CUMERIO
Identification
Operation
Listing on 29 April 2005 - On the regulated market Eurolist by Euronext Brussels - Continuous - Group A0 – Compartment B - of 25,702,075 ordinary shares of the new company «Cumerio», cum-cp. 1 till 30. - On the regulated market Eurolist by Euronext Brussels - Single Fixing - Group B9 - of 5,208,963 VVPR-strips of the new company «Cumerio», qualifying for dividend 1 January 2005. Initial reference price / Thresholds of listing: As provided in the ETA nr 2002-433 dated September 20, 2002, the static price range will be set at +/-20% around the reference price. If the price is outside the static price range the stock will be reserved during 15 minutes. The new reference price used will be the treshold (up or down) reached previously. The static price range will be set at +/- 10% of this new reference price. This procedure will be repeated until an opening price will be established. At the opening of the security, the opening price will be the new reference price with a static price range of +/-10% and a dynamic price range of +/-5%. Usual trading rules in term of thresholds and of reservation period will be applied.
Subject to the approval of the Extraordinary General Meeting of 28 April 2005, the partial split of the company Umicore and the separation of part of the activities (copper) which will be incorporated in a new company «Cumerio» will be decided with immediate effect at the moment of the decision and constitution of the new company Cumerio. Therefore, as from 29 April 2005, the allotment of the new ordinary shares with VVPR-strips Cumerio will take place in the following ratio:
- 1 new ordinary share Cumerio, cp. 1 à 30 attached, for 1 existing ordinary share Umicore held, against surrender of cp. 14.
and
- 1 new VVPR-strip Cumerio, qualifying for dividend 01 January 2005, for 1 existing VVPR-strips Umicore held, against surrender of cp. 14.
Listing of the shares Umicore ex-allotment right (cp.14) on the regulated market Eurolist by Euronext Brussels: as of 29 April 2005.
Listing of the VVPR-strips Umicore ex-allotment right (cp.14) on the regulated market Eurolist by Euronext Brussels: as of 29 April 2005.
Listing: the allotment right (cp. 14) will not be listed in Brussels.
The definitive reference price of the ordinary share Cumerio will be published on 29 April 2005.