HAL

HAL Investments B.V. is the European investment subsidiary of HAL Holding N.V., an international investment company ba_sed in Cura?ao. All shares of HAL Holding are held by HAL Trust and form the Trust's entire assets. The shares of the Trust are admitted to the official listing of Euronext Amsterdam N.V. (Ticker symbol: HAL NA). The history of HAL dates back to April 18, 1873, when the Nederlandsch-Amerikaansche Stoomvaart-Maatschappij (N.A.S.M.) was founded in Rotterdam, the Netherlands. The company continued its activities under various names and is now operating as HAL Holding N.V. 　　HAL's strategy is focused on acquiring significant shareholdings in companies, with the ob_jective of increasing long-term shareholder value. When selecting investment candidates HAL emphasizes, in addition to investment and return criteria, the potential of playing an active role as a shareholder and/or board member. HAL does not confine itself to particular industries. Given the emphasis on the longer term, HAL does not have a pre-determined investment horizon.