The Board of Directors follows a strategy of proposing to the General Shareholders' Meeting an appropriation of the result such that dividends grow at least in line with inflation, insofar as profit levels permit.
As an investment company, however, GIMV's earnings are determined by realised and unrealised fluctuations in value. No guarantee can therefore be given that this dividend policy will be maintained unchanged in the future.

Extraordinary interim dividend of EUR 2.00 (EUR 1.50 net) per share

Given GIMV’s very strong results in the first half, the Board of Directors has again decided to pay an extraordinary dividend, this time of EUR 2.00 (EUR 1.50 net) per share. In arriving at this amount the Board took into account the customary assessment of the cash position with a view to maximum value creation for shareholders, the long-term yield and the growth strategy. This interim dividend will be payable from 6 December 2007 in exchange for coupon no. 14.

Final dividend of EUR 2.36 (EUR 1.77 net) per share: continuation of dividend policy

The Board of Directors will be proposing to the General Shareholders’ Meeting on 25 June 2008 that it pay a gross final dividend of EUR 2.36 (EUR 1.77 net) per share. This final dividend will be payable from 3 July 2008 in exchange for coupon no. 15 at KBC Bank. The Board of Directors confirms in this way its current dividend policy.

Gross dividend per share (in EUR)

1. Extraordinary interim dividend of EUR 0.74 gross per share (payable from 29 October 2004) + final dividend of EUR 1.65 gross per share (payable from 31 May 2005)
2. Extraordinary interim dividend of EUR 1.3333 gross per share (payable from 15 November 2005)) + final dividend of EUR 2.20 gross per share (payable from 6 June 2006)
3. Extraordinary interim dividend of EUR 1.3333 gross per share (payable from 6 December 2006) + final dividend of EUR 2.85 gross per share (payable from 2 July 2007)
4. Extraordinary interim dividend of EUR 2.00 gross per share (payable from 6 December 2007) + final dividend of EUR 2.36 gross per share (payable from 3 July 2008)