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Brunel International N.V.

Earnings Release May 22, 2013

3823_iss_2013-05-22_d0a82cca-50e3-4bf8-872b-1b0fb206995b.pdf

Earnings Release

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Appendix to the press release 22 May 2013 Q1 2013

Highlights for the period ended 31 March

Brunel International (unaudited)

P&L amounts X € 1 million
Q1 2013 Q1 2012 Change %
restated
Revenue 296.2 287.5 3% *
Gross profit 52.4 55.8 -6%
Gross margin 17.7% 19.4%
Ebit 13.5 20.8 -35%
Ebit % 4.5% 7.2%
Average Directs 10,512 9,049 16%
Average Indirects 1,469 1,311 12%
Ratio direct/indirect 7.2 6.9

* +3% at constant currencies

Brunel Europe

(unaudited)

P&L amounts X € 1 million
Q1 2013 Q1 2012 Change %
Revenue 95.6 94.7 1%
Gross profit 31.5 34.4 -8%
Gross margin 33.0% 36.3%
Ebit 10.3 13.3 -22%
Ebit % 10.8% 14.0%
Average Directs 4,274 3,992 7%
Average Indirects 820 794 3%
Ratio direct/indirect 5.4 5.2
Brunel Germany
(unaudited)
P&L amounts X € 1 million
Q1 2013 Q1 2012 Change %
Revenue 49.4 44.0 12%
Gross profit 17.9 17.6 2%
Gross margin 36.2% 39.9%
Ebit 6.8 7.1 -4%
Ebit % 13.8% 16.1%
Average Directs 2,145 1,847 16%
Average Indirects 413 364 13%
Ratio direct/indirect 5.2 5.1
Brunel Netherlands
(unaudited)
P&L amounts X € 1 million
Q1 2013 Q1 2012 Change %
Revenue 38.6 42.6 -9%
Gross profit 11.8 14.9 -20%
Gross margin 30.7% 34.9%
Ebit
Ebit %
3.5
9.0%
6.1
14.3%
-43%
Average Directs 1,776 1,781 0%
Average Indirects 318 332 -4%
Ratio direct/indirect 5.6 5.4

Brunel Oil & Gas (unaudited)

P&L amounts X € 1 million
--------------------------- -- -- --
Q1 2013 Q1 2012 Change %
restated
Revenue 200.7 192.9 4%
Gross profit 20.9 21.4 -2%
Gross margin 10.4% 11.1%
Ebit 6.9 8.9 -22%
Ebit % 3.5% 4.6%
Average Directs 6,238 5,057 23%
Average Indirects 649 517 26%
Ratio direct/indirect 9.6 9.8

Brunel Energy (unaudited)

P&L amounts X € 1 million
Q1 2013 Q1 2012 Change %
restated
Revenue 165.0 127.0 30%
Gross profit 18.0 15.0 20%
Gross margin 10.9% 11.8%
Ebit 5.4 4.4 21%
Ebit % 3.3% 3.5%
Average Directs 5,815 4,235 37%
Average Indirects 605 470 29%
Ratio direct/indirect 9.6 9.0

Brunel Projects (unaudited)

P&L amounts X € 1 million
Q1 2013 Q1 2012 Change %
Revenue 35.7 66.2 -46%
Gross profit 2.9 6.4 -55%
Gross margin 8.0% 9.6%
Ebit 1.5 4.9 -70%
Ebit % 4.1% 7.4%
Average Directs 423 822 -49%
Average Indirects 33 27 22%
Ratio direct/indirect 12.8 30.4

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