TPG N.V. announced that the Supervisory Board has elected Mr. J.H.M. Hommen, member of theSupervisory Board since 1998, as chairman of the Supervisory Board effective as of the closing of
the Annual General Meeting of Shareholders to be held on 7 April 2005. The election of Mr. Hommenis subject to his re-appointment as member of the Supervisory Board by the Annual General Meetingof Shareholders on 7 April 2005.Mr. Hommen will succeed Mr. M. Tabaksblat, who will step down as chairman and member of theSupervisory Board as of the closing of the Annual General Meeting of Shareholders on 7 April 2005.Mr. Tabaksblat has been chairman of the Supervisory Board since 2001 and member of the SupervisoryBoard since 1998.
The Supervisory Board and Mr. Hommen acknowledge that this election is not fully in compliancewith the Dutch Corporate Governance Code. However the Supervisory Board feels that this election iscaused by unforeseen circumstances and is pleased that Mr. Hommen is willing to accept thisimportant position. The Supervisory Board anticipates that Mr. Hommen will resolve thenon-compliance in due course.
