Overzicht Corporate Governance 3e kwartaal 2016

In deze lijst wordt aangegeven van welke landen we staatsobligaties bezitten die direct op naam staan van het Pensioenfonds TNO. Vervolgens worden daarnaast de beleggingsfondsen genoemd waar we op 30 september 2016 in beleggen. Tot slot staat in dit overzicht een lange lijst van instellingen en bedrijven waarvan de obligaties direct op naam van het Pensioenfonds TNO staan.

(Quasi) staatsobligaties Fixed Income Beleggingsfondsen (30 direct op naam van Pensioenfonds september) TNO BlackRock Emerging Market debt (hard Duitsland currency) Frankrijk Neuberger Berman Emerging Market debt Ijsland (local currency) Robeco European High Yield fund Letland Polen Aandelenbeleggingsfondsen (30 Slovenië september) Spanje Vanguard Inst. Index Fund Verenigde - Staten Vanguard SRI European Stock Index Fund Vanguard Emerging Markets Equity Fund BlackRock Japan Equity fund exclusief controversial weapons BlackRock Pacific ex Japan Equity fund exclusief controversial weapons

Obligaties direct op naam van Advantage Sales Pensioenfonds TNO Aercap 21St Century Onc Affinion Group AGENCE FRANCAISE DE 3M CO DEVELOPPEMENT 99 Cents Only St AIA GROUP LTD A Schulman Inc Air Canada Aaf Holdings Llc AIR LIQUIDE FINANCE SA ABEST_9 AIRBUS GROUP FINANCE BV ABN AMRO BANK NV Aircastle Ltd Acadia Healthcar AK Steel Accuride Corp Alamos Gold Inc ACHMEA HYPOTHEEKBANK NV Albertson'S Hold Acosta Inc Alcoa Inc ADIENT GLOBAL HO Aleris Internati Ads Waste Holdin Allegion Us Hold Advanced Micro D Alliance Data Sy Pagina 1 van 9

ALLIANDER NV AYT CEDULAS CAJAS GLOBAL ALLIANZ SE AYT CEDULAS CAJAS XII FONDO DE TIT Ally Financial BADEN WURTTEMBERG LAND OF Alta Mesa Holdin BANCA MONTE DEI PASCHI DI SIENA Altice SP Altice Luxembour BANCA POPOLARE DELLEMILIA AMADEUS CAPITAL MARKETS SA ROMAGNA BANCO BILBAO VIZCAYA Amc Networks Inc ARGENTARIA SA AMERICA MOVIL SAB DE CV BANCO DE SABADELL SA American Airline BANCO POPULAR ESPANOL SA American Axle & TOTTA SA American Builder BANK NEDERLANDSE GEMEENTEN Amerigas Partner NV AMGEN INC AMN HEALTHCARE I BANK OF AMERICA CORP Amsurg Corp MORTGAGE BANK Ancestry.com SAU Anglo American C BANKINTER SA ANHEUSER-BUSCH INBEV NV Bankrate Inc Anixter Inc BANQUE FEDERATIVE DU CREDIT ANTERO MIDSTREAM MUTUEL Antero Resources AON PLC BARCLAYS PLC APPLE INC BAT INTERNATIONAL FINANCE PLC Appvion Inc BCD ACQUISITION Aramark Services Beacon Roofing S Arcelormittal Beazer Homes Usa Ardagh BELFIUS BANK SA/NV ARGENTA SPAARBANK NV BERKSHIRE HATHAWAY INC Artesyn Embedded BERLIN (STATE OF) Asbury Automotiv Berry Plastics C ASHLAND LLC BERTELSMANN SE & CO KGAA Ashtead Capital BFTH_10 Ashton Woods BHP BILLITON FINANCE LTD ASML HOLDING NV Bill Barrett Cor ASSICURAZIONI GENERALI SPA Blue Racer Midst Associated Mater Blueline Rentals Asurion BMC Software AT&T INC BMC Stock Holdin ATLAS COPCO AB BMW FINANCE NV AUTOROUTES DU SUD DE LA BMW US CAPITAL LLC FRANCE BNP PARIBAS HOME LOAN SFH AUTOSTRADE PER LITALIA SPA BNP PARIBAS SA Av Homes Inc Bombardier Inc Avaya Bonanza Creek En Avintiv Specialt Boyd Gaming AXA SA BPCE SA Pagina 2 van 9

