Dividend
TNT N.V. established in Amsterdam, The Netherlands
Interim dividend 2009
The Board of Management of TNT N.V. has determined to pay an interim dividend in respect of the financial year 2009 of € 0.18 per ordinary share with a value of € 0.48. The shareholders can choose to have the interim dividend paid out either wholly in cash (after deduction of 15% withholding tax) or wholly in ordinary shares which will be charged to the freely distributable reserves. Dividend paid in shares will be free of withholding tax in the Netherlands.
Shareholders have the opportunity to make their choice known until close of trading on NYSE Euronext by Euronext Amsterdam (“Euronext”) on 11 August 2009. The ratio of the stock dividend to that of the cash dividend will be determined after close of trading on Euronext on 14 August 2009, based on the volume-weighted average price of TNT N.V. shares traded from 12 to 14 August 2009 inclusive. The value of the stock dividend, which is subject to rounding, will be at least 3% above the cash dividend.
There will be no trading in the stock dividend rights. The following timetable applies:
28 July 2009 ex dividend date
30 July 2009 record date
29 July 2009 to 11 August 2009 inclusive choice period
14 August 2009 after close trading determination of ratio
19 August 2009 payment date
Shareholders are requested to notify ING Bank N.V. Amsterdam (e-mail: iss.pas@ing.nl, fax 020 797 9607) via their bank or broker, of their choice within the choice period.
If no choice is made known within the above mentioned period of choice, the interim dividend will be paid out in shares. Thereafter your bank or broker will be requested to deliver the dividend to ING Bank N.V. at the latest on 11 August 2009 (before close of trading on Euronext).
Dividend payment in cash or delivery of shares, as the case may be, shall take place as of 19 August 2009 (contrary to the date of 4 August 2009 as previously communicated). Delivery of shares to your bank or broker will occur based on the total amount of dividend rights delivered on 11 Augustus 2009 only, whereby a possible remaining fraction will be paid out in cash.
Upon conversion of dividend rights a commission will be paid to the institutions admitted to Euronext, so that conversion shall, in principle, take place free of commission-charges to the shareholders.
The Board of Management
Amsterdam, 27 July 2009