Rotterdam, the Netherlands, 14 May 2009
The proposed 2008 dividend was approved at the Annual General Meeting of Shareholders of Vopak held on 23 April 2009. On 15 May 2009 a dividend of EUR 1.10 per ordinary share will be distributed in ordinary shares, unless a shareholder expressly requested payment in cash before the close of business on Euronext on 13 May 2009.
With the dividend distribution in shares shareholders will receive 1 new ordinary share per 31 dividend rights of ordinary shares. Any fractions of a share will be settled in cash. The conversion rate has been based on the volume weighted average stock price of Vopak shares traded on Euronext Amsterdam over the period 11 through 13 May 2009. The value of the dividend in shares is virtually the same as the value of the cash dividend.
The cash dividend is EUR 1.10 per ordinary share of EUR 1.00 nominal value and will be made payable, as will the stock dividend, from Friday 15 May 2009, through the institution that administers the shares. Cash distribution will be subject to deduction of dividend tax as required by law.
Profile
Royal Vopak is the world's largest independent tank terminal operator specializing in the storage and handling of liquid and gaseous chemical and oil products. On request, Vopak can provide complementary logistics services for customers at its terminals. Vopak operates 80 terminals with a storage capacity of more than 27 million cbm in 32 countries. The terminals are strategically located for users and the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.