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48. Affiliated entities


All participating interests in group companies referred to in section 39 are regarded as affiliated entities.

The long-term receivables from group companies relate mainly to a receivable from NLink International B.V.

During the year under review, the company had no employees.


Arnhem, 9 April 2009

Board of Management of TenneT Holding B.V.

J.M. Kroon MBA
B.G.M. Voorhorst MBA
W.A. Keus



The Supervisory Board

R.E. Selman
C. Griffioen
J.F.T. Vugts
J.F. van Duyne
A.W. Veenman