Royal BAM Group maintains dividend for 2003 and is cautiously optimistic regarding 2004

• Net profit before Competition Authority fine rises to €83 million in 2003; after fine: €56 million (2002: €47 million)
• Earnings per share before Competition Authority fine €4.45 (2002: €4.35); after fine: €2.59
• Proposed dividend €1.55 in cash per ordinary share (2002: €1.55)
• Royal BAM Group is forecasting a net profit of between approximately €75 million and €85 million in 2004, excluding any implications of legal proceedings
• Substantial improvement of solvency

Click here for Press Release, Results 2003