Dividend  Policy  and  Payment

Dividend Policy:
We expect to declare and pay annual dividends of not less than 75% of our PAT after MI in respect of any year. However, in considering the level of dividend payments, we take into account various factors including:

i) the level of our available cash and cash equivalents;
ii) return on equity and retained earnings; and
iii) our projected levels of capital expenditure and other investment plans.

Financial Year	Type	Entitlement Date	Payment Date
2005	1) Interim dividend of 10 sen gross 2) Capital repayment of 81 sen 3) Final dividend of 10 sen gross	18 Aug 05 15 Dec 05 19 May 06	29 Aug 05 29 Dec 05 31 May 06
2006	1) Interim Dividend of 12.5 sen gross 2) Special dividend of 28 sen gross 3) Final Dividend of 14 sen gross	15 Aug 06 17 Nov 06 23 April 07	28 Aug 06 30 Nov 06 07 May 07
2007	1) Interim dividend of 32 sen gross 2) Special dividend of 28 sen gross 3) Final dividend of 25 sen gross	01 Aug 07 29 Oct 07 18 Apr 08	10 Aug 07 07 Nov 07 30 Apr 08
2008	1) Interim dividend of 16.5 sen gross 2) Final Dividend of 7.8 sen gross	04 Aug 08 17 Apr 09	13 Aug 08 04 May 09
2009	1) Interim dividend     a) 5.1 sen gross     b) 5.0 sen tax exempt (single tier)	04 Aug 08	18 Aug 08