ArcelorMittal South Africa 2007 Annual Report Page 109 14.  EARNINGS PER SHARE continued Group

2007

Restated

2006

Headline earnings per share (cents) – Basic

1 288

1 061

– Diluted

1 284

1 059

The weighted average number of shares used in computation of diluted earnings per share was determined as follows (thousands): – Shares in issue

445 752

445 752

Adjustments for dilutive impact of the Management Share Trust: – Shares under option

1 284

606

– Shares under loan purchase and deferred  purchase

16

91

Diluted shares in issue (thousands)

447 052

446 449

15.  DIVIDEND PER SHARE On 8 February 2008 the directors declared a final dividend of 196 cents per share for the 2007 financial year that has not been included as a distribution liability payable to all shareholders on the Register of Members on 14 March 2008. The total estimated dividends to be paid is R874 million. The dividend distribution for 2007 consists of: •  On 19 February 2007, a final dividend of 204 cents per share (R909 million) was declared for the 2006 financial year and paid to shareholders on 26 March 2007. •  On 30 July 2007, an interim dividend of 233 cents per share (R1 039 million) was declared for the 2007 financial year and paid to shareholders on 3 September 2007. The dividend distribution for 2006 consists of: •  On 13 February 2006, a final dividend of 140 cents per share (R624 million) was declared for the 2005 financial year and paid to shareholders on 20 March 2006. •  On 31 July 2006, an interim dividend of 143 cents per share (R637 million) was declared for the 2006 financial year and paid to shareholders on 4 September 2006.