1 / 9 GASTERRA ABOUT GASTERRA ABOUT GASTERRA GasTerra B.V. is a trading company operating process, gas remains indispensable if we wish to internationally in natural gas and has its registered both secure energy supplies and restrict CO2 office at Stationsweg 1 in Groningen. The company emission levels. Although the production of natural operates on the European energy market and gas in the coming years will gradually decrease, the accounts for a significant share of the Dutch gas Netherlands will continue to be a major producer of supply. The company also provides services related natural gas for decades to come. to gas trading. The company has a good portfolio and more than 50 years of experience in natural gas GasTerra owes its existence to Groningen Gas and procurement and sales. has its registered office in the city of Groningen. That is why the company actively contributes to MISSION various social, sporting and cultural initiatives in the GasTerra’s mission is to maximise the value of Dutch city and its surroundings. natural gas. GasTerra fulfils a public role with regard to the A focus on customers, a focus on results and a focus implementation of the Dutch government’s Small on improvement are GasTerra’s three core values. Field Policy. This policy is aimed at promoting natural These are the values that GasTerra’s staff adopt as a gas production in smaller gas fields in the premise for all their business dealings. In so doing, Netherlands. we work in conformity with a code of conduct in which integrity and respect serve as the guiding VISION principles. The company strives to build long-lasting GasTerra is governed by the principles of corporate business relationships with market operators and to social responsibility (CSR). The company has enter into agreements that reflect the value of translated the three basic CSR principles of People, natural gas and its associated services. Planet and Profit into its own three areas of endeavour: Gas, Green and Groningen. In this, Gas STRATEGY stands for company operating results, Green stands The company implements its mission and vision by for our mission to bring about socially responsible capitalising on its position on the European market energy transition and Groningen (our place of to the fullest extent possible – specifically in those business) stands for the community of which market segments where demand for natural gas GasTerra is a part. goes hand in hand with demand for supplemental services. In so doing, use is made of both the The economic value and social importance of natural volume and the flexibility of gas from Dutch sources. gas underscore GasTerra’s significant role in the Gas from sources other than Dutch ones is procured utilisation of domestic gas reserves and energy if it fits into the overall supply and demand portfolio. supply in the Netherlands and the European Union. As a proponent of a free energy market, GasTerra is GasTerra promotes the safe and efficient use of gas continuously developing new products and services. and is active in the development of innovative In this context, the company seeks to be a reliable applications for gas. The company attaches great and competitive gas supplier to its customers. importance to making the supply of energy GasTerra aims to contribute to the strengthening of sustainable and initiates projects in this context. the position of natural gas within the overall energy GasTerra strives to have the transition to mix. sustainability proceed responsibly, i.e. with a view to both economic and ecological interests. In this 2 / 9 GASTERRA ABOUT GASTERRA MANAGEMENT INFORMATION Board of Management G.J. Lankhorst M.A., Chief Executive Officer Directors M.J.W. de Wilde M.A., RC, Chief Financial Officer (from 15 January 2013) A.E.M. Broenink MSc., Director of Strategy & Optimisation J.E. Kielman M.A., Commercial Director (until 1 October 2013) R.E. van Rede MSc., Commercial Director (from 1st October 2013) Heads of Department A.J.P. Buijs, Communications & Public Affairs Manager J.R.L.W. Stäbler M.A., Information Technology Manager B.A. Westmaas M.A., Personnel & Organisation Manager H.J. van Zijll de Jong, LL M, Legal Affairs & Regulation Manager CEO Gertjan Lankhorst Executive secretariat Kristel Klink Legal Affairs & Regulation Personnel & Organisation Herbert van Zijll de Jong Bart Westmaas Information Technology Communication & Public Affairs Johan Stäbler Anton Buijs Finances & General Strategy & Commerce and Technical Support Optimisation Robert van Rede Maurice de Wilde Anton Broenink (Jacob Kielman was Commercial Director until 1 October 2013) Board of Supervisory Directors (as at the end of 2013) C.W.M. Dessens M.A., LL M, Chairperson* J.C. De Groot M.A., stepped down from his position D.A. Benschop M.A.* as Commissioner on 1 June 2013. The information J.D. Bokhoven MSc.* about the background of the members of the Board P. Dekker MSc. of Directors and the Board of Supervisory Directors M.E.P. Dierikx M.A.