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FAQ


 What is the Roto Smeets Group?
 What is Roto Smeets Group's objective over the coming years?
 How is the total turnover spread across the business lines?
 What is the geographical distribution of the turnover?
 What is the breakdown by production process?
 What is the breakdown by market segment?
 What are the prospects?
 Where are Roto Smeets Group shares listed?
 How many shares have been issued?
 Who are the major shareholders?
 What is Roto Smeets Group's dividend policy?
 When will the year and the half-year figures be published?
 Who should I contact with IR-related queries?

What is the Roto Smeets Group?

Roto Smeets Group NV (former RSDB NV) is a graphic business and forms part of the information and communication industry. Roto Smeets Group NV is quoted on the NYSE Euronext, the Amsterdam Stock Exchange. Roto Smeets Group comprises 23 limited companies. Apart from the Hungarian rotogravure printers Antok, all working companies are wholly-owned subsidiaries of Roto Smeets Group BV or

Roto Smeets Group NV. The branches are headed by a (statutory) director.

Roto Smeets Group is one of the top five independent graphics businesses in Europe that use paper as the most important information carrier and thus produce and supply printed matter. Both at home and abroad, Roto Smeets Group supplies a wide range of multimedia services and products.

Roto Smeets Group's activities are grouped into two business lines: Print Productions and Marketing Communications:

PRINT PRODUCTIONS: The efficient production of gravure, web offset and sheetfed

print using specialised, full-service companies as consultant, producer or director, managing the total value chain from prepress to distribution.

MARKETING COMMUNICATIONS: Marketing Communications combines various services, from content creation to content management. The focus areas of the services offered are: concept & creation and automation.

 

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What is Roto Smeets Group's objective over the coming years?

It is Roto Smeets Group’s ambition to provide efficient and high added-value services to its clients. Roto Smeets Group aims to realise this in a client focussed, open and reliable culture. A culture that is characterised by an urge for perfection, respect and mutual trust.

Adaptability, scale, modern means of production and speed of action must thereby contribute to a healthy development of earnings per share. Roto Smeets Group considers its environmental policy - like its concern for health, safety and welfare - to be an integral part of company policy. It also has a social engagement and

responsibility with respect to its employees, customers and community.

The company objective is to achieve an EBITDA /Valueadded value ratio of at least 20 %, with a return on capital employed of 8 %. This with a minimum solvency ratio of 30%, a debt / EBITDA ratio of no more than 3 and EBITDA /
interest costs ratio of at least 4.75. The company hereby focuses on free cashfl ow with a very strict discipline on investments for the longer term and strict control
of costs and working capital. In the current economic climate, a solid fi nancial balance sheet position is crucial for maintaining the confi dence of our customers, our suppliers, our shareholders and our employees.


Surplus free cashflow will be used to:
• reduce debts and pay dividend;
• maintain a strong balance sheet to be able to play a role in the necessary  

   consolidation.

 

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How is the total turnover spread across the business lines?

In percentage terms, 96% of the turnover is achieved by Print Productions and 4% by Marketing Communications.

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What is the geographical distribution of the turnover?

Geographical distribution of the 2008 turnover

Export       40%

Holland     60%

Export:

Scandinavia                       38.2%

England                             12.6%

Germany                           16.9%

Belgium                             13.7%

France                                 8.4%

USA                                     1.8%

Hungary                              4.8%

Other                                  3.6%


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What is the breakdown by production process?

The turnover of 2008 can be broken down by production process as follows:

Gravure                             46%

Web-offset                         42%

Prepublishing / DM               6%

Sheet-fed                            6%



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What is the breakdown by market segment?

The turnover can be broken down by market segment as follows:

Magazines                          39%

Promotional Print                42%

Catalogues                         10%

RTV magazines                    8%

Directories                           0%

Other                                  1%

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What are the prospects?

The strategy of Roto Smeets Group remains unchanged, and will remain
aimed at playing a leading role in a drastic consolidation of our industry, based on a strong balance sheet and with professional management. The lack of success with
regard to the plans regarding co-operation of 2008 and the current deteriorated situation of the market force us to restructure the organisation, based on a stand-alone scenario. Our aim remains to play a leading role in the materialisation of a European consolidation, which means that in addition to increasing our scale we also must take the necessary actions to restore the balance of supply
and demand. Not only in view of the current problems of the market, also with a view on the future developments on the demand side.

Consolidation also means creating a healthy geographical distribution of services over Europe. That requires different approaches with regard to gravure and web off set printing. Based on its geographic competitive strength, gravure is much more a European activity than web off set, and will therefore require different solutions, whereby the technical specifications are identical. In order to be commercially able to follow the development of the market, Roto Smeets Group believes it must
have both printing methods within its organisation. The strategy is also aimed at continuing to make carefully weighted investments within the process of consolidation in order to replace outdated technology with the aim of
remaining competitive with regard to pricing and service, while remaining profi table.

In line with our strategy, we have stated a number of priorities for 2009 that apply to the company as a whole.


These priorities are:
• On the commercial front, making sure that we can keep delivering the high 
   quality / price ratio regarded as ‘normal’ by the market, within the desired result
   development.
• Maintaining a healthy balance sheet by strictly managing the operating cashflow 
  while not allowing debts to increase. Focus areas are the best possible service and

  value propositions for our customers, capital discipline on investments and strict

  working capital management and control.
• Cost control in the continuation of efficiency programmes and further process

  management through the use of information technology.
• Drawing up and execution of a stand alone business plan, whereby drastic

  measures will be taken to structurally reduce costs, structurally improve

  productivity and improve the result and returns.

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Where are Roto Smeets Group shares listed?

Roto Smeets Group NV is a Dutch company with registered offices in Deventer which acts as the holding company for the national and international businesses of Roto Smeets Group companies. The law requires Roto Smeets Group to be a full dual-board company. Roto Smeets Group is listed on NYSE Euronext with Amsterdam as its market entry place.

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How many shares have been issued?

The company's authorised share capital is euro 75 million, and is divided into 7,500,000 ordinary shares and 7,500,000 preference shares, each with a value of euro 5. At 31 december 2008, 3,290,275 ordinary shares had been issued.

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Who are the major shareholders?

Laxey Partners 18,9%
Riva Investments BV 15,3%
VNU (Verenigd bezit) 13,5%
ING Group NV 12,1%
Bestinver   14,1%
Marsala BV   6,8%

These percentages represent the numbers as at 31-12-2008.

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What is the dividend per share?

RSDB´s dividend policy is based on a cash payout of 40% of the net result per ordinary share as long as the solvency meets the required minimum of 30%. For the years 2006 and 2007 RSDB chose, in view of the healthy balance sheet, to pay the same dividend as for 2005, being 75% of the 2006 net profi t and 107% of the 2007 net profit.


In the context of the conditions under which the banks have given a waiver over 2008 and the new credit facilities no proposal for dividend pay out over 2008 will
be made.
In addition, in the light of the prospects for 2009 and the necessary far-reaching measures as part of our standalone plan, it is an appropriate gesture towards all people in our organisation.

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What are important dates in 2009?

The half-year figures will be published on August 20, 2009 followed on November 12 with the business update on the 3rd quarter.

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Who should I contact with IR-related queries?

For IR-related queries only, please contact Mr L. van Gelder.
Email: leo.van.gelder@rotosmeets.com
Tel.: +31 570 69 49 00

For other Corporate questions, please contact Emily Knegtel
E-mail: emily.knegtel@rotosmeets.com
Tel.: +31 570 69 49 33

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