolidated Financial Statements and Statutory Reports, and Discharge of Directors for FY 2010, Ended Jan. 31, Approve Allocation of Income and Dividends of EUR 1.60 Per Share 5 Re-elect Irene R. Miller as Director 6 Re-elect KPMG Auditores SL as Auditor 7 Amend Several Articles of Bylaws to Update Legal Reference and Textual Adjustments to Adapt to Applicable Legislation 8 Amend Several Articles of General Meeting Regulations to Update Legal Reference and Textual Adjustments to Adapt to Applicable Legislation 9 Approve Remuneration of Directors Galp Energia, SGPS S.A 3-aug-11 Special 1 Amend Articles 4, 12, 17, and 18 EDP-Energias de Portugal S.A 25-aug-11 Special 1 Amend Article 4 2 Amend Article 14 3 Amend Article 20 4 Amend Article 27 Unilever NV 16-sep-11 Special 1 Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares 1 Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares Ryanair Holdings PLC 29-sep-11 Annual 1 Accept Financial Statements and Statutory Reports 2a Reelect David Bonderman as Director Management For Against 2b Reelect James Osborne as Director Management For Against 2c Reelect Michael O'Leary as Director 2

11 Beleggingspool Achmea Aandelen Wereld 3 Authorize Board to Fix Remuneration of Auditors 4 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights 5 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights 6 Authorize Share Repurchase Program Disclaimer Robeco Institutional Asset Management B.V. ( Robeco ) distributes voting reports as a service to its clients and other interested parties. Robeco also uses these reports to demonstrate its compliance with the principles and best practices of the Tabaksblat Code which are relevant to Robeco. Although Robeco compiles these reports with utmost care on the basis of several internal and external sources which are deemed to be reliable, Robeco cannot guarantee the completeness, correctness or timeliness of this information. Nor can Robeco guarantee that the use of this information will lead to the right analyses, results and/or that this information is suitable for specific purposes. Robeco can therefore never be held responsible for issues such as, but not limited to, possible omissions, inaccuracies and/or changes made at a later stage. Without written prior consent from Robeco you are not allowed to use this report for any purpose other than the specific one for which it was compiled by Robeco. 3

12 Beleggingspool Achmea Aandelen Wereld Period: July 1, September 30, 2011 Table 1. Statistics Votes Cast 198 Number of meetings 12 For 188 With management 187 Withhold 2 Against management 11 Abstain 0 Against 4 Other 4 Total 198 Total 198 In 5 (42%) out of 12 meetings we have cast one or more votes against management recommendation. Specific issues and related companies are highlighted in the text below. These issues are split into five categories: 1. Withheld and abstain votes. 2. Votes against management proposals. 3. Votes against shareholder proposals (in line with management recommendation). 4. Votes for shareholder proposals (against management recommendation). 5. Votes for shareholder proposals (no recommendation or not rejected by management). Only the categories which are applicable for this period are mentioned below. 1. Withheld and abstain votes. Our vote and the related companies ICGN Principle withhold support from director who failed to attend at least 75% of the meetings of the board Dell Inc. 2 withhold support from director who sits on too many boards Medtronic, Inc Votes against management proposals. Our vote and the related companies ICGN Principle against compensation plan which is not shareholder friendly Medtronic, Inc Votes against shareholder proposals (in line with management recommendation). Our vote and the related companies ICGN Principle against shareholder proposal which would limit the company s strategic options Dell Inc Votes for shareholder proposals (against management recommendation). Our vote and the related companies ICGN Principle for separation of CEO and chairman position Dell Inc., FedEx Corporation, Research In Motion Limited 2 for report on political contributions FedEx Corporation 3 for requirement that executives hold a significant portion of their shares received as compensation FedEx Corporation 5 for shareholder proposal which is in shareholders general interests Dell Inc. 8

13 Beleggingspool Achmea Aandelen Wereld Period: July 1, September 30, 2011 Disclaimer Robeco Institutional Asset Management B.V. ( Robeco ) distributes voting reports as a service to its clients and other interested parties. Robeco also uses these reports to demonstrate its compliance with the principles and best practices of the Tabaksblat Code which are relevant to Robeco. Although Robeco compiles these reports with utmost care on the basis of several internal and external sources which are deemed to be reliable, Robeco cannot guarantee the completeness, correctness or timeliness of this information. Nor can Robeco guarantee that the use of this information will lead to the right analyses, results and/or that this information is suitable for specific purposes. Robeco can therefore never be held responsible for issues such as, but not limited to, possible omissions, inaccuracies and/or changes made at a later stage. Without written prior consent from Robeco you are not allowed to use this report for any purpose other than the specific one for which it was compiled by Robeco.

Period: July 01, September 30, General highlights

Period: July 01, September 30, General highlights Table 1. Statistics Votes Cast 2075 Number of meetings 196 For 1865 With management 1861 Withhold 6 Against management 214 Abstain 1 Against 203 Other 0 Total 2075 Total 2075 In 92 (47%) out of 196 meetings