Donkers appointed Chairman of the Managing Board of STATER N.V.

Amersfoort, The Netherlands, 26 November 2003 - STATER today announces that Rudolph Donkers will take up his post as Chairman of the Managing Board of STATER N.V. as per 1 December. He replaces Rik Douwes who left STATER at the beginning of July.

Rudolph Donkers, (47) studied law, business economics and an MBA in New York/ Rotterdam after which he gained broad senior experience in a 17 year career within the ABN AMRO Bank. Here he developed his entrepreneurial and commercial skills in positions such as Regional Director and also in the Product Development Division of the Business Unit Nederland in which he ultimately had overall responsibility for the Securities Operations. Donkers has extensive experience in commerce, operational risk management, operational excellence and insourcing.

Donkers’ appointment as the new Chairman of the Managing Board – where he will work closely with Director Harry de Brauw - reinforces and supports the change of direction that was announced earlier this year. STATER has changed its strategy to approach large players in the European and Dutch markets, as well as continuing to enhance and optimize its relationship with its current clients.

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