WEG S.A.
OPEN CAPITAL CORPORATION
CNPJ 84.429.695/0001-11
Herewith we inform you, Dear Shareholders, that the Board of Director during the meeting hold on 03.17.2005 deliberated about the payment of the interests over the Own Capital, based on the forecasts of the Financial Statements to be ended on 03.31.2005, as follows:
1) VALUE a) The total value of the Interests over the Own Capital to be distributed amounts to R$ 0.011764706 per share, both for ordinary shares and for preferential shares, benefiting all shareholders inscribed on 03.17.2005 in the company records, and after that date will be considered “Ex-Dividends”. The payment will be effected to the net value of R$ 0.010000000 per share, both for ordinary shares and for preferential shares, already deducted the
Income Tax of 15% (fifteen percent), according to the terms of the Second Paragraph of the Article 9 of the Law
No. 9.249/95, excepting the Legal Entities Shareholders that are released from the above referred tax, and so are identified by the payer bank Bradesco, who will received the declared value. b) The Interests over the Own Capital, according to the terms of the Article 36 of the Social By-Laws and Article
No. 9 of the Law No. 9.249/95 are imputed to the compulsory dividends, already contemplated the cumulative fixed dividends of the preferential shares, as determined by the Social By-Laws of the Company, Article 5 th
.
The Payment will be effected from 08.17.2005 on.
3) PAYMENT TERMS AND LOCAL a) Credit on current bank account indicated by the shareholder to payer bank Bradesco. b) The interests relating to the shares kept on custody at the CBCL – Companhia Brasileira de Liquidação e
Custódia (Brazilian Liquidation and Custody Company) will be paid to this company and this company will forward the respective value to the shareholders through depositor brokers c) The other shareholders with duly recorded addresses will receive by post the “NOTICE FOR RECEIVING THE
REVENUES OF THE SUBSCRIBED SHARES”. For this they must go to any agency of the Bank BRADESCO, presenting besides the Notice form, following documents:
Natural Person: Authenticated copy of the Identity Card and CPF (Tax Payer Card)
Legal entity: Authenticated copy of the CNPJ/MF, consolidated and updated social contract. The social bylaw must be updated with the minutes of the meeting where the current has been elected. The managing partners or the director with power of attorney for representing the company must present Authenticated copy of the Identity Card and CPF (Tax Payer Card). When the representation is by proxy, the nominee must present the respective legal representation document and the authenticated copy of the Identity Card and CPF (Tax Payer Card) of the proxy(ies).
More detailed information may be achieved form the payer bank Bradesco – Departamento de Ações e Custódia
(Shares and Custody Department) - Cidade de Deus, Osasco (SP). Tel.: 11 3684-9495 or directly from WEG S.A. headquarters, Avenida Prefeito Waldemar Grubba, n.º 3.300, CEP 89.256-900, Jaraguá do Sul, SC. Tel.: 47 372-
4255, Fax 47 372-4193.
JARAGUÁ DO SUL (SC), March 17 th
, 2005.
MANAGEMENT