In February 2000, the Board of Directors of the Company resolved to implement a dividend record policy paying approximately 25 percent of the prior year's free cash flow commencing in the year 2000.
Declared dividends by the Board of Directors:
| Year | Disbursement | Record Date | Aggregate Amount |
|---|---|---|---|
| 2004 | Semi-annual - $0.25 * Semi-annual - $0.25 * |
June 30, 2004 Dec. 31, 2004 |
$3,757,386.50 $3,765,499.00 |
| 2003 | Semi-annual - $0.20 * Semi-annual - $0.20 * |
June 30, 2003 Dec. 31, 2003 |
$2,971,936.00 $2,981,376.00 |
| 2002 | Semi-annual - $0.20 * Semi-annual - $0.20 * |
July 5, 2002 Dec. 31, 2002 |
$2,938,469.40 $2,954,949.40 |
| 2001 | Semi-annual - $0.20 * Semi-annual - $0.20 * |
June 30, 2001 Dec. 31, 2001 |
$2,884,396.00 $2,888,576.00 |
| 2000 | Semi-annual - $0.20 * Semi-annual - $0.20 * |
June 30, 2000 Dec. 31, 2000 |
$2,738,936.00 $2,802,246.00 |
* Per common share unless otherwise noted

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Mullen Group Ltd.
Chimney Rock Centre
121A-31 Southridge Drive
Okotoks, Alberta T1S 2N3
Toll Free: 1-866-995-7711
Fax: 403-995-5296
E-mail: ir@mullen-group.com