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Dividend Policy

It is the policy of Delhaize Group when possible to pay out a regularly increasing dividend while retaining free cash flow in an amount consistent with opportunities to finance the future growth of the Company.

Set forth below are the gross and net annual dividends paid by Delhaize Group since 1990:

Year Gross Amount Net Amount**
1990* EUR 0.48 - EUR 0.36 -
1991* EUR 0.58 - EUR 0.43 -
1992 EUR 0.66 - EUR 0.50 -
1993 EUR 0.67 - EUR 0.50 -
1994 EUR 0.77 - EUR 0.57 -
1995 EUR 0.83 - EUR 0.62 -
1996 EUR 0.89 - EUR 0.67 -
1997 EUR 0.99 - EUR 0.74 -
1998 EUR 1.12 - EUR 0.84 -
1999 EUR 1.24 - EUR 0.93 -
2000 EUR 1.36 USD 1.1482 EUR 1.02 USD 0.8611
2001 EUR 1.44 USD 1.3255 EUR 1.08 USD 0.9941
2002 EUR 0.88 USD 1.0296 EUR 0.66 USD 0.7722
2003 EUR 1.00 USD 1.2242 EUR 0.75 USD 0.9181
2004 EUR 1.12 USD 1.3689 EUR 0.84 USD 1.0267
2005 EUR 1.20 USD 1.5287 EUR 0.90 USD 1.1465
2006 EUR 1.32 USD 1.7681 EUR 0.99 USD 1.3261
2007 EUR 1.44   EUR 1.08  
* Adjusted for the stock split by 5 on June 4, 1992.
** Net amount = gross amount minus withholding tax.


At the Ordinary General Meeting held on May 22, 2008, the shareholders approved the payment of a gross dividend of EUR 1.44 per share, compared to EUR 1.32 the previous year. After deduction of 25% Belgian withholding tax, this results in a net dividend of EUR 1.08 per share (EUR 0.99 the prior year).

The net dividend of EUR 1.08 per share is payable to owners of ordinary shares against coupon no. 46. The shares are trading ex-coupon as of May 30, 2008. The payment is made at the registered office of the Company (rue Osseghemstraat 53, 1080 Brussels, Belgium) as well as at the counters of the following financial institutions:
  • Banque Degroof, rue de l'Industrie 44, 1040 Brussels
  • Dexia Banque, boulevard du Roi Albert II 30-B2, 1000 Brussels
  • Fortis Banque, rue Montagne du Parc 3, 1000 Brussels
  • ING Belgium, avenue Marnix 24, 1050 Brussels
  • KBC, avenue du Port 2, 1080 Brussels
For shares held through a share account, the bank or broker automatically handles the dividend payment. The payment of the dividend to the ADR holders is made through The Bank of New York. (see ADR Information).
 
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