Exhibit 12.1

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##### Statement Regarding Computation of Ratios of Earnings to Fixed Charges

Amounts (in millions of euro) in accordance with Dutch GAAP

|  | Year ended December 31, |  | Pro forma year ended December 31, |
|  | 2000 |  | 2001 |  | 2002 |  | 2003 |  | 2004 |  | 2004 |
Earnings: |  |  |  |  |  |  |  |  |  |  |  |  |
Net result |  | 221 |  | 55 |  | (588 | ) | (132 | ) | 80 |  | 73 |
Minority interests |  | 9 |  | 9 |  | 12 |  | 12 |  | 17 |  | 17 |
Income from equity investees |  | — |  | — |  | (3 | ) | 1 |  | — |  | — |
Tax |  | 62 |  | (2 | ) | (11 | ) | (68 | ) | (33 | ) | (37 | )
Pre-tax income before minority interest and before income from equity investees |  | 292 |  | 62 |  | (590 | ) | (187 | ) | 64 |  | 53 |
Plus: |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed charges |  | 298 |  | 295 |  | 280 |  | 276 |  | 133 |  | 137 |
Amortization of capitalized interest |  | — |  | 1 |  | 1 |  | 1 |  | 1 |  | 1 |
Distributed income of equity investees |  | — |  | — |  | — |  | — |  | — |  | — |
Share of pre-tax losses of equity investees |  | — |  | — |  | — |  | — |  | — |  | — |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |
Capitalized interest |  | — |  | (5 | ) | (6 | ) | (1 | ) | (1 | ) | (1 | )
Dividend requirement on Preference Shares |  | (40 | ) | (39 | ) | (36 | ) | (38 | ) | (37 | ) | (30 | )
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges |  | — |  | — |  | — |  | — |  | — |  | — |
Earnings |  | 550 |  | 314 |  | (351 | ) | 51 |  | 160 |  | 160 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expensed |  | 210 |  | 200 |  | 182 |  | 140 |  | 62 |  | 72 |
Interest capitalized |  | — |  | 5 |  | 6 |  | 1 |  | 1 |  | 1 |
Plus: |  |  |  |  |  |  |  |  |  |  |  |  |
Amortized premiums, discounts and capitalized expenses related to indebtedness |  | 14 |  | 16 |  | 22 |  | 67 |  | 9 |  | 10 |
Estimate of interest within rental expense |  | 34 |  | 35 |  | 34 |  | 30 |  | 24 |  | 24 |
Dividend requirement on Preference Shares |  | 40 |  | 39 |  | 36 |  | 38 |  | 37 |  | 30 |
Fixed Charges |  | 298 |  | 295 |  | 280 |  | 276 |  | 133 |  | 137 |
Ratio of Earnings to Fixed Charges |  | 1.85 | X | 1.06 | X | — |  | 0.18 | X | 1.21 | X | 1.17 | X
Additional pre-tax income before minority interest and income from equity investees necessary to generate a ratio of Earnings to Fixed Charges of 1.0 |  | — |  | — |  | 632 |  | 226 |  | — |  | — |

###### Amount (in millions of euro) in accordance with US GAAP

|  | Year ended December 31, |
|  | 2000 |  | 2001 |  | 2002 |  | 2003 |  | 2004 |
Earnings: |  |  |  |  |  |  |  |  |  |  |
Result from continuing operations |  | 56 |  | 13 |  | (849 | ) | (59 | ) | 104 |
Minority interests |  | 9 |  | 9 |  | 12 |  | 12 |  | 17 |
Income from equity investees |  | — |  | — |  | — |  | — |  | — |
Tax |  | (14 | ) | (42 | ) | (16 | ) | 6 |  | 3 |
Pre-tax income from continuing operations before minority interest and income from equity investees |  | 51 |  | (20 | ) | (853 | ) | (41 | ) | 124 |
Plus: |  |  |  |  |  |  |  |  |  |  |
Fixed charges |  | 261 |  | 246 |  | 224 |  | 256 |  | 131 |
Amortization of capitalized interest |  | — |  | 1 |  | 1 |  | 1 |  | 1 |
Distributed income of equity investees |  | — |  | — |  | — |  | — |  | — |
Share of pre-tax losses of equity investees |  | — |  | — |  | — |  | — |  | — |
Less: |  |  |  |  |  |  |  |  |  |  |
Capitalized interest |  | — |  | (5 | ) | (6 | ) | (1 | ) | (1 | )
Dividend requirement on Preference Shares |  | (40 | ) | (39 | ) | (36 | ) | (38 | ) | (37 | )
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges |  | — |  | — |  | — |  | — |  | — |
Earnings |  | 272 |  | 183 |  | (670 | ) | 177 |  | 218 |
Fixed Charges: |  |  |  |  |  |  |  |  |  |  |
Interest expensed |  | 180 |  | 158 |  | 137 |  | 114 |  | 62 |
Interest capitalized |  | — |  | 5 |  | 6 |  | 1 |  | 1 |
Plus: |  |  |  |  |  |  |  |  |  |  |
Amortized premiums, discounts and capitalized expenses related to indebtedness |  | 14 |  | 16 |  | 19 |  | 79 |  | 7 |
Estimate of interest within rental expense |  | 27 |  | 28 |  | 26 |  | 24 |  | 24 |
Dividend requirement on Preference Shares |  | 40 |  | 39 |  | 36 |  | 38 |  | 37 |
Fixed Charges |  | 261 |  | 246 |  | 224 |  | 256 |  | 131 |
Ratio of Earnings to Fixed Charges |  | 1.04 | X | 0.74 | X | — |  | 0.69 | X | 1.67 | X
Additional pre-tax income from continuing operations before minority interest and income from equity investees necessary to generate a ratio of Earnings to Fixed Charges of 1.0 |  | — |  | 63 |  | 894 |  | 79 |  | — |