CHANGES TO THE MANAGEMENT BOARDS OF ROBECO N.V., ROLINCO N.V. AND ROBECO HOOG DIVIDEND ONROEREND GOED N.V.

    Rotterdam, 24 September 2004

Due to the previously announced departure of Marnix Vriezen, from 1
October 2004 the management board of Robeco N.V. will consist of Mark
Glazener and Volker Wytzes, and the management board of Rolinco N.V.
will consist of Arnout van Rijn and Volker Wytzes. The management
board of the Robeco Hoog Dividend Onroerend Goed N.V. real-estate
fund currently being introduced will consist of Mark van der Kroft
and, subject to approval by the Dutch regulator the Authority for the
Financial Markets, Volker Wytzes.

About Robeco
Robeco provides discretionary asset management products and services,
as well as a complete range of mutual funds to a large number of
institutional and retail clients worldwide. Robeco's product range
encompasses fixed-income and equity investments, as well as balanced
accounts, money-market funds and alternative investments.

Robeco distributes its funds for the retail market directly, and
through other financial institutions. Several of its mutual funds,
including the flagship Robeco N.V., are listed on major European
stock exchanges such as Amsterdam, Paris, Frankfurt and London.

As well as from its head office in Rotterdam, Robeco services its
clients from its European offices in Belgium, France, Germany, Spain
and Switzerland. In the United States, Robeco has offices in New
York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston
Partners), White Plains (Sage Capital Management) and Toledo (Harbor
Capital Advisors). It also has an office in Bahrain.

Robeco is the center for asset management with full operational
independence within the Rabobank Group. The combination of the
highest credit ratings from the major international rating agencies
and the highest Sustainability Cluster Score within the banking
sector reflects the high added value Rabobank has always offered its
investors, members, clients and employees.

Ronald Florisson, Corporate Communications Robeco
Office +31 - 10 - 224 28 10
Mobile +31 - 653 - 831 586
E-mail: [e-mail]


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