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Boskalis vessels switch to green shore power facility in Rotterdam in co-development with Port of Rotterdam Authority and Eneco

Papendrecht, 27 June 2022 The Port of Rotterdam Authority and Eneco are going to construct shore-based power facilities in the Waalhaven , Rotterdam (the Netherlands) so that moored Boskalis vessels can run on green electricity instead of fossil fuels. The shore-based power installation will be built on the Boskalis site in the Waalhaven, Rotterdam. There are two berths on the quay at this location, which are both frequently used. Vessels come to the Boskalis Waalhaven location for maintenance and to be mobilized for offshore projects. The intended completion date of the green shore power installation is 1 June 2023, and it will supply 2 GWh of green electricity per year. This will reduce CO2 emissions by 1.6 kiloton per year. With this project Boskalis is demonstrating ‘green leadership’, which is good for the port, for the climate and for local residents. Shore power is an important part of the energy transition and this project fits in with the joint shore power strategy of the Port of Rotterdam Authority and the City of Rotterdam, and with Eneco's One Planet strategy, which aims to achieve climate neutrality by 2035. At present, moored vessels often run on generators to provide the necessary power on board thereby creating emissions. Green shore power offers the opportunity to reduce these emissions by up to 90% by providing vessels with a clean source of energy and switching off generators also helps to reduce noise. After the shore power electricity installation on the Rozenburg peninsula and the Hoek van Holland ferry terminal in Rotterdam, the Boskalis location in the Waalhaven will be the third quayside electricity installation for seagoing vessels in the Port of Rotterdam. Eneco and the Port of Rotterdam Authority are implementing this project through the Joint Venture Rotterdam Shore Power. They own the shore power installation and offer the green shore power ‘as a service’. Boskalis is realizing the grid connection under its own management. Eneco is supplying the green power to Boskalis, which comes from Dutch Eneco wind & solar sources. The project is co-financed by the City of Rotterdam and the European Union through the European Regional Development Fund. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of over 600 vessels and floating equipment and more than 10,000 employees, including associates, Boskalis is creating new horizons around the world. This news release can also be found on our website www.boskalis.com .  

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Boskalis to protect eroded Togo and Benin coastline and construct innovative sand engine concept for beach replenishment

Papendrecht, 24 March 2022 Boskalis has been awarded the contract for the protection and replenishment of more than 40 kilometers of coastline stretching from the eastern coastline of Togo to the western coastline of Benin in West Africa. The coastal protection project is part of the West African Coastal Areas Management (WACA) program. The award was made by the governments of Togo and Benin with the financing made available by the World Bank. The contract carries a value of approximately EUR 55 million. The current coastline has suffered from significant erosion, resulting in coastal retreat that serves as a threat to vital infrastructure and the livelihoods of the local population. Under the project, fifteen new groins will be constructed and six existing groins will be refurbished. A beach replenishment program will also take place using more than one million cubic meters of sand. Furthermore, on the Benin side of the border, a 6.4 million cubic meter sand engine will be constructed. The sand engine concept was co-developed by Boskalis and has been successfully applied in the Netherlands over the past decade. A large volume of sand will be deposited at a strategic location and, over time, the natural motion of wind, waves and currents will spread it eastwards along the coastline. This principle of building with nature will reinforce the coastline in a robust and natural way. The project will start immediately and is expected to be completed late 2023. The WACA program was developed in partnership with West African communities who live on the coast and depend on it for their livelihoods, nutrition, food security, and prosperity. The program supports several countries’ efforts to improve the management of their shared coastal resources and reduce the natural and man-made risks affecting coastal areas. Along the west coast of Africa average rates of coastal retreat are between one and two meters per year. However, more serious rates of more than ten meters per year have been observed locally. Coastal erosion has devastating effects, inducing the loss of infrastructure such as roads. It also threatens local populations, who can no longer live close to the coastline which is often linked to their source of income. These challenges are expected to increase due to climate change and sea level rise. Boskalis’ strategy is aimed at leveraging on the key macro-economic drivers that are fueling global demand in our selected markets: global trade, increasing energy consumption, expanding population pressures and the challenges of changing climate conditions. This coastal protection project is driven by population growth and climate change. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 ‎ Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco ). With a versatile fleet of over 600 vessels and floating equipment and more than 10,000 employees, including associates, Boskalis is creating new horizons around the world. This press release can also be found on our website www.boskalis.com .

