Aalberts issues new shares

Aalberts Industries N.V. announces that it issued 1,925,000 new ordinary shares, representing 9.9% of its outstanding ordinary share capital. The offering has been placed with institutional investors. Dexia Securities acted as sole lead manager for the offering.

The offer price is based on the current share price of Aalberts Industries N.V. The new ordinary shares will be eligible for any dividends payable on the ordinary shares in respect to Aalberts Industries N.V. financial year 2001 and subsequent financial years.

The proceeds of this emission will be used for acquisition purposes.

The shares will be listed on the Euronext Amsterdam and application for listing will be made in due course. Admission to listing, as well as payment and delivery of the new shares in the offering, are expected to take place on Wednesday, 3 April 2002.