BPCE SFH Choctaw Resort D BRENNTAG FINANCE B.V. CHRISTIAN DIOR SE Brookfield Resid Churchill Downs BSKYB FINANCE UK PLC Cinemark Usa Inc Buffalo Thunder CIT Group Builders FirstSo Citgo Holding In BUND LAENDER ANLEIHE Citigroup Bway Holding Co Claire'S Stores Cable & Wireless Clear Channel Ou Cablevision Cliffs Natural R Caesars CLOUD CRANE LLC CAISSE CENTRALE CREDIT Cloud Peak Energ IMMOBILIER Cng Holdings Inc CAISSE FRANCAISE DE FINANCEMENT LO COCA-COLA COMPANY (THE) CAIXABANK SA Coeur Mining Inc Calatlantic Group Cogent Communica California Resources AG COMMONWEALTH BANK OF Callon Petroleum AUSTRALIA Calpine Commscope CAMELOT FINANCE Communications S CANADIAN IMPERIAL BANK OF COMMERCE Community Health COMPAGNIE DE FINANCEMENT CAP GEMINI SA FONCIER Capsugel Sa COMPAGNIE DE SAINT GOBAIN SA Carlson Wagonlit COMPASS GROUP PLC Carmike Cinemas Compass Minerals Carrizo Oil & Ga CONCORDIA INTERN Carrols Restaurants Consolidated Com Cascades Inc Consolidated Ene CASINO GUICHARD PERRACHON SA Constellation Br CDW LLC Continental Reso Ceb Inc COOPERATIEVE CENTRALE Cedar Fair Lp RAIFFEISEN-B Cemex COOPERATIEVE UA Cengage Learning Cortes NP Acquis Centene Corp COTT CORP Central Garden & Cpg Merger Sub L Century Communit CREDIT AGRICOLE ASSURANCES SA CenturyLink CREDIT AGRICOLE SA (LONDON BRANCH) Cequel Communica CREDIT MUTUEL-CIC HOME LOAN Chaparral Energy SFH Charter CREDIT SUISSE AG Chassix Inc CREDIT SUISSE AG (LONDON Chemours Co BRANCH) CREDIT SUISSE GROUP FUNDING Cheniere Corp GUERNS Cheniere Energy Crescent Resourc Chesapeake Energ Crestwood Midstr Pagina 3 van 9

