The Company’s dividend policy is to declare dividends at a rate of between 75% and 80% of NPATA (net profit after tax and before amortisation) in conjunction with the release of the half year and full year results. Payment of dividends is proposed to be in April and October each year.The Directors reserve the right to amend the dividend policy at any time. Each dividend will be determined after due consideration of the capital requirements, operating performance, financial position and cash flows of the Company at the time.