Disclaimer

This report is a translation and condensed version of the Dutch annual report dated 7 May 2021, which includes a summary of the statutory financial statement which was composed as follows: the original consolidated balance sheet as on 31 December 2020 and the operational result statement over 2020 were copied integrally from the statutory financial statement. The statutory financial statement is based on Title 9 Book 2 of the Dutch Civil Code (BW). This summary suffices with repeating the principles for the material financial statement items. The notes that are required based on Title 9 Book 2 of the Dutch Civil Code are included in a simplified version, taking into account the intended purpose of these summarised financial statements. The summary also includes comparative figures. Consulting this summary cannot replace consultation of the statutory financial statement over book year 2020 as various simplifications are made in the summary. Readers who would like more information can download a copy of the statutory financial statement via the website jaarverslag2020.dela.nl (only available in Dutch). All other chapters have been copied integrally from the original annual report.

Parts of this annual report refer to future expectations. These components may – without limitation – include expectations about future realised and unrealised results, returns, payments, market developments, government measures, the influence of other regulatory measures on DELA’s or its subsidiaries’ activities, and macroeconomic trends and DELA's performance within them. Such statements are preceded by, followed by or contain words such as ‘believes’, ‘expects’, ‘predicts’, ‘believes’, ‘anticipates’, or similar expressions. These statements refer to future activities based on current assumptions and are subject to uncertainty, including known and unknown factors of which many are beyond DELA's control. This means that actual future results may differ materially from these expectations.