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Boskalis annual results 2021: Strong increase in revenue and result

Papendrecht, 10 March 2022 KEY FIGURES 202 1 Revenue: EUR 2.96 billion (2020: EUR 2 . 52 billion ) EBITDA: EUR 462 million (2020: EUR 404 million ) Net profit: EUR 151 million (2020: loss EUR 97 million ) Order book: EUR 5.41 billion (2020: EUR 5.31 billion ) Dividend proposal: EUR 0.50 per share all cash OUTLOOK Well-filled order book offers solid basis for 2022 Dredging: steady pick-up of market volume with stable margins Offshore Energy: stable strong market outlook for 2022 Announcing EUR 100 million share buyback program Favorable short and medium term outlook; full impact of recent geopolitical developments still difficult to assess Royal Boskalis Westminster N.V. (Boskalis) concluded 2021 with a strong increase in revenue and earnings and with a well-filled order book, despite COVID-19-related restrictions. Revenue increased by 17.1% compared to last year to EUR 2.96 billion (2020: EUR 2.52 billion). Adjusted for (de)consolidation and currency effects, revenue growth was 13.9%. EBITDA increased by 14.3% to EUR 462 million (2020: EUR 404 million) and the operating result increased by 42.0% to EUR 199 million (2020: EUR 140 million). Net profit was EUR 151 million, where a year ago there was a net loss of EUR 97 million. There were no exceptional gains or losses in 2021. In the Dredging & Inland Infra segment, revenue increased by over 20% and the operating result by 57% compared to last year. These strong growth figures came about despite COVID-19-related travel restrictions and quarantine measures resulting in operational inefficiencies, most prevalent in Southeast Asia. The utilization of the trailing suction hopper dredgers was strong in the second half of the year, after a relatively quiet first half due to early maintenance on the mid- to large-sized vessels. The largest revenue contribution came from projects in the Philippines, Singapore, Denmark and from the domestic Dutch market. At Offshore Energy, revenue increased by 19% on a 52% higher operating result. The revenue growth was almost entirely attributable to the services part of the division. Both Marine Transport & Services and Marine Survey contributed to the growth, but the largest increase came from Subsea Services, in part due to the addition of Rever Offshore acquired late 2020. Across the board, the various contracting and services activities contributed to the good divisional result. In 2021, revenue from offshore wind activities continued to increase, accounting for 46% of division revenue. The Towage & Salvage division had a good year, both in harbor towage activities and salvage. For many, the combination of Salvage and 2021 will be associated with the refloating of the Ever Given in the Suez Canal, but there were also dozens of other successful salvage assignments in which vessels were saved or where an environmental disaster was averted. Nevertheless, following a number of exceptionally busy years, 2021 was relatively quiet in terms of revenue for Salvage. The harbor towage activities contributed well with a substantial increase in earnings. The customary holding and non-allocated group costs are returning to normal historic levels following a period during which cost were temporarily lowered as part of the COVID-19 measures. Boskalis’ financial position remains strong with a net cash position of EUR 203 million, including EUR 148 million of IFRS 16 lease liabilities. Substantial capital investments were made in 2021, following a year in which investments were postponed under the influence of COVID-19. Furthermore, the share buyback program was completed and an all-cash dividend was paid. The exceptionally high negative working capital position remained stable in 2021. With the available cash and bank facilities Boskalis has a direct financing capacity in excess of EUR 1.1 billion. Solvency remains high at 48% and Boskalis comfortably meets its financial covenants. The order book increased modestly to EUR 5.41 billion (year-end 2020: EUR 5.31 billion). The increase was fully attributable to Offshore Energy, partly as a result of acquiring a substantial offshore wind project in the United States. With the projects in the order book a significant part of the 2022 revenue has been secured and there is a solid basis for the years thereafter. Peter Berdowski, CEO Boskalis: “ Looking back at 2021, we have delivered an excellent performance. Despite the still restrictive COVID-19 measures, we managed to execute our projects well and also in financial terms we can speak of a successful year. Our EBITDA has increased significantly and we have also acquired a large number of impressive projects. In addition, our financial position remained rock-solid. In Dredging, fleet utilization continued to increase during the year, in part thanks to our activities in the Philippines. With the projects in hand , the prospects for the coming years are also good. In the Netherlands, major d i ke reinforcement projects such as the Markermeer d i kes, the protection of the North Sea coastline and river related projects from the Dutch Flood Protection Program contributed well to the result. And our work on the construction of the Fehmarn b elt t unnel between Denmark and Germany is progressing well. In Offshore Energy, our biggest project currently in execution is in Taiwan, where we are constructing two offshore wind farms. Our newest crane vessel, the Bokalift 2, will start working there in the coming months and she is lined up to continue work on subsequent offshore wind projects thereafter . This illustrates the considerable size and opportunities the offshore wind market holds for Boskalis, as long as we continue to be selective. The activities acquired from Rever Offshore at the end of 2020 have been fully integrated into our Subsea organization and made an excellent contribution to the result. Last year we saw that S urvey, S eabed I ntervention and M arine T ransport are in an excellent position to increasingly serve the offshore wind market in addition to our traditional offsho w re clients. With the award of a sizable offshore wind installation project off the east coast of the United States, the share of offshore wind projects is expected to increase further in the coming years. 