Forthcoming Changes in Fugro Top Management

Fugro announces that Mr. Gert-Jan Kramer (61) will step down as President and Chief Executive Officer in approximately one and a half years, on October 1, 2005. Mr. Kramer joined Fugro in 1983 as its President and Chief Executive Officer and since then Fugro has experienced a sustained and successful period of development and growth.

The Supervisory Board has decided to appoint Mr. K.S. Wester (57) as Mr. Kramerís successor. Mr. Wester who joined Fugro in 1981 has been a statutory director of Fugro N.V. since 1996. Mr. Wester has fulfilled various positions in Fugro and is now responsible for the Onshore Geotechnical division.

It is the intention of the Supervisory Board to propose to the shareholders in the Annual Shareholders meeting in May 2006 that Mr. Kramer be appointed as a member of the Supervisory Board.

In May 2004, Mr. P. van Riel (48) will become a member of the Board of Management as Chief Operating Officer responsible for the Development & Production business line of the Geoscience division. Mr. van Riel is the founder of Fugro-Jason B.V., which he established in 1986. Jason Geosystems B.V. was acquired by Fugro in 2001 and is a part of this division. This position was being looked after by Mr. J. Ruegg, who can now focus solely on the Offshore Survey division.

These changes in the top management of Fugro, all coming from within, ensure the continuation of Fugroís management culture in the future.

As from May 19, 2004 the Board of Management will consist of:

G-J. Kramer, (1942), Dutch
President and Chief Executive Officer
K.S. Wester, (1946), Dutch
Director, Group activities Onshore geotechnical services
A. Jonkman, (1954), Dutch
Chief Financial Officer
O.M. Goodman, (1956), Irish
Group Activities Onshore survey and Positioning
J.E. Kasparek, (1942), American
North and South America
P. van Riel, (1956), Dutch
Group Activities Development & Production
J. Ruegg, (1944), Swiss
Group Activities Offshore survey
F.E. Toolan, (1944), British
Group Activities Offshore geotechnical services and Airborne survey
J.M.E. Feije, Dutch
General counsel, company secretary

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