15 Aug 06 dividend

Already time to issue dividend. like I said in the end of July report the dividend are lowered for 2 month to let our NAV increase faster. in a week from here I will be PE 5 and our production will restart. So everything goes well and the dividend for the 15 Aug 06 is 1500 isk per share for a total of 30 millions.

Tolmar
SHMEC VCEO and financial EO