No the DRP does not cause dilution as the shares you recieve are...

No the DRP does not cause dilution as the shares you recieve are already in the market, also the investor pays no brokerage, also the number of shares issued are rounded up to next share .............................................. Dividend reinvestment plan
The Company has established a Dividend Reinvestment Plan (DRP) which will be available
for shareholders with respect to the final dividend payable in September this year and for

future dividends. Shareholders can choose to reinvest dividends in fully paid CCV
shares. For the final dividend for the 2012-2013 financial year, DRP shares will be issued at
a discount of 2.5% to the volume weighted average market price for CCV ordinary shares
sold on the Australian Securities Exchange during the five trading days immediately
following the record date of 13 September, 2013.
The DRP has been put in place in response to shareholder requests. It gives shareholders the
ability to nominate some or all of their shareholding to participate in the DRP. The DRP
provides a convenient way for shareholders to increase their shareholding if they do not want
to receive dividends in cash. The DRP also provides extra capital for the Company to finance
growth opportunities. cheers Vin