Dividend

The amount of the dividend on the ordinary shares and the type of dividend that the Company will pay to its shareholders will depend on the financial results of the Company, the business climate and other relevant factors. In principle, CSM aims at an even and, if
possible upward trend in the dividend.

The proposed dividend for a financial year will be presented to the General Shareholders' Meeting for its determination. In addition, the Articles of Association allow scope for the payment
of an interim dividend.

Proposal dividend cumulative financing preference shares: as indicated in the annual accounts

In 2009 the dividend for ordinary shares was : € 0.88 per share of which 50% was paid in cash and 50% in stock

The dividend paid in 2008 was 0.88 cents per share. For the previous five years it was € 0.80 per share.