Dividend

The Board of Directors will propose to the annual general shareholders’ meeting on 24 April 2008 to raise the dividend to 2.40 euro gross, this is 1.80 euro net, on withholding tax of 25%, and 2.04 euro net on withholding tax of 15% (with VVPR strip). Dividends will be payable from 13 May 2008. At 2.40 euro, the pay-out ratio is 54.18%.