
Article 1 
In Article 4(1) of Regulation (EC) No 2808/98 the following third subparagraph is added:
'For the dairy premium and additional payments referred to in Chapter 7 of Title IV of Council Regulation (EC) No 1782/2003, the operative event for the exchange rate shall be 1 July of the year in which the aid is granted.'
Article 2 
This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 7 July 2004.
For the Commission
Franz FISCHLER
Member of the Commission