2021 will go down in history for Salvage as the year of the Ever Given, the container ship that blocked the Suez Canal for just under a week. The salvage operation lasted six memorable days, which we even documented in a book afterwards . In the end, our colleagues, aided by the forces of nature with a spring tide, succeeded in refloat ing the vessel thereby unblocking the canal . We look back with pride, but above all we look forward with confidence. Over the coming decades, Boskalis ’ broad range of services will allow us to make a significant contribution to some of the major soci et al challenges of our time, including facilitating the energy transition, providing protection against the consequences of climate change , the construction of critical infrastructure and preventing environmental disasters at sea. For the medium term, the market outlook is favorable. And for the short term, too, there are many positive signs in terms of the market and our order book, although it is difficult to as sess the impact of the current geopolitical developments in Eastern Europe for Boskalis. All in all, Boskalis is well positioned for the future and as a sign of confidence we will be starting a new share buyback program shortly . ” Market developments Demand for Boskalis’ services is largely determined by a number of macro trends. Following a comprehensive analysis of these trends, we are convinced that these trends will have a positive impact on our business in the medium and long term. Continued growth of the world’s population combined with rising levels of prosperity are two overarching macro trends that fuel continued urbanization in coastal areas, growth in demand for raw materials and energy and growth in global trade. Related to this is the threat of further climate change that can be mitigated with substantial investments in renewable energy sources. Nevertheless, the harmful effects of climate change will continue to increase in the coming decades and immense investments in climate adaptive measures, including coastal and shoreline protection, will be necessary. Collectively, these macro trends are driving demand for innovative maritime infrastructure propelling the sustainable growth of our business. The strategy section in the Annual Report 2021 looks at the development of the macro trends and the markets in which Boskalis operates in greater detail. Outlook Boskalis is in good shape as a company with its well-filled order book and strong financial position. The market looks favorable for the medium term as well as for the short term, although the consequences of the recent geopolitical events in Eastern Europe are still difficult to assess. In Dredging & Inland Infra, the order book for the coming year is well filled. With the projects in hand, the fleet utilization is expected to increase. In 2022, amongst others, projects in the Philippines, Singapore, Denmark and the Netherlands will make a significant revenue contribution. In Offshore Energy, the portfolio is also well filled for the coming years. In contracting, the Bokalift 2, once completed, will start work on the Changfang & Xidao offshore wind project in Taiwan. At Cables, the Ostwind 2 project will be the largest project in 2022. At Marine Transport & Services, a large number of transports are in the pipeline, partly due to delayed 2021 cargoes, but also due to an improving market. In Survey, in addition to the traditional markets, the strongly emerging offshore wind market is expected to contribute further. Finally, the now integrated activities of Rever Offshore at Subsea Services are expected to make another positive contribution to the annual result. The consequences of geopolitical events for the energy markets are of specific relevance for Offshore Energy. At Towage & Salvage, the Singaporean towage activities are considered as assets held for sale and therefore no longer contribute to the segment result. A stable year is expected for the terminals activities of Smit Lamnalco. The annual result of Salvage will strongly depend on the inherently unpredictable flow of projects and settlement results on previously executed projects. In view of the project-based nature of a significant part of our business, it is difficult at this early stage in the year to make a concrete quantitative statement about the annual result for 2022. However, the well-filled order book does provide a solid basis for expressing the expectation that the EBITDA for 2022 will equal that of 2021. For 2022, capital expenditures of approximately EUR 450 million are expected, excluding possible acquisitions. This amount is in line with the expected investment level for the next three years. The largest investments for the coming year concern the completion of the Bokalift 2 crane vessel, the construction of a fallpipe vessel, the lengthening of two large trailing suction hopper dredgers and the start of the construction of a new jumbo trailing suction hopper dredger. Share buyback program Boskalis announces a new share buyback program and intends to use EUR 100 million to buy back its own shares. At a share price of EUR 25, this represents 4 million shares or 3.1 percent of the currently outstanding number of shares. The actual start and details of the program will be announced in due course via a press release. Dividend policy and dividend proposal The main principle underlying the Boskalis dividend policy is to distribute 40% to 50% of net profit from ordinary operations as dividend, while pursuing a stable long-term development of dividend. The choice of dividend form (in cash and/or fully or partly in shares) takes into account the company’s desired balance sheet structure as well as the interests and wishes of the shareholders. Given this policy and the solid balance sheet position, the proposal is to pay a cash dividend of EUR 0.50 per share, equal to 43% of the net profit and stable compared to 2021. This proposal will be submitted to the Annual General Meeting of Shareholders for approval on 12 May 2022. The dividend will be payable from 24 May 2022. >>> click here for the full version of the 2021 financial review including all the financial details

