(Translations from the Dutch advertisement in the Financieel Dagblad
26-03-2009)
With reference to the dividend announcement of Royal DSM N.V. (“DSM”), ABN
AMRO Bank N.V. trading under the name RBS (“RBS”) hereby announces that
following consultation with DSM, it will provide a dividend reinvestment plan
for the ordinary shares (the “Plan”). The Plan will enable shareholders to
reinvest their net dividend of EUR 0.68 per share DSM.
Holders of registered shares will be notified by N.V. Algemeen Nederlands
Trustkantoor on the Plan.
The Plan as provided by RBS will only be available to those shareholders who
are holding their ordinary shares (the “Shares”) in Euroclear Nederland
through an admitted institution of Euroclear Nederland (“Admitted
Institution”) on 31 March 2009, after close of business (“Record Date”).
In order to be eligible for such reinvestment, shareholders must instruct
their bank or broker before close of trading on Euronext Amsterdam by NYSE
Euronext ("Euronext Amsterdam") on 9 April 2009 (15.00 CET) to deliver their
dividend rights for reinvestment to RBS. Based on the dividend rights received
on 9 April 2009 (15.00 CET) , RBS will make purchases of existing Shares
through Euronext Amsterdam. These purchases will be made in several batches
depending on the liquidity on Euronext Amsterdam and at prices available at
the time.
In order to allocate the purchased Shares to holders an exchange ratio will be
fixed; such that the value of the purchased Shares will be approximately 0.5%
lower than the value of the (net) cash dividend in order to cover fees and
expenses of the Admitted Institutions and RBS in connection with the Plan.
Determination of the exchange ratios will be based on the daily volume
weighted average price (less auction/less off exchange trades) of the Shares
during the period of 14 April 2009 up to and including 16 April 2009, taking
the 0.5% deduction into account.
The fixed exchange ratios for the Shares will be announced to the Admitted
Institutions on 17 April 2009. Delivery of the purchased Shares, with
settlement of fractions in cash, if required, will take place from 21 April
2009. There will be no trading on Euronext Amsterdam in dividend rights.
Timetable
The calendar is as follows:
27 March 2009: Ex-dividend quotation
31 March 2009, after close of business: Record Date
1 April 2009 – 9 April 200 (15.00 CET): Period for instructions concerning
dividend reinvestment / delivery dividend rights
14 April 2009 – 16 April 2009: Period for determination of Exchange Ratio
17 April 2009: Determination & announcement of the Exchange Ratio
21 April 2009: Delivery of Shares as a result of dividend reinvestment
Important information for shareholders
Banks or brokers may or may not operate a default mechanism that automatically
elects to reinvest the cash dividend in shares, unless such holder chooses
differently. Shareholders are therefore advised to contact their bank or
stockbroker to assess if such a default system is in place or not and to
discuss what action they should take. Furthermore holders of Shares should
note that their net dividend of EUR 0.68 and not the gross dividend of EUR
0.80 per Share will be reinvested, if elected to participate in the Plan. Tax
consequences of participation in the Plan may vary dependent upon the tax
residence of the shareholder and class of shares held. When in doubt as to tax
consequences of participation in the plan, you should consult a tax advisor.
By electing to participate in the Plan, each shareholder undertakes,
represents and warrants to RBS via its bank or broker that:
1. the decision to take part in the Plan is its responsibility, and any
acquisition of Shares under the Plan will be for its own risk and account;
2. the acquisition will be made at prevailing market prices which may be
higher than the price at the moment if elected to participate in the Plan and
accordingly, such shareholder may receive fewer Shares than if they had at
that time themselves reinvested the cash dividend received;
3. it is responsible, and RBS shall not be liable, for paying any taxes in
connection with its participation in the Plan;
4. RBS does not accept any responsibility or liability in connection with a
fluctuation in the price of the Shares nor for any loss or damage incurred in
connection therewith;
5. it is not prevented from participating in the Plan by applicable laws; and
6. RBS may suspend or terminate the Plan at any time, which will not affect
the termination of initiated transactions.
In your jurisdiction, participation in the Plan may be restricted by law and
you should inform yourself about and observe any such restrictions. Any
failure to comply with such restrictions may constitute a violation of the
securities’ laws of any such jurisdiction and RBS does not assume any
responsibility or liability for any violation by anyone whomsoever.
Admitted Institutions
In order to enable holders to participate in principle without costs in the
Plan, the Admitted Institutions will receive a commission via RBS. The
Admitted Institutions are therefore requested to inform their clients holding
Shares about the Plan.
Amsterdam, 26 March 2009
ABN AMRO Bank N.V., trading under the name RBS
