Contingent assets and liabilities

Fiscal unity

Stedin Holding N.V. forms a fiscal unity for corporate income tax purposes with all its consolidated participating interests as included in note 36 Overview of subsidiaries. The companies, including Stedin Holding N.V., that are part of a fiscal unity are jointly and severally liable for the tax obligations of that fiscal unity. There is also a fiscal unity for VAT purposes that includes Stedin Holding N.V. and all its consolidated participating interests as included in note 36 Overview of subsidiaries in the consolidated financial statements. Only companies, including Stedin Holding N.V., that are part of a fiscal unity are jointly and severally liable for the tax obligations of that fiscal unity.

Cash pool

Under its participation in the Stedin Group cash pool, Stedin Holding N.V., like the other participants, is jointly and severally liable for deficits in Stedin Group's cash pool.

Guarantees

Stedin Holding N.V. has taken out directors' and officers' liability insurance for the members of the Supervisory Board, the members of the Board of Management, directors and other executives within Stedin Group. To the extent possible, the directors are indemnified by Stedin Holding N.V., subject to specific conditions, against costs in connection with civil-law, criminal-law or administrative-law proceedings in which they could be involved because of their position.

In addition to the contingent assets and liabilities for Stedin Holding N.V. above, see note 29 Contingent assets and liabilities in the consolidated financial statements for a comprehensive overview.

Liabilities statements of group companies

On behalf of the group companies included in the consolidation, liability statements have been issued by the legal entity as referred to in Section 403 of Book 2 of the Dutch Civil Code. This declaration is included in the overview in note 36 Overview of subsidiaries. Pursuant to these liability statements, Stedin Holding N.V. is jointly and severally liable for all debts arising from legal acts performed by those group companies.