Cofinimmo reports on Ordinary General Meeting for 2004 (BE)

The Ordinary General Shareholders’ Meeting of 29.04.2005, chaired by Mr André Dirckx, has approved the annual accounts for the year ending on 31.12.2004, including the appropriation of the results.

Distribution of dividends for the year 2004
The Ordinary General Meeting has decided to distribute a gross dividend of €7.30 per ordinary share for the year 2004, in slight increase compared to last year (€7.25). After deducting 15% withholding taxes, the net dividend for the year 2004 comes to €6.21 per ordinary share, compared to €6.16 the previous year.

The Ordinary General Meeting has decided to distribute a gross dividend of €6.37 per preference share. After deducting 15% withholding taxes, the net dividend for the year 2004 comes to €5.41 per preference share.

For the ordinary bearer shares, the dividend will be payable from 09.05.2005, on submission of coupon No 13 at the banks Degroof, Dexia, Fortis, KBC and ING. The dividend related to ordinary registered shares will be paid to the shareholders by bank transfer on 09.05.2005.

In order to allow the financial institutions to settle the transactions cum coupon carried out before the dividend payment date, the dividend related to the preference shares (which are all registered) will be paid to the shareholders by bank transfer as from 18.05.2005.

Statutory appointments
The Ordinary General Meeting of 29.04.2005 has extended with immediate effect the terms of office as Director of AGF Belgium Insurance SA (represented by Robert Franssen), Mr Jean-Edouard Carbonnelle, Mr Serge Fautré and Mr Jean Franken, until the conclusion of the Ordinary General Meeting of 2008, and of
Mr Alain Siaens until the conclusion of the Ordinary General Meeting of 2007. It has also extended the terms of office as Independent Director of Mr Bernard Snoy, until the conclusion of the Ordinary General Meeting of 2006.
Mr Bernard Snoy respects the independence criteria mentioned in Article 524§4 of the Company Code and in the Belgian Corporate Governance Code of 09.12.2004.

Auditor
The Ordinary General Meeting has extended the mandate of the Auditor Deloitte & Partners, Reviseurs d'Entreprises, represented by Mr Ludo De Keulenaer, authorised Auditor, until the conclusion of the Ordinary General Meeting of 2008.

Source: Cofinimmo