All amounts in millions of euros unless stated otherwise.

See note 6 ‘Remuneration of the Board of Management and Supervisory Board’ to the consolidated financial statements for the remuneration of Board of Management and Supervisory Board pursuant to Section 383, Part 9, Book 2 of the Dutch Civil Code.

Movements in the equity of Eneco Groep N.V. were as follows:

See note 'Equity' to the consolidated financial statements for details of individual components of equity.

Statutory reserves are recognised pursuant to Part 9, Book 2 of the Dutch Civil Code. Eneco Groep N.V.’s statutory reserves are a translation reserve, cash flow hedge reserve, retained earnings, reserve for undistributed profit of associates and a reserve for research and development costs. On the contribution of N.V. Eneco Beheer, Eneco Groep N.V. took over all the statutory reserves of N.V Eneco Beheer and its subsidiaries.

The total amount of the undistributed profit of shareholdings and research and development expenses reserves (€38 million) was deducted from the share premium and not adjusted through Retained earnings since Eneco Groep N.V. does not yet have any retained earnings.

Distributable results

Eneco Groep N.V. did not distribute a dividend in 2017.

The non-distributable capital attributable to Eneco Groep N.V.’s shareholders was €51 million at 31 December 2017. The individual method was used for the cash flow hedge reserve.

The fees below relate to the fee for accountancy and consultancy services by Eneco’s external auditor, Deloitte Accountants B.V., as defined in Section 1.1 of the Audit Firms Supervision Act ('Wet toezicht accountantsorganisaties' - Wta), and includes those charged by entities associated with the auditor in the Deloitte network.

The fee for the audit of the Eneco Groep N.V financial statements included audit work on the consolidated and company financial statements of this company. The above fees relating to the audit of the 2017 financial statements include work not performed during the reporting period.

Other audit engagements are the audit of the statutory financial statements of subsidiaries and related engagements. Other non-audit services are those permitted by law and regulations.

A proposal will be put to the General Meeting of Shareholders on 28 March 2018 to declare a dividend to the shareholders of €63.5 million from the consolidated profit after tax attributable to the shareholders. This represents a distribution of €12.77 per share for 2017. The dividend will be paid on xx April 2018. €46 million of the remaining consolidated profit has been appropriated and added to the share premium. A proposal will also be made to add the remaining €17.5 million of the consolidated profit to Retained earnings.

Rotterdam, 16 February 2018

Eneco Groep N.V.