Events after the balance sheet date

On 8 January 2020, Alliander Corporate Ventures B.V. signed a share purchase agreement (SPA) with TReNT Holding B.V. for 100% of the shares of both Twinning Research Network Twente B.V. and TReNT Infrastructuur B.V., which saw these shares transferred to Alliander Corporate Ventures B.V. on that same date. TReNT is an organisation with 18 employees that operates an optic fibre network in the east of the Netherlands of roughly 1,900 km with approximately 650 connected customers through over 2,000 connections. Their annual revenue amounts to approximately €10 million. With the acquisition of TReNT, Alliander becomes the owner of its own telecommunications infrastructure in the service area of its network operator Liander in the eastern part of the Netherlands. It is Alliander's policy to own this telecommunications infrastructure, because it is crucial for Alliander’s ability to safely operate its electricity and gas network. Alliander already owned telecommunications infrastructure in a large part of the Liander service area. And this will now also be the case in the eastern part of the Netherlands.

Given that recent figures are not available yet for TReNT at this point, the (provisional) Purchase Price Allocation (PPA) under IFRS 3 has not yet been performed and the associated notes have not yet been included. It will be performed at a later stage.