Blue declares dividend

The Board of Directors of Blue Island Plc decided to propose to the AGM the payment of a dividend of 6.5% on the nominal value of the share or CYP0.0065 cents per share for 2006 (EUR0.011). 

The cum-dividend date has been set for May 30, 2007 and the ex-dividend date on May 31, 2007.  The dividend will be paid to the shareholders by June 22, 2007.  The exact date will be announced.