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                                        Debt Issuance Program

                                        Debt Issuance Program – €5 billion

                                        The Debt Issuance Program of Royal DSM is a framework with standard terms & conditions, which are applicable if Notes are issued. Additionally, the Debt Issuance Program includes risk factors, company description, financial information and the form of final terms of various kinds of debt. These terms & conditions, form of final terms, risk factors and financial information on Royal DSM are laid down in the Base Prospectus.

                                        The Netherlands Authority for the Financial Markets (AFM) , which is responsible for supervising the operation of the financial markets,  approved the Prospectus on 28 November 2018. This approval is valid for 1 year.

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