Pakhoed Shareholders Give Vopak Green Light

1 November, 1999

Rotterdam, November 1, 1999. The extra ordinary meeting of shareholders of Royal Pakhoed decided today in favor of the legal merger with Royal Van Ommeren and Vopak N.V. as described in the text of the merger proposal dated September 28, 1999.

The merger decision can be implemented once the extra ordinary meeting of shareholders of Royal Van Ommeren and the Executive Board of Vopak have likewise decided in favor of the merger.

For further information please contact:
Pakhoed:
Mr. F. de Meester:
+31 (0) 10 400 21 20