Supervisory Board Remuneration

The General Meeting determines the remuneration of the members of the Supervisory Board. The remuneration of the Supervisory Board is not linked to the financial results of the Company and they do not receive any performance- or equity-related compensation nor accrue any pension rights with the Company. None of the Supervisory Directors may hold shares, options for shares or similar securities other than as a long-term investment.

Remuneration for the Supervisory Board in 2014

The total aggregated remuneration of the Supervisory Board in 2014 was €201,000. Supervisory Board members are reimbursed for all reasonable costs of travel, accommodation and representation incurred in the performance of their duties. As of 31 December 2014, none of the Supervisory Board members held any GrandVision shares or options on GrandVision shares. For more detail on the 2014 remuneration of the Supervisory Board, see note 34.5 to the Consolidated Financial Statements, entitled “Supervisory Board Remuneration”.