Equity
Issued capital
The number of issued shares at both the beginning and end of the financial year was 3,702,777. EUR 370 million has
been paid up on these shares. The authorised capital amounts to EUR 1 billion, divided into 10,000,000 shares with a
nominal value of EUR 100. The shares are held by Zuivelco๖peratie FrieslandCampina U.A.
Share premium reserve
The share premium comprises primarily a capital contribution of EUR 110 million by Zuivelco๖peratie FrieslandCampina
U.A. in 2009.