(Amsterdam) - The Annual General Meeting (AGM) of shareholders of Fortuna Entertainment Group N.V. (FEG) held on 25 May 2012 in Amsterdam approved a Management Board's proposal to effect a gross dividend payment of EUR 0.23 in cash per share for the financial year 2011.

The dividend record date will be June 8, 2012. On June 6, 2012, the shares will be listed ex-dividend. The actual payment of dividend shall ultimately occur on June 25, 2012.The approved dividend pay-out for the year 2011 represents approximately 90% of the consolidated net profit of the Group and it is in accordance with the long-term dividend policy - the dividend payout ratio is 70 - 100% of the net profit.

The General Meeting appointed Mr. Wilf Walsh as a new Chairman of the Management Board of FEG as of May 25, 2012. Prior to the appointment, Mr. Walsh held the position of Vice-Chairman. The former Chairman of the Management Board, Jiří Bunda, left the Company at the end of 2011. The AGM also adopted the annual accounts for the financial year 2011 as drawn up by the Management Board and as approved by the Supervisory Board.

The General Meeting renewed the authorization for the Management Board, subject to the approval of the Supervisory Board, for a period of eighteen months as of May 25, 2012 to purchase fully paid-up shares in the Company's own capital on the stock exchange or otherwise for valuable consideration and to alienate shares in the Company's own capital, which shares were repurchased by the Company whether before or after May 25, 2012, for purposes of stock option plans and other general corporate purposes.

All points of AGM agenda proposed by the Company (see details) were adopted or discussed as proposed. Full wording of minutes of the AGM will be published at Company´s website until May 29.

The General Meeting was attended by shareholders who together hold 67.91% of share capital and voting rights and therefore, it had a quorum.