Regular expansion is the supreme objective set by Mediatel S.A. The Company intends to allocate funds for the purpose to create a long-term value for the shareholders in particular by acquisitions and the launch of new projects. Irrespectively of the above stated, in accordance with the adopted policy, Mediatel S.A. intends to ensure the shareholders the share in the earned by the Company profit via the payment of the dividend depending on the circumstances and after the consent of the Ordinary Meeting of Shareholders. When recommending the distribution of profit for the years 2008-2010, the Company shall submit to the Ordinary Meeting of Shareholders the proposal of the payment of the dividend in the amount ranging from 15% to 50% of the annual net profit.