Catom Annual Report 2020 EN

company operates in. Considering the consolidation initiatives in the market, acquisitions are again quite possible in 2021 in order to realise this ambition. In this context, in 2021 we will take additional steps to further simplify and automate our operations. This will include projects in the areas of planning and administration. Catom expects turnover growth and a comparable operating result / profit level in 2021. No material events have taken place between the balance sheet date and the date of signing of the annual accounts for 2020 that would need to be presented or disclosed in the annual accounts. Having said that, several petrol stations were already taken over in the first quarter of 2020. Early in 2020 the spreading of the Covid-19 virus became world news. As a result, restrictive measures were taken by the government as from mid-March 2020. As a supplier of fuels and lubricants, Catom Subsequent events

belongs to one of the vital sectors identified by the authorities. Therefore, the activities in all three core businesses – wholesale, business-to-business and retail – will be continued. In practice, the government measures have been implemented and are not complicated, which allows Catom to show that it is well capable of conducting its business despite this situation. Any risks are related to further developments on a macro level, both in terms of oil prices and in terms of economic developments as a whole in the long run, which may cause sectors such as construction and transport to experience a decline. Such decline has not occurred so far. It might affect the financial results of Catom and its subsidiaries, which has not been the case up to now. Even though it is, naturally, impossible to estimate at this time the degree to which such decline will materialise, Catom is quite confident about its results for the year 2021 in its entirety.

Breda, 21 May 2021

H.P. de Leeuw den Bouter J.W.F. Westerhuis

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