CRH FINANCE GERMANY GMBH Enlink Midstream CSI Compressco L Ensco PLC CVR PARTNERS/CVR EP Energy Cyrusone Lp Equinix DANA INC BANK AG DANICA PENSION ESB FINANCE LTD LIVSFORSIKRINGSAKTI ESTON_06-1 A/S EUROGRID GMBH Dell Inc EUROPEAN FINANCIAL STABILITY DELPHI AUTOMOTIVE PLC FACIL Denbury Resource EUROPEAN INVESTMENT BANK DEUTSCHE BAHN FINANCE B.V. EUROPEAN STABILITY MECHANISM AG EUROPEAN UNION DEUTSCHE POST AG EUTELSAT SA DEUTSCHE TELEKOM EVONIK FINANCE BV INTERNATIONAL FIN FBM FINANCE INC CREDIT LOCAL SA FCE BANK PLC DH EUROPE FINANCE SA FEDEX CORP Diamond Resorts Felcor Lodging L Diebold Inc Ferrellgas Lp Digicel FINGRID OYJ Dish Network First Data Djo Finco Inc First Quantum Mi DNB BOLIGKREDITT AS FIRSTCASH INC DONNELLEY FINANC Flexi-Van Leasin DOUBLE EAGLE ACQ Florida East Coa Drivetime Automo Fly Leasing Ltd Dtz Us Borrower FMG Resources Dynegy FMS WERTMANAGEMENT ANSTALT E*Trade Financia DES OEF EAGLE MATERIALS FMS WERTMANAGEMENT LT GTD Earthlink Holdin FONDO DE AMORTIZACION DEL DEFICIT Echostar Forbes Energy Se Eclipse Resource Formula One EIKA BOLIGKREDITT AS FRANCE TELECOM SA Eldorado Resorts Frontier Communi ELECTRICITE DE FRANCE SA Garda World Secu Embarq Corp GAS NATURAL FENOSA FINANCE BV Emdeon Inc GCI Inc EMI Music Publis GDF SUEZ Endo GE CAPITAL EUROPEAN FUNDING ENEL FINANCE INTERNATIONAL NV GECINA SA Energy Future Ho GELF BOND ISSUER I SA Energy Transfer GENERAL ELECTRIC CO Energy Xxi Gulf Genon Energy ENEXIS HOLDING NV Geo Group Inc ENGILITY CORP Gibson Energy In ENI SPA Pagina 4 van 9

Global Partners Inn Of The Mount Golden Nugget Es Intelsat Goldman Sachs INTERNATIONAL BUSINESS MACHINES CO Goodyear Tire & SPA Graphic Packagin Intrepid Aviatio Gray Television Inventiv Health Greif Inc iPayment Greystar Real Es Iron Mountain Griffon Corp Isle of Capri Ca Worldwid Jac Holding Corp Group 1 Automotive Jack Cooper Hold Halcon Resources James Hardie Int Harland Clarke H JBS USA LUX/JBS HCA JC Penney HD Supply JDA ESRW/JDA BON Healthsouth Corp Jefferies Financ Hearthside Group K Hovnanian Enterprise Hecla Mining Co Kb Home HEINEKEN N.V. KBC BANK NV HENKEL & CO KGAA AG Kcg Holdings Inc HERC RENTALS INC Kennedy-Wilson I Hercules KERRY GROUP FINANCIAL SERVICES HESSE (STATE OF) KFW HESSEN LAND OF KINDER MORGAN IN Hexion Kindred Healthcare Hillman Group In Kinetic Concepts Hill-Rom Holding Kinross Gold Cor Hilton Worldwide HOLCIM FINANCE (LUXEMBOURG) Kissner Milling SA KLEPIERRE Holly Energy Par KONINKLIJKE DSM NV Houston Fuel Oil BANK SA HRG Group L Brands Hub Internationa Hunt Cos Inc Ladder Capital Iamgold Corp LAENDER NO 47 INTERNATIONAL BV LANDESBANK BADEN- WUERTTEMBERG ICADE Landry's Icahn Enterprise LANDWIRTSCHAFTLICHE Iheartmedia RENTENBANK IHO VERWALTUNGS LANXESS AG IMERYS S.A. Laredo Petroleum Ineos Finance Pl Lbc Tank Termina Infor Us Inc Lear Corp Informatica Llc LEASEPLAN CORPORATION NV ING BELGIUM SA/NV Lennar Corp Inmarsat Finance Level 3 Communic

