Vedior will make a payment from its reserves of € 0.20 per (certificate of an) ordinary share to shareholders of record on 3 May 2005. Holders of (certificates of) ordinary shares could elect to receive this distribution in stock or in cash by notifying their bank or broker by 17 May 2005.


On the basis of the average share price on Tuesday 17 May 2005 (€ 11.35), one (certificate of an) ordinary share will be distributed as payment for every 54 ordinary shares or certificates thereof. Both the payment in cash as well as the payment in stock will be made on 23 May 2005.