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notification dividend 2010 conversion ratio

Following approval of the 2010 annual accounts by the General Meeting on 21 April 2011, the dividend for the 2010 financial year has been set at EUR 0.28 per ordinary share of EUR 0.25 nominal value. It was also determined that the 2010 dividend of EUR 0.28 will be paid, according to the shareholders’ preference, in cash or in ordinary shares. Payment in cash will occur after deduction of 15% withholding tax on dividends. Payment in shares qualifies as the exception of Article 5:4 sub (e) to the prospectus obligation set out in Article 5:2 of the Act on Financial Supervision (Wet op het financieel toezicht, Wft).

Today the number of dividend rights of ordinary shares of EUR 0.25 nominal value entitling shareholders to one new ordinary share in Aalberts Industries N.V. of EUR 0.25 nominal value each, has been fixed at 58. Based on the volume weighted average price of all ordinary Aalberts Industries N.V. shares traded on NYSE Euronext Amsterdam on 12, 13, 16, 17 and 18 May 2011 of EUR 16.2015, 1/58 portion represents a value of EUR 0.2793, which is virtually equal to the value of the cash dividend.
Payment of dividend and transfer of shares on account of exchange of dividend rights will take place on 20 May 2011, in ordinary shares of EUR 0.25 nominal value, through bank or broker where the shares are held.
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Jeannette Zuidema
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Jeannette Zuidema
executive assistant

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