The Annual General Meeting of Shareholders of USG People N.V. held on 29 April 2008 approved the proposal to pay a (final) dividend for the 2007 financial year of € 0.81 per ordinary share with a nominal value of € 0.50. Shareholders may choose to take up the dividend fully in cash, subject to 15% dividend withholding tax, or fully in shares.
Shareholders have until the close of trading on the NYSE Euronext Amsterdam stock exchange on 19 May 2008 to specify their preference for either a cash or stock dividend. The number of dividend rights entitling shareholders to one new share in USG People N.V. will be determined after the close of trading on the NYSE Euronext Amsterdam stock exchange on 20 May 2008. The exchange ratio will be calculated based on the average closing price of USG People N.V. shares in the period from 15 May 2008 up to and including 19 May 2008, and in such a way that the stock dividend will be approximately equal in value to the cash dividend. Dividend entitlements will not be marketable on the NYSE Euronext Amsterdam stock exchange.
The calendar of dates relating to the 2007 dividend on ordinary shares in USG People is as follows:
| Ex-dividend quotation | 2 May 2008 |
| Notification period of cash or stock dividend | 2 May - 19 May 2008, closing of market |
| Record date | 6 May 2008 |
| Determination of stock dividend exchange ratio | 20 May 2008, after market closes |
| Payment of cash dividend / delivery of shares | 23 May 2008 |
Shareholders are requested to instruct their custodian bank or stockbroker to notify Kempen & Co N.V., Beethovenstraat 300, 1077 WZ Amsterdam, the Netherlands of their preference (by telefax +31 (0)20 - 348 95 49 or by e-mail: kas@kempen.nl) during the period from 2 May 2008 to 19 May 2008 before 5.00 pm CET.
In the event a shareholder does not make his or her preference known during the stated option period, the custodian bank or stockbroker will ordinarily make a decision on the shareholder's behalf. The custodian bank or stockbroker has until 5.00 pm CET on 19 May 2008 to transfer the dividend entitlements to Kempen & Co N.V. (payable to Euroclear Nederland Account 183 ISS2). If no preference is specified, the dividend will be distributed in stock.
Commission will be paid to affiliated institutions of the NYSE Euronext Amsterdam stock exchange for the exchange of dividend entitlements so that said exchange will in principle be commission-free for the holders.
Payment of the dividend and distribution of shares following the exchange of dividend entitlements will start on 23 May 2008. Shares will be distributed to the custodian bank or stockbroker solely on the basis of the total number of dividend entitlements transferred at 19 May 2008, with any fraction remaining to be compensated in cash.
Almere, 1 May 2008
USG People N.V.
The Executive Board