RRO Rorento Nv

    8 September 2005, Rotterdam


                                                         RORENTO N.V.

                                          SEMIANNUAL REPORT JUNE 2005

































                              % ROBECO
CONTENTS

General information                                   2
Report of the management board            3
Balance sheet                                                6
Profit and loss account                               6
Cash-flow summary                                   6
Notes                                                             7
Other data                                                   12
Spread of net assets                                   13

GENERAL INFORMATION

RORENTO N.V. [1]
(public limited liability company with an open-end structure
established according to the laws of the Netherlands Antilles, having
its registered office in Philipsburg, St. Maarten, Netherlands
Antilles)
Ara Hill-Top, Unit A5
Pletterijweg Oost 1
Willemstad, Cura

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