Dividend Policy

08.07.2016

DIVIDEND POLICY ANNOUNCEMENT

The Board of Directors of Industrial Milk Company S.A. (hereinafter the Company) informs that the Company intends to pay annual dividends starting from FY 2016 results with a dividend payout ratio up to 10% (of Consolidated Net Profit of the Company and its Subsidiaries) provided that the Company succeeds to receive dividend payment waivers from its creditors.