Change in composition of the Executive Board

As agreed, Carel van den Driest, Chairman of the Executive Board, plans to step down on 1 January 2006. On the same day, John Paul Broeders, current Vice-Chairman, will succeed him.
Mr Van den Driest has been Chairman since 1 July 2002. Under his leadership, Vopak launched its Tank Terminal-Plus strategy, pursuant to which it concentrated exclusively on the core activity of tank storage. Since then, an extensive programme for divesting non-core activities has substantially reduced the debt position. During the past three years, Vopak’s network has been enlarged by the addition of eight terminals in seven countries, with more terminals currently under construction. The result is a further strengthening of the foundation for growth in all regions of the world.

The Supervisory Board plans to nominate Mr Van den Driest at the Annual General Meeting of 2006 as a member of the Supervisory Board.

Carel van den Driest (1947) Chairman of the Executive Board (CEO)	Education: Masters Degree in Business Administration. Career: Carel van den Driest joined Van Ommeren in 1974. He held various positions, amongst others Managing Director of the terminal in Singapore and of Van Ommeren Rotterdam (Agencies & Transport). In 1988 he was appointed member of the Executive Board of Van Ommeren and Chairman from 1991 until 1999. Joined Vopak in July 2002 as Chairman of the Executive Board.
John Paul Broeders (1964) Vice Chairman of the Executive Board	Education: Masters Degree in Business Administration Career: After his studies John Paul Broeders joined Van Ommeren in 1990. Since then he has held various positions in the company amongst which a four year stay in Japan for the Agencies activities and the position of Vice President Marketing & Sales for the division Chemicals Logistics Europe & Africa. From 2000 till the appointment to the Executive Board in May 2004 he was President of Vopak Asia.
Jack de Kreij (1959) Member of the Executive Board (CFO)	Education: Registered Accountant (RA), Certified Management Accountant Career: Jack de Kreij was employed with the Dutch Ministery of Finance from 1980 until 1986. He joined Pricewaterhouse Coopers (PwC) in 1986 and was amongst others Manager Merger & Acquisitions (New York). After being appointed Partner in 1990 he fulfilled several management roles within PwC. Before being appointed as member of the Executive Board of Royal Vopak he was Senior Partner and Territory Leader in the Netherlands for PwC's Transaction Services. Member of the Executive Board since January 2003.
Frans de Koning (1949) Member of the Executive Board	Education: MSc Mech Eng, Master in Chemical Engineering Career: Frans de Koning joined Royal Dutch/Shell Group in 1976, holding various operational and commercial positions in the Netherlands and abroad. In the 90s he was amongst others Director of Shell Moerdijk, Shell Pernis and Shell Nederland. Before being appointed as member of the Executive Board of Vopak in April 2005, he was Senior Vice President, Unconventional Resources of Shell Exploration & Production Company in Houston (United States).