Court delivers ruling in matter between Delta Lloyd and Dutch Central Bank (DNB)

This afternoon, at 5:45 p.m., the court delivered a ruling in open court. The court only pronounced its decision (operative part). It did not go into the reasons underlying its decision. The entire ruling will not be published by the court until Monday, 3 August 2015, the reason being that - as is customary in matters such as these - the parties will be given the opportunity to respond to the version of the ruling that the court wants to post on Given this, Delta Lloyd will not respond until it has analysed the ruling as a whole. Delta Lloyd will not make any further comments on this matter until Monday morning 07.30 a.m.

The operative part of the ruling pronounced by the court reads as follows:

On 31 July 2015, a decision was pronounced in the administrative matters concerning the fine that was imposed on Delta Lloyd Levensverzekeringen N.V. and the instruction to dismiss a Delta Lloyd executive.

The court has ordered DNB to take new decisions in response to the objections raised against the instruction and ruled that the dismissal need not be effected for a period of definite duration. The court also ruled that DNB was correct in imposing the fine. It did, however, lower the fine by € 120,000, thereby reducing it to € 22,680,000. The court will not allow publication of the fining decision.