Saint-Gobain: Around 65% of the 2008 Dividend Will be Reinvested

COURBEVOIE, France, June 29 /PRNewswire-FirstCall/ -- Saint-Gobain
shareholders responded favorably to the dividend reinvestment option, with
64.8% of the total dividend to be paid in stock. This high reinvestment rate,
which attests to shareholders' confidence in the Group's strategy and
long-term growth outlook, allows Saint-Gobain to strenghten its equity by
EUR315 million.
A total of 13.8 million new shares will be issued, equivalent to 2.8% of
outstanding shares.
The new shares will be issued and delivered on July 2. They will carry
rights to the 2009 dividend and will rank pari passu to existing shares from
the issue date. An application will be made for the new shares to be listed
on NYSE Euronext Paris on July 2.
The share issue will have the effect of increasing Compagnie de
Saint-Gobain's share capital as of June 29 to EUR2,052 million, represented
by 512.9 million ordinary shares with a par value of EUR4 each, all fully
paid and all in the same class.
Cash dividends will also be paid on July 2, for a total of EUR171.3
million.
During the Annual General Meeting of June 4, Saint-Gobain shareholders
approved payment of a 2008 dividend of EUR1 per share and the option to
receive the dividend in cash or in Saint-Gobain shares issued at a price of
EUR22.83 per share. Shareholders that chose the stock dividend alternative
were required to notify the Company between June 10 and June 24.
Analyst & Investor Relations
Florence Triou-Teixeira, +33-1-47-62-45-19;
Etienne Humbert, +33-1-47-62-30-49;
Vivien Dardel, +33-1-47-62-44-29.

Press Relations

Sophie Chevallon, +33-1-47-62-30-48.

SOURCE Saint-Gobain

Analyst & Investor Relations: Florence Triou-Teixeira, +33-1-47-62-45-19;
Etienne Humbert, +33-1-47-62-30-49; Vivien Dardel, +33-1-47-62-44-29. Press
Relations: Sophie Chevallon, +33-1-47-62-30-48.