Rotterdam, The Netherlands, June 4, 2004

Royal Vopak announces that the number of dividend rights on ordinary shares of EUR 1.00 nominal value each which will carry the right to one new ordinary share as from 4 June 2004 is set at 53.

Based on the average price of all shares weighted by volume traded on Euronext during the past three trading days of EUR 13.6348, 2/53 is worth EUR 0.5145, which is approximately 2.9% higher than the cash dividend of EUR 0.50.

As from 9 June 2004, payment of dividends and delivery of ordinary shares from the conversion of dividend rights will be made through the institution that administers the shares.

Profile
Royal Vopak is a global independent tank terminal group, operating some 20 million m3 capacity for the storage of liquid and gaseous chemical and oil products and providing complementary logistics services to meet market demand. Through strategic alliances with third-party logistics providers, the group also offers integrated logistics solutions.

Vopak is organized by market regions and operates more than 70 tank terminals in 29 countries.

For further information, please contact:

Royal Vopak
Corporate Communication & Investor Relations
Bon Ellemeet
Telephone : + 31 10 4002777

E-mail : corporate.communication@vopak.com
Web site : http://www.vopak.com/