The dividend policy established by the Board of Directors states that the dividend payout ratio over a business cycle should be at least one-third of the company's net profit for the period with the aim to have stable annual payments to shareholders. In its annual dividend proposal, the Board of Directors will, in addition to financial results, take into consideration the Group's investment and development needs.

The Board of Directors is proposing to the Annual General Meeting to be held on March 30, 2010 that a dividend of EUR 0.35 per share be paid from the parent company's distributable funds on December 31, 2009 and that any remaining distributable funds be allocated to retained earnings. Dividend per share                          2009 2008 2007 2006 2005 € 0.35  1)  0.50 1.20 1.10 0.45 1) The Board of Directors' proposal to the Annual General Meeting