* is to be found online. J.M. Van Roost MSc.* A.P.N. van Veldhoven M.A. * Also a member of the College of Delegate Supervisory Directors. 3 / 9 GASTERRA ABOUT GASTERRA Works Council (as at the end of 2013) The Wet Bestuur en Toezicht (Dutch Management E. Lam MSc., Chairperson and Supervision (Public and Private Companies) Act) J.A.H. Boekhoudt was effective as of 1 January 2013. The Wet Bestuur J.R. Honkoop M.A. en Toezicht contains, among other things, a Ms. Y.N. Man MSc. provision concerning the balanced participation of E.T.O. Medas men and women in the management and on the Ms. Z.D. Mulder-Wilts Board of Supervisory Directors. The company’s R.A. Slob current allocation of seats on the Board does not yet C. Weeda MSc. comply with this provision. One vacancy emerged A.H. Wijsbeek on the Board of Supervisory Directors during the reporting year. At the time of this Annual Report’s appearance, this vacancy had not yet been filled. MESSAGE FROM THE BOARD OF SUPERVISORY DIRECTORS MEETINGS RISK MANAGEMENT The Board (including the College of Delegate In 2013, the Board discussed the risks associated with Supervisory Directors) met 11 times, in the presence the enterprise and the results of the management’s of the Board of Management. In these meetings, assessment of the set-up and operation of the internal apart from a few exceptions, all members of the risk management and control systems (the document Board were present. of representation). Attention was also paid to the Management Letter from the external Auditor, and At two meetings, the Audit Commission was also the corporate social responsibly relevant to GasTerra represented by the chairperson of this commission. were taken under consideration too. The Board At the invitation of the Board, the external Auditor concludes that GasTerra has a robust ‘control was present at the meeting, in which the Annual framework’, that this functions effectively, and is still Report and Accounts relating to 2012 were dealt being further improved in relation to certain points. with. STAFFING MATTERS STRATEGY AND OBJECTIVES The Board of Supervisory Directors and the The company’s strategy and its implementation as a management together annually discuss potential set of objectives for the years ahead were discussed successors present within the organisation who with the Board of Management. Maximisation of the could fulfil management functions. value of Dutch gas continues to be the first matter of importance, and there is no need to adjust the In connection with the departure of Mr Kielman as strategy. Also discussed was the extent to which the Commercial Director, the Board established a objectives for the year 2013 had been realised, and selection committee, consisting of two members of the objectives for 2014 were decided on. GasTerra the Board and the Chief Executive Officer. Based on will continually draw attention to the role of natural the recommendations of this committee, the gas in the transition to a completely sustainable appointment of the new Commercial Director, supply of energy. In addition, the Groningen Robert van Rede, took place in October 2013. earthquake dossier had an emphatic impact on the enterprise, in view of the fact that this issue has If applicable, the Board becomes involved in direct influence on our neighbours in the city and alterations relating to additional jobs of members of province in which GasTerra conducts its business. the Board of Management and other members of The minister’s decision that was announced on 17 GasTerra’s management team, and once a year January 2014 concerning production from the discusses the complete overview of these additional Groningen field has no impact on GasTerra’s jobs. Also, the overview of additional activities of strategy, but it does impact the way in which the members of the Board of Supervisory Directors is company will be able to actualise this. reviewed once a year. 4 / 9 GASTERRA ABOUT GASTERRA AUDIT COMMITTEE Management meetings with the Works Council were The Board of Supervisory Directors has one standing twice attended by members of the Board in 2013. committee: the Audit Committee. This oversees the workings of the internal risk management- and PERSONAL DETAILS control systems, all financial affairs, relations with As of 1 June 2013 J.C. De Groot M.A., stepped the external Auditor and the application of down as a member of the Board. The vacancy which Information and Communication Technology (ICT). has thus arisen will be filled as quickly as possible. At one of the meetings of the Supervisory Board, the Audit Committee reported to the Board on the ANNUAL ACCOUNTS activities it had undertaken. The recommendations from the Board of Supervisory Directors to the General Meeting of The Audit Committee met on four occasions during Shareholders, to be held in Groningen on 13 the reporting year.