Dividend History

The Board has continued to adopt a progressive dividend policy which acknowledges confidence in the Group's underlying business whilst recognising the highly cyclical nature of the business. Our policy of building cover at the top of the cycle in order to allow an unwind during the tough times is always subject to the existence of a robust balance sheet . The policy has resulted in ten sucessive years of rising dividends.

Previous Dividend
2010 Interim Dividend	4.00 pence per share
Ex Date	24 February 2010
Record date	26 February 2010
Payment date	31 March 2010


Dividend History
Year	Total	Final	Interim
2010			4.00p
2009	8.00p	5.50p	2.50p
2008	7.50p	5.00p	2.50p
2007	7.00p	5.00p	2.00p
2006	5.00p	3.75p	1.25p
2005	3.15p	2.525p	0.625p
2004 *	2.10p	1.60p	0.50p
2003 *	1.50p	1.50p	-
2002 *	1.12p	1.12p	-
2001 *	0.85p	0.85p	-
2000 *	0.80p	0.80p	-


Restated for 5:1 share sub division