ABP press release, first half-year 2009

Main points:

• Coverage ratio increases from 90% to 98% during the first six months of 2009
• Return on investments over first half of 2009 is 4.5%

• ABP’s recovery plan was approved

Heerlen, 15 July 2009 – Stichting Pensioenfonds ABP’s coverage ratio has increased from 90% to 98% in the first six months of 2009. ABP’s Board is satisfied with this substantial increase in the coverage ratio, the most important indicator for the Pension Fund’s financial position. However, the Board warns against over-optimism: the Board is of the opinion the financial markets are still too unsettled.
The increase in the coverage ratio is in part (50%) due to an increase in the fund’s assets resulting from the positive return on investments and, for the remainder, due to a decline in the liabilities – primarily resulting from an increase in the market rate of interest –.
Over the first six months of 2009, the return on investments was 4.5%.

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