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LIBERTY MUTUAL GROUP INC Nabors Industrie Lifetime Fitness Nathan'S Famous Linn Energy NATIONAL BANK OF CANADA Live Nation Ente National Cinemed PLC Nationstar Lloyds Banking G NATIONWIDE BUILDING SOCIETY PLC Navient LLOYDS TSB BANK PLC Navistar Interna LOUIS DREYFUS COMMODITIES BV Nbty Inc Louisiana-Pacifi Nci Building Sys LUNAR FUNDING V PLC NCR (AUTONOMOUS NEDERLANDSE FINANCIERINGS- COMMUNITY OF) MAATSCHA MAHLE GMBH NEDERLANDSE GASUNIE NV Mallinckrodt NEDERLANDSE WATERSCHAPSBANK NV Manitowoc Foodse Neiman Marcus Gr Martin Midstream NESTLE FINANCE INTERNATIONAL Match Group Inc LTD Mattamy Group Co New Enterprise S Mbia Inc Newfield Explora MCDONALDS CORPORATION Nexstar Broadcas Mdc Partners NFP CORP Medical Properti Ngl Energy Partn MEDIOBANCA SPA NN GROUP NV Meg Energy Corp Noble Drilling C Mercer Internati Nokia Oyj MERCK KGAA Noranda Aluminum Meritage Homes C BANK AB SOCIMI SA NORDEA KREDIT METLIFE GLOBAL FUNDING 1 REALKREDITAKTIESELSK MGIC Investment NORDEA MORTGAGE BANK PLC MGM GROWTH NORDRHEIN-WESTFALEN LAND OF NORTH RHINE-WESTPHALIA (STATE MGM Resorts OF) Micron Technolog Northern Oil And Midas Intermedia Northwest Hardwo Midcontinent Com Norwegian Cruise Midstates Petrol Novelis Inc MOHEGAN TRIBAL G Npc Internationa MORGAN STANLEY NRG Energy MOTABILITY OPERATIONS GROUP PLC Nrg Yield Operat NV BANK NEDERLANDSE Mpg Holdco I Inc GEMEENTEN Mplx Lp NXP Semiconductor MSCI NYKREDIT REALKREDIT A/S Multi-Color Corp Oasis Petroleum Multiplan Ocean Rig Udw In Murphy Oil Olin Corp. Murray Energy Co Pagina 6 van 9

One Call REALKREDIT DANMARK A/S Onemain Financia Realogy Group OP-ASUNTOLUOTTOPANKKI OYJ Regal Cinemas Co Open Text Corp Resolute Energy ORACLE CORP Restaurant Brand ORANGE SA Revlon Consumer Orion Engineered Reynolds Group Ortho Clinical Rice Energy Inc Outfront Media Rite Aid Owens-Brockway G Rivers Pittsburg PACCAR FINANCIAL EUROPE BV Rose Rock Midstr Paperworks Indus ROYAL BANK OF CANADA PARGN_11X Royal Bank of Sc PARGN_12X ROYAL GROUP PLC Parsley Energy L Rr Donnelley & S Pbf Logistics Lp Rsi Home Product Peabody Energy C Rsp Permian Inc PEARSON FUNDING FIVE PLC RTE RESEAU DE TRANSPORT D Penske Automotiv ELECTRIC Petroleum Develo Rue21 Inc Pharmaceutical P Ryman Hospitalit PHILIP MORRIS INTERNATIONAL INC Sabine Oil & Gas Pinnacle Foods F Sabra Health Car Platform Special Sally Holdings L PPG INDUSTRIES INC SAMPO BANK PLC Pq Corp Sanchez Energy C Precision Drilli Sandridge Energy Prestige Brands Sanjel PRICELINE GROUP INC SANOFI SA Prime Security S SANTANDER CONSUMER FINANCE Primesource Buil SA SANTANDER INTERNATIONAL DEBT PROCTER & GAMBLE COMPANY SA UN PROGRAMA CEDULAS TDA FONDO DE TITU SANTANDER UK PLC PZU FINANCE AB SAP AG QCP SNF WEST/CEN Sba Communicatio Qorvo Inc Scientific Games QUEBEC (PROVINCE OF) Scotts Miracle-G Quebecor Media I Sealed Air Corp Quicksilver Reso Select Medical C RABOBANK NEDERLAND NV SES SA Radian Group Inc Seven Generation Radio Systems Co Seventy Seven RAIFFEISENBANK AS SFR Numericable Range Resources Sgs Internationa RCI BANQUE SA Shea Homes Lp Rcn Telecom Serv Shearer'S Foods SHELL INTERNATIONAL FINANCE BV Pagina 7 van 9