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Boskalis successfully salvages ship just off the Dutch coast

Papendrecht, 1 February 2022 Boskalis has successfully salvaged the rudderless cargo vessel Julietta D off the Dutch coast in close cooperation with Multraship. The vessel ran into trouble during yesterday's Storm Corrie. The Julietta D was anchored off the coast of IJmuiden (the Netherlands) but got into difficulty when its anchor chain broke, causing it to collide with another ship. After the collision, the Julietta D was taking on water and the crew members were evacuated by helicopter. The ship then drifted towards the coast of Scheveningen and collided with an offshore platform. The Sovereign, a large Boskalis tug, arrived on the scene yesterday at around 16:00 hours CET, followed soon afterwards by four salvors from Boskalis’ salvage division, SMIT Salvage, who were airlifted onto the Julietta D by helicopter. At around 18:30 hours the first successful towing connection was made, preventing the vessel from running aground on the Dutch coast. The Julietta D was then pulled further out to sea as a precaution, waiting for an additional tug. At around 19:00 hours, the tug Multratug 18 of partner Multraship also made a towing connection, but due to the very rough conditions this connection unfortunately had to be severed. Today at around 01:00 hours the Manta, a second large Boskalis tug, loaded with salvage equipment and an additional team of salvors was on site, after which a second towing connection was successfully made after sunrise. This secured the Julietta D and the vessel is currently being towed to the port of Rotterdam where it is expected to arrive early in the afternoon. In addition to its own staff on board the tugs and Julietta D, Boskalis would also like to thank its partner Multraship, the Dutch Coast Guard and its helicopter crews, The Royal Netherlands Sea Rescue Institution and its crews of the search and rescue vessels, and the Port of Rotterdam. ‎ FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 650 vessels and floating equipment and 9,900 employees, including associates, Boskalis is creating new horizons around the world. This news release can also be found on our website www.boskalis.com .

