2007 Dividend The Board of Directors will propose at the May 16, 2008 Annual Shareholder's Meeting a dividend of 2.07 euros per share for 2007. Taking into account the interim dividend of 1 euro per share paid on November 16, 2007, the remaining 1.07 euros per share would be paid in cash on May 23, 2008, after the approval of the Annual Shareholder's Meeting.
2006 Dividend The 2006 dividend was 1.87 euros per share, an increase of 15% relative to 2005.

(a) Amounts adjusted to take into account the four-for-one stock split effective May 18.2006.
Dividend History (in euros)
The figures in the table below have been adjusted retroactively to take into account the 4-for-1 stock split completed on May 18, 2006.
| |
2007 |
2006 |
2005 |
2004 |
2003 |
|
| Net dividend per share |
2.07* |
1.87 |
1.62 |
1.35 |
1.175 |
|
| Interim dividend |
1.00
Paid November 16, 2007 |
0.87
Paid November 17, 2006 |
0.75
Paid November 24, 2005 |
0.60
Paid November 24, 2004 |
|
|
| Balance of dividend |
1.07*
Paid May 23, 2008* |
1.00
Paid May 18, 2007 |
0.87
Paid May 18, 2006 |
0.75
Paid May 24, 2005 |
|
|
| Gross dividend per share** |
- |
- |
- |
1.65 |
1.7625 |
|
| Avoir fiscal tax credit** |
- |
- |
- |
0.30 |
0.5875 |
|
| |
|
|
|
|
|
|
* After the approval of the Annual Shareholder's Meeting on May 16, 2008. In accordance with the new calendar established for stock-related events by Euronext Paris on November 26, 2007, the ex-dividend date for the remainder of the 2007 dividend will be May 20, 2008 and the payment in cash will be May 23, 2008.
** On the basis of a 50% tax credit on dividends put in payment before January 1, 2005, effective date for the physical persons of the abolition of the tax credit by the finance law for 2004. For other shareholders, the tax credit was abolished by the aforementioned law as from January 1, 2004. |