SHIRE ACQUISITIONS INVESTMENTS Tegna IRE TELEFONICA EMISIONES SAU SILVA_14-5 TELSTRA CORPORATION LIMITED Sinclair Televis Tempur Sealy Int Sirius Xm Radio Tenet Healthcare SKANDINAVISKA ENSKILDA BANKEN AB TENNET HOLDING BV SKY PLC Terraform Global Sm Energy Co Terraform Power SMITHS GROUP PLC Tesoro Logistics TEVA PHARMACEUTICAL FINANCE SNAM SPA NETHER SOCIETE GENERALE SA THAMES WATER UTILITIES CAYMAN SOCIETE GENERALE SFH FINA Solera Llc THERMO FISHER SCIENTIFIC INC SOLVAY SA Thompson Creek M Sonic Automotive Time Inc Southcross Holdi T-Mobile USA Southern Star Ce TORONTO-DOMINION BANK/THE Southwestern Ene TOTAL CAPITAL INTERNATIONAL SA SPAREBANK 1 BOLIGKREDITT AS TOTAL SA SPAREBANKEN VEST BOLIGKREDITT Townsquare AS Tpc Group Inc Spectrum Brands Transdigm Speedway Motorsp Transocean Ltd Sprint Travelport Llc Spx Flow Inc Treehouse Foods Ss&C Technologie Tri Pointe Holdi STADSHYPOTEK AB Triangle Usa Pet Standard Industr Trinseo Sa Standardaero Avi Tullow Oil Plc STATE OF NORTH RHINE- WESTPHALIA UBS AG SUEZ UBS GROUP FUNDING JERSEY LTD Summit Materials UFC HOLDINGS LLC Summit Midstream UNEDIC Suncoke Energy P UNIBAIL-RODAMCO SE BANK CZECH REPUBLIC Sungard Availabi AND Sunoco UNICREDIT SPA SVENSKA CELLULOSA SCA AB Unifrax I Llc SVENSKA AB UNILEVER NV HYPOTEK AB UNITED TECHNOLOGIES SYMRISE AG CORPORATION Talen Energy Sup Unitymedia Hesse TALLGRASS NRG PR Universal Hospit Targa Resources Univision TDAC-2 Upcb Finance Iv TDAI_1 URENCO FINANCE NV Teck Resources L Us Concrete Inc Teekay Offshore US Foods Pagina 8 van 9

USI Inc VALEO SA VEOLIA ENVIRONNEMENT SA VERITAS US INC/B VERIZON COMMUNICATIONS INC VERSE_2 VERSE_4-SNR Versum Materials Viking Cruises L Virgin Media VOLVO TREASURY AB VONOVIA FINANCE BV WALGREENS BOOTS ALLIANCE INC Warner Music Gro Warren Resources WASHINGTON MUTUAL Wave Holdco Llc Weekley Homes Ll Wellcare Health & Co West Corp Western Digital Western Refining WESTPAC BANKING CORP Whiting Petroleu William Lyon Hom Williams Compani Williams Partner Wind Acquisition Windstream Wise Metals Grou WL BANK WESTFAELISCHE LANDSCHAFT B WL BANK WESTFALISCHE LANDSCHAFT BO Woodside Homes C WPP FINANCE DEUTSCHLAND GMBH WPX Energy Wr Grace & Co-Co WURTH FINANCE INTERNATIONAL BV Wynn Macau Ltd XPO Logistics YORKSHIRE BUILDING SOCIETY Yum! Brands Inc Zayo Group ZEKELMAN INDUSTR Ziggo Secured Fi

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