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The extent, timing and payment of dividends will be determined by the Directors based on a number of factors including earnings and the financial performance and position of Treyo.  Matsuoka has a track record and profitability and the Directors intend to pay dividends to the extent that earnings and cash permit the payment of dividends without compromising the Company’s business goals.

The cashflow forecast for the period to 31 December 2009 assumes that a dividend payment of not less than 40% of after tax profits for the period CY2009 will be paid to shareholders.  However, payment of this dividend is not guaranteed.
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