Koninklijke Reesink NV : STRONG INCREASE IN REVENUE AND PROFITABILIORGANICTY

 Preliminary results in 2014

 Executive Committee

 Market listing

 Purchase of cumulative preference shares A

In the last quarter of 2013, Royal Reesink made important progress in the realisation of its growth strategy with its largest-ever acquisition (Reesink Material Handling Equipment). This was followed up in 2014 by the acquisition of the operations of CT Agro (in January) and O. de Leeuw Groentechniek (in October). This led not only to a strong increase in revenue and profitability, but also to a large number of new employees. Successful integration is the second and no less important step. Integration of the acquired businesses was therefore an important focus of attention last year. Significant steps were made, also with regard to the company's share structure.

The preliminaryl1consolidated revenue in 2014 amounted to € 473.2 million and thus represents a doubling of the revenue reported for 2013 of € 236.2 million (pro forma
2013: € 402.4 million). In organic terms2revenue increased by 7.3%.
Reesink Equipment's revenue increased from € 198.0 million (pro forma 2013: € 349.1 million) to € 421.7 million. The newly acquired businesses contributed over € 41 million (especially CT Agro). In organic terms, Reesink Equipment's revenue was up nearly 9%.
The revenue of Reesink Industries increased from € 37.8 million to € 50.7 million. In organic terms, revenue at Reesink Industries declined by 4%. The revenue from personal protection items and steel (lower steel prices) was clearly lower, while there was a small increase in revenue at Motrac Hydraulics.
The operating result excluding interest, depreciation and amortisation (EBITDA) increased nearly 90% to € 28.0 million (2013: € 14.9 million). The pro forma EBITDA over the same period in 2013 was € 26.7 million. The contribution to EBITDA from Reesink Construction Equipment and Reesink Green Equipment was satisfactory, partly due to a very successful first year for CT Agro's operations in Kazakhstan. On the other
hand, the contribution of Reesink Material Handling Equipment to the result was not yet

1 All figures stated in this press release are preliminary, pending completion of the audit.

2 2013 like-for-like Reesink Material Handling Equipment, Motrac Hydraulics and Hans van Driel, 2014 excluding CT Agro and O. de Leeuw Groentechniek

satisfactory, as a result of margin pressure combined with higher costs, some of which are non-recurring. EBITDA was higher at Reesink Industries, but we certainly consider there is potential for further improvement.
Administrative expenses increased during the year under review. Strong growth, the
internationalisation of the business, ensuring control and the ambition to grow further in the coming years have led to well-considered changes to the organisational structure with the investment in the organisation that this entails.
The operating result (EBIT) came to € 17.5 million (2013: € 10.4 million). The pro forma operating result over the same period in 2013 was € 16.2 million.
The preliminary net result of € 8.9 million was 97% higher than in 2013 (€ 4.5 million). Expenses relating to financing activities were up by € 1.0 million compared to the 2013 financial year due to the funding of acquisitions and associated costs. Results from investment property and fair value adjustment of the real estate are expected to amount to € 1.7 million negative (2013: € 1.8 million negative). This is mainly due to a further write-down of real estate by € 2.4 million.
Based on the provisional net result, earnings per share amount to € 7.11 (2013: € 4.85).

The daily management of Royal Reesink is now the responsibility of an Executive Committee. The Executive Committee consists of the CEO (as chairman), the CFO, the division directors and the officers responsible for human resources and legal affairs.

After consultation with the institutions concerned, we are currently preparing for the transition to Euronext as of the end of April 2016. This will involve implementation of IFRS and the publication of a prospectus, among other things.

Royal Reesink intends to adjust its share structure through the purchase and cancellation of 260,000 cumulative preference shares A held by Recopart B.V. This company operated the Employee Stock Ownership Plan, which effected payment to the participants in accordance with the conditions in 2011. Royal Reesink has today reached agreement in principle with the board of Recopart B.V. regarding the purchase of the cumulative preference shares A. We expect to be able to complete the purchase in early April. The number of shares with voting rights will then decrease with 260.000.
The final annual results for Royal Reesink N.V. for 2014 will be published before the stock market opening on 3 April 2015. The annual report for 2014 will be published on
10 April 2015.

The Annual General Meeting of Shareholders will be held on 20 May 2015 and will commence at 2:00 p.m. Location: Hotel de Cantharel, Apeldoorn

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, 2 March 2015 The Management Board of Royal Reesink N.V.

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

Mr G. van der Scheer, CEO Royal Reesink N.V. Tel.: +31 (0)575 599 301

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