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Boskalis takes delivery of largest bio-fuel consignment to date

Papendrecht, 15 December 2021 Boskalis has taken delivery of its largest-ever consignment of drop-in biofuel which will be used to power two hopper dredgers on upcoming projects in northwestern Europe. The use of bio-fuel will result in a CO2 reduction of approximately 90% for the 12,000 m3 hopper dredger Willem van Oranje and approximately 45% for the 4,500 m3 hopper dredger Strandway. The delivery of approximately 1,000 m3 of Hydrotreated Vegetable Oil (HVO), a sustainable bio-fuel derived from used cooking oil, was in collaboration with Boskalis’ long-term partner and fuel supplier, GoodFuels. Boskalis’ own testing program with GoodFuels and engine manufacturer Wärtsilä that began in 2015 has demonstrated that drop-in marine biofuels can reduce the CO2 emissions by up to 90% compared to fossil fuels. In 2019, as part of the ‘Boskalis on Bio’ program, the Willem van Oranje became the world’s first dredging vessel to operate on 100% biofuel oil. Since then, Boskalis has successfully used various biofuel blends as an alternative to fossil fuels on both dredging and offshore installation vessels, as well as for dry earthmoving equipment, resulting in a considerable emissions reductions. Through its agreement with GoodFuels, Boskalis enables its clients to opt for biofuel-powered vessels to reduce their carbon emissions on projects. Last year 80% of Boskalis’ project tenders in The Netherlands included sustainability measures, including options to use biofuels. FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 650 vessels and floating equipment and 9,900 employees, including associates, Boskalis is creating new horizons around the world. This news release can also be found on our website www.boskalis.com .  

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Boskalis commissions large-scale electric vehicle charging facility at its head office

Papendrecht, 14 December 2021 Boskalis has recently commissioned a large-scale charging facility at its headquarters in Papendrecht, marking a significant investment in charging capacity for electric vehicles (EVs). The new facility with 252 charging points is one of the largest of its kind in the Benelux region. The new EV infrastructure is in line with Boskalis’ wider efforts to reduce the CO2 footprint of its lease car fleet (Scope 1 and 2 car emissions) in the Netherlands and can also be used by visitors. Boskalis aims for one quarter (25%) of this fleet to be either hybrid or fully electric by the end of 2022. The company lease policy aims to encourage the use of EV and as more car manufacturers add EV models to their range, the share of EV cars is set to further increase. The new charging stations are part of a range of steps Boskalis is taking to reduce emissions and advance the use of renewable energy sources at its premises. In 2020 Boskalis installed more than 5,350 solar panels at one of its distribution centres in Vlaardingen, generating 1.6 million kW hours of green electricity per year – 15% of Boskalis’ total energy consumption in the Netherlands. The company has recently installed additional solar panels on its newest office building in Papendrecht and is currently investigating options for further upscaling. Joost Rijnsdorp, head of procurement Boskalis,  “Climate change is an increasingly urgent topic for Boskalis and society as a whole. Our investment in this extensive EV charging infrastructure for electric vehicles on our Papendrecht campus brings us a step closer to realizing our sustainability ambitions for our workforce in the Netherlands. Together with our plans to increase the proportion of lease cars within our fleet that are either hybrid or fully electric, the new charging stations mark further progress towards achieving our carbon-neutral goals.” FOR FURTHER INFORMATION Investor relations: Martijn L.D. Schuttevâer ir@boskalis.com Press: Arno Schikker press@boskalis.com T +31 786969310 Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a number of strategic partnerships in harbor towage and terminal services (Keppel Smit Towage and Smit Lamnalco). With a versatile fleet of more than 650 vessels and floating equipment and 9,900 employees, including associates, Boskalis is creating new horizons around the world. This news release can also be found on our website www.boskalis.com .

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