Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V.

Management Reports • May 13, 2011

PALMBOOMEN CULTUUR MAATSCHAPPIJ - MOPOLI N.V.

INTERIM MANAGEMENT STATEMENT

(Period from 01/07/2010 to 31/03/2011)

During the period, the profit amount 492 thousand EUR (including interim dividend of Socfin, previously Socfinal).

Financial incomes have increased (279 thousand EUR compared to 66 thousand for the previous accounting year) due to the slight increase of the short term interest rate.

The Extraordinary General Meeting hold on the 10th June 2008 authorized the company to buy back its own shares pursuant article 2:98 of the Dutch Civil code. At 31 March 2011, 5.105 ordinary shares and 201 Founder's shares have been buy back by Mopoli.

Mopoli expects a re-evaluation of its available for sales instruments with a net positive impact of 3.9 million EUR on the consolidated equity. Final evaluation will be done at market price at the closing date.

The management do not foresee any specific or noted any new uncertainties that the company should have to face for the end of the current financial year.

The Directors. 0000

FINANCIAL REPORTING SUPERVISION

FORM FOR FILING HARDCOPY PERIODIC INFORMATION AS REQUIRED BY PARAGRAPH 5.1a.1.2 OF THE DUTCH ACT ON FINANCIAL SUPERVISION ('WFT'), SECTIONS 5:25C, 5:25D AND 5:25E WFT

• $1.$ : PALMBOOMEN CULTUUR MATSCHAPPIJ Statutory name of the issuer
• Address of registered office
• MOPOLI $3.3 - 5W$ FRISOLAAN
• a) Address (Street name) b) Postal code
• $:251755$

c) City

$\overline{2}$ .

: DEN HAAG

d) Country

• : HOLLAND
• $3₁$ Please select the type of information:
• Annual financial report
• $\Box$ Half-yearly financial report
• $\boxtimes$ Interim management statement
• $\Box$ Public message released by the issuer
• $\overline{4}$ Home Member State:
• 1. (Choice) Home Member State valid until:
• 1. If applicable date of adoption of the Annual financial report:
• $7.$ Please select the language of the periodic information:
• $\Box$ Dutch
• $\Box$ French
• $\Box$ German
• $\boxtimes$ English
• $\Box$ Other namely:

Periodic information runs from $\alpha$ /07/2010 to 31/03/2011 8.

• 1. Please select report type
• $\Box$ Consolidated and company financial statements
• $\Box$ Company financial statements
• 1. Please select reporting standards:
• IFRS and Title 9 of Book 2 of the Dutch Civil Code
• $\boxtimes$ IFRS
• $\Box$ Title 9 of Book 2 of the Dutch Civil Code
• $\Box$ Other reporting standards namely:

FORM FOR FILING HARDCOPY PERIODIC INFORMATION AS REQUIRED BY PARAGRAPH 5.1a.1.2 OF THE DUTCH ACT ON FINANCIAL SUPERVISION ('WFT'), SECTIONS 5:25C, 5:25D AND 5:25E WFT

1. Which securities are admitted to trading by the issuer:

2. XI Shares, other similar securities (such as participations or depository receipts) and/or debt securities of which the denomination per unit is less than $\epsilon$ 1.000,--

3. $\Box$ Exclusively debt securities (such as bonds) of which the denomination per unit is at least equivalent to $\in$ 1.000,-- but less than $\in$ 50.000,--
4. 1. On which regulated market(s) are the securities of the issuer admitted to trading?

EURONEXT BRUSSELS

Additional information

Contact details

1. Name	: HARS DANIEL
2. Address	: PLACE DU CHAMP DE MARS 2
3. Postal code	$\sim 10$
4. City	: BRUSSELS
5. Country	: BELGIUM
6. Phone number	÷
7. Fax number
8. E-mail	$:$ dhs $@$ socfin.be

Completed truthfully:

Date

BRUSEZZC

City

$\sim$ $\overline{a}$

Signature