Holders of (depositary receipts for) ordinary shares are given the opportunity to indicate their choice until 3 June 2010, 3 pm. On 3 June 2010 after close of trading on Euronext Amsterdam by NYSE Euronext (“Euronext”), the number of dividend rights of (depositary receipts for) ordinary shares entitling to one new (depositary receipt for) ordinary share (“Exchange ratio”), will be determined based on the volume weighted average price of all traded depositary receipts for ordinary shares Grontmij on Euronext on 1, 2 and 3 June 2010. The value of the stock dividend will be virtually equal to that of the cash dividend. The maximum number of (depositary receipts for) ordinary shares that can be issued as stock dividend is equal to the number of issued (depositary receipts for) ordinary shares divided by the Exchange ratio. The actual number of issued (depositary receipts for) ordinary shares will be published by way of a press release after determination of the Exchange ratio. The new issued (depositary receipts for) ordinary shares are entitled to the dividend for the entire 2010 financial year and following financial years. No trading of dividend rights will take place on Euronext.
The following timetable applies:
| Ex dividend date |
20 May 2010 |
| Dividend record date |
24 May 2010 (after close of trading) |
| Option period |
25 May up and until 3 June 2010 (3 pm) |
| Determination Exchange ratio |
3 June 2010 (after close of trading) |
| Dividend payment date |
8 June 2010 |
Holders of depositary receipts for ordinary shares may indicate their choice to Fortis Bank (Nederland) N.V. via their bank or broker until 3 June 2010, 3 pm. The bank or broker is requested to deliver the dividend rights to Fortis Bank (Nederland) N.V. before 3 June 2010, 3 pm. If no choice is indicated before 3 June 2010, 3 pm, the holder of depositary receipts is solely entitled to dividend in the form of depositary receipts for ordinary shares.
Holders of ordinary shares Grontmij N.V. who are listed in the register of shareholders of the company as at 24 May 2010 will be notified by the company directly of the payment of the dividend.
The payment of the dividend and delivery of new (depositary receipts for) ordinary shares, with settlement of fractions in cash, if applicable, will take place on 8 June 2010, on the basis of the delivered dividend rights.
With regard to the depositary receipts for ordinary shares that will be issued as stockdividend, application will be made for listing and admission to trading on Euronext pursuant to article 5:4 sub e of the Financial Supervision Act.
The institutions admitted to Euronext (the "Admitted Institutions") are requested to deliver the dividend rights directly to Fortis Bank (Nederland) N.V. (account 29108/106 LMFBNC/0). Upon conversion of dividend rights in the period up to and including 3 June 2010, 3pm a commission will be paid to the Admitted Institutions in accordance with the overview of Fortis Bank (Nederland) N.V., so that in principle this conversion can take place free of commission-charges to the holders of depositary receipts for ordinary shares. Payment of commission to the Admitted Institutions will take place after Fortis Bank (Nederland) N.V. has received a statement from the relevant Admitted Institution that the conversion of dividend rights has been executed at no cost to the holder of depositary receipts for ordinary shares.
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