Shareholder's dividend 2004

During the year 2004, ACERINOX, SA, has paid to its shareholders the

Payment Date Dividend Date Gross Amount Per Share Concept
0,23 1st interim dividend, fiscal year 2003
0,23 2nd interim dividend, fiscal year 2003
0,38 Additional dividend, fiscal year 2003
In October 5th, 2004 0.08 Euros by share were paid to all shareholders as Issue Premiun
In July 26 2004, a split of the ACERINOX, S.A. shares was made, multiplying by 4 the number of shares -from 65,800,000 to 263,200,000- without a variation of the share capital.