The Managing Board has resolved, with the approval of the Supervisory Board, to add € 32.2 million of the net profit of € 54.5 million to reserves. It will be proposed to shareholders that the remainder of net profit be distributed as a cash dividend of € 1.00 (2006: € 0.83) per share, an increase of 20.5%. This is the highest dividend in the history of Macintosh Retail Group and an increase by a factor four in five years’ time.

The pay-out ratio equals 40.8% of total net profit as against 40% as set out in the reserves and dividend policy discussed with the shareholders. As a percentage of the net profit on continuing operations, the pay-out is 46.9%.

The dividend yield on Macintosh Retail Group NV shares is 2.8%, 5.1% and 4.3% respectively of the highest, lowest and year-end prices in 2007.