Ballast Nedam NV: Investigation Into Foreign Entity 1998 - 2001

NIEUWEGEIN, Netherlands, January 21, 2011 /PRNewswire/ -- Ballast Nedam has begun an internal investigation in response to a request by the tax authorities for information on the accounts of a foreign entity covering the period 1998 - 2001. This foreign entity was closed down in 2001. Ballast Nedam has handed over the accounts related to this investigation to the Public Prosecution Service for possible further examination. Ballast Nedam shall cooperate with their investigation in any way possible. Ballast Nedam is looking into the possibility of pressing charges.

PRN NLD.