Since its IPO in October 2006, Porthus's dividend practice has been determined and may still change from time to time by determination of the Porthus's board of directors.

Any issuance of dividends will be based upon Porthus's earnings, financial condition, capital requirements and other factors considered important by the board of directors. Belgian law and the Porthus articles of association do not require the board of directors to declare dividends.

The board of directors expects to retain all earnings, if any, generated by Porthus's operations for the development and growth of its business and thus not anticipate paying any dividends to the shareholders in the foreseeable future.