Dividend policy

Fugro strives for a pay-out ratio of 35 to 55% of the net result for the period attributable to the shareholders. The net result may be adjusted for non-recurring items like impairment losses and charges resulting from reorganization of acquired companies. Fugro offers the choice of stock or cash dividend and does not pay interim dividends. Fugro issues new shares for the stock dividends.

In 2010 about 52% of the holders of (certificates of) shares chose to receive the dividend for the financial year 2009 in (certificates of) shares (2009: 54%). As a result 1.497.216 new shares in total were issued as per 28 May 2010.