Following the dividend announcement relating to the dividend for the 2010 financial year of 21 April 2011, Koninklijke Ten Cate nv hereby announces that the number of dividend rights in order to obtain one new ordinary share has been set at 39 dividend rights of ordinary shares with a nominal value of € 2.50 each.
The volume weighted average share price of 13, 16, 17, 18, 19 and 20 May 2011 was EUR 29.7334 per ordinary share and was used as basis for the determination of 39 dividend rights for 1 new ordinary share.
On the basis of this price 1/39 th part of an ordinary share represents a value of EUR 0.7624 which is 1.65 % more than the value of the cash dividend of EUR 0.75 per share.
Payment of the cash dividend and the delivery of the ordinary shares following the exchange of dividend rights will occur as of 25 May 2011 via the bank or broker where your shares are administrated.
For the new ordinary shares, which will be issued as a result of the stock dividend, a request for admission will be submitted to NYSE Euronext in Amsterdam in accordance with Article 5:4 sub (e) of the Act on Financial Supervision.
Almelo, 20 May 2011