ANNUAL RESULTS CSM 2008: EBITA IN LINE WITH OUTLOOK

2008 was a very challenging year for CSM: a combination of fluctuating raw material prices and recessionary pressures meant that EBITA fell by 13% to �133.1 million. Although market conditions will clearly remain difficult in 2009, results will benefit from past and present initiatives. Our balance sheet remains healthy and the proposed dividend is maintained at �0.88.

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