Dividend proposal

The Company’s policy on dividend distributions and retained earnings is discussed annually at the Annual General Meeting of Shareholders. For several years, the policy has been to distribute a dividend of 25% of the profit for the year, with the remaining 75% being added to group equity. The retained earnings can then be used to fund the Company’s continued growth. In line with this policy, we propose to distribute a cash dividend of EUR 0.20 per share for 2007, which will be charged against the profit for 2007.

Management Board