Results OSF over the financial year 2005/2006

Dit is een origineel persbericht.

Results Orange SeNSe Fund N.V. over the financial year 2005/2006


David Simons, Managing Director: 'The investment results of Orange SeNSe Fund N.V. are again outstanding over the reporting period. These results are driven by a continuous improvement of corporate results on the back of accelerating growth of European economies, and as well as the benefits of cost cutting efforts. Another major driver for stock price increase was a rise in M&A activity. As the Orange SeNSe Fund N.V. endeavours to combine strong investment results with higher standards on social responsibility issues, such as environmental awareness and ethical standards, the engagement process with companies on SRI standards continues unabated in order to increase awareness to ever higher levels.'

'Although providing a short-term outlook for the return prospects of the fund is rather hard, we believe it is unlikely that the annual returns as recorded over the last three years will be repeated in the next twelve months. For the longer-term, we are optimistic, as we continue to uncover attractive investment opportunities, based on a bottom-up stock selection process, focusing on identifying high quality companies and companies undergoing structural change.'

The annual report 2005/2006 is expected to be available at the end of November 2006.

The key figures as at 30 September 2006 were as follows.

Net assets: EUR62.4m
Number of outstanding shares: 2,315,177
Net asset value per share: EUR26.71
Market price per share: EUR27.00
Total investment return based on net asset value per share: 29.8%


Amsterdam, 13 November 2006

Kempen Capital Management N.V.

For more information:
Mr P.A.M. Gerla: +31 (0)20 348 8700



Bloomberg: OSENS NA






Kempen & Co Profile
Kempen & Co is a Dutch merchant bank providing various specialised financial services in asset management, corporate finance and securities brokerage. Clients include institutional investors, companies, financial institutions, public and semi-public institutions, foundations and high-net-worth private clients.

Kempen Capital Management (KCM), a fully owned subsidiary of Kempen & Co, provides asset management services. KCM manages portfolios in European equities, bonds and real estate securities for a range of institutional investors, foundations and high-net-worth private clients, through mandates and investment funds, including the well-known 'Orange' funds. KCM's mission is to achieve attractive investment performance by fielding highly specialised asset management teams. Moreover, KCM offers integral fiduciary investment solutions and selects investment boutiques for its clients. KCM pursues optimal investment results and works with highly specialised management teams.

Kempen & Co Corporate Finance, a fully owned subsidiary of Kempen & Co, focuses on providing advice on mergers and acquisitions as well as capital market transactions. Clients include both listed and non-listed Dutch companies as well as foreign companies who have entered the Dutch market or are planning to do so.

Kempen & Co Securities focuses on securities brokerage, with special emphasis on Dutch stocks and derivatives and European real estate securities, serving professional investors in Europe and the US. Kempen & Co Securities provides clients with high-quality research and order execution.

For more information on Kempen & Co, go to: www.kempen.nl



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