Miscellaneous

    SIERMANN SUCCEEDS VLIEGENTHART AT RORENTO

Edith Siermann will succeed Bas Vliegenthart as the fund manager for
Rorento on 1 May 2004. She will combine this new function with her
current position as head of the Fixed Income department.

Bas Vliegenthart, who managed Rorento for 16 years, will retire. He
has been working at Robeco since 1986; before that he was head of
International Monetary Affairs at the Dutch Ministry of Finance. Bas
Vliegenthart had already stepped down from his function as head of
the Investments & Account Management department in 2003.

Edith Siermann (1965) joined Robeco after studying economics at the
Erasmus University in Rotterdam. After working in all functions in
the department, she became head of the Fixed Income department in
2000. Edith Siermann has managed Euro Obligaties Dividend, Money Plus
en Nettorente and several institutional funds and mandates.

This summer, Rorento will complete 30 years of investing globally in
government and corporate bonds, realizing an average return of 9%
since inception.

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, Luxembourg,
Switzerland, Germany and Spain. 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).

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
+31 - 10 - 224 28 10
+31 - 653 - 831 586
E-mail: [e-mail]


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