Bertrandt AG pays dividend of Euro 0.15

Wednesday, 18 February 2004

Bertrandt AG is paying its shareholders a dividend of Euro 0.15 per dividend-bearing share (SIN 523 280) for the 2002/2003 financial year. The 500 or so shareholders who attended today's annual general meeting in Sindelfingen ratified the proposal of the Board of Management and the Supervisory Board. This payment is consistent with the company's dividend policy in previous years, explained Dietmar Bichler, Chairman of the Board of Management. Annual general meeting ratifies agenda items The acts of management of the Board of Management and the Supervisory Board for the 2002/2003 financial year were ratified. The shareholders also approved the proposal that the unappropriated retained earnings of Euro 2,907,840.04 be carried forward and that the deadline for the purchase of the company's own shares be formally extended by twelve months until 31 July 2005. The company's business model meant that it was well-placed in the market, said Dietmar Bichler. The company intends to consolidate its position as a leading development partner to the international automotive industry. Ralph Jacoby, Executive Director for Finance and Human Resources, emphasised that the company was well equipped to meet the growing requirements of the markets as a result of its long-term financial strategy.