Earnings per Share

	Year Ended 31 December
	2002	2003	2004

Net (loss)/profit for the period EUR million	-240.7	137.9	739.7

Weighted average number of Series A and R shares	889 606 185	851 127 954	829 396 446
Effect of warrants	349 362	194 214	610 540
Diluted number of shares	889 955 547	851 326 168	830 006 986

Basic (Loss)/Earnings per Share, EUR	-0.27	0.16	0.89

There was no difference between Basic Earnings per Shares and Diluted Earnings due to the immaterial effect of the warrants.

Equity per Share

	As at 31 December
	2002	2003	2004

Shareholders' Equity, EUR million	8 034.8	7 952.9	8 051.1

Market value, EUR million	9 051.9	9 288.3	9 485.9


Number of series A and R shares	871 438 368	838 073 020	820 436 168

Basic Shareholders' Equity per share, EUR	9.22	9.49	9.81

Dividend per share paid/declared, EUR	0.45	0.45	0.45

Market value per share, EUR
A shares	10.10	11.00	11.55
R shares	10.05	10.68	11.27
Average	10.06	10.75	11.33