RB 18/2007 Concise evaluation of standing of the Company

In accordance with the Rule 18 of the Corporate Governance Best Practices of Public Companies, the Supervisory Board of AmRest Holdings N.V. presents a concise evaluation of the standing of the Company.

The Supervisory Board reviewed the Company accounts, the report of the Management Board and the Auditor’s Report for year 2006. The Board concluded that financial and operating performance of the Company was strong. Such a strong performance is evidenced, among other factors, by rapid sales and profitability growth and significant cash generation.

The Company has a healthy balance sheet, which provides financial flexibility and the ability to pursue future growth opportunities.

In the opinion of the Supervisory Board, given its current operational and financial condition, AmRest can continue to grow organically and potentially through new acquisitions focusing on strategic fit and synergies.

The Supervisory Board has positively evaluated the 2006 annual report of the Company and recommends its approval by the Annual General Meeting.