HAL Trust ANNUAL

Business / Consolidation

List of Principal subsidiaries and minority interests as of December 31, 2023 Name Country of incorporation Nature of business Interest in common shares Interest in preferred shares Non-controlling interest Subsidiaries HAL Holding N.V. Curaçao Holding company 100.0% 0.0% 0.0% HAL Investments B.V. The Netherlands Holding company 100.0% 0.0% 0.0% HAL Real Estate Inc. U.S.A. Real estate 100.0% 0.0% 0.0% IQIP Holding B.V. The Netherlands Hydro hammers 100.0% 0.0% 0.0% Koninklijke Boskalis B.V. The Netherlands Dredging and offshore 100.0% 0.0% 0.0% Rotter y Krauss Chile Optical retail 100.0% 0.0% 0.0% FD Mediagroep B.V. The Netherlands Media 98.3% 100.0% 1.7% Koninklijke Ahrend B.V. The Netherlands Office furniture 98.0% 100.0% 2.0% Broadview Holding B.V. The Netherlands Industrial 97.4% 0.0% 2.6% MSPS Holding B.V. The Netherlands Financial services 95.1% 0.0% 4.9% 280ppm B.V. The Netherlands GHG reduction investments 95.0% 100.0% 5.0% Timber and Building Supplies Holland N.V. The Netherlands Building materials 94.3% 0.0% 5.7% AN Direct B.V. The Netherlands Hearing aids 90.0% 0.0% 10.0% SB Real Estate The Netherlands Real estate 90.0% 0.0% 10.0% Van Wijnen Holding B.V. The Netherlands Construction 88.0% 100.0% 12.0% Atlas Professionals B.V. The Netherlands Staffing 86.9% 0.0% 13.1% HR Top Holding B.V. The Netherlands HR services 86.1% 100.0% 13.9% GreenV B.V. The Netherlands Greenhouse projects 74.6% 0.0% 25.4% Pro Gamers Group Germany Computer gaming equipment 64.3% 81.2% 35.7% Anthony Veder Group N.V. Curaçao Shipping 62.9% 0.0% 37.1% Auxilium GmbH Germany Orthopedic devices 53.1% 0.0% 46.9% Controlled minority interests Safilo Group S.p.A. Italy Optical products 49.84% 0.00% 50.16% Koninklijke Vopak N.V. The Netherlands Tank terminals 48.15% 0.00% 51.85% All the above entities are included in the consolidation. The proportion of the effective voting rights in the respective entity are virtually equal to the proportion of the ordinary shares held. Non-controlled interests Publicly traded SBM Offshore N.V. 22.88% Other Coolblue Holding B.V. 49.00% Prodrive Technologies Group B.V. 47.03% DMF Holding B.V. 28.50% Basis of preparation The consolidated financial statements presented are those of HAL Trust (the ‘Trust’), a Bermuda trust formed in 1977, and its subsidiaries (the ‘Group’) as well as the interests in associates and joint ventures and were prepared in a