GRODNO SA (13/2018) Resolution of the AGM of Grodno S.A. regarding the distribution of net profit and dividend payment

The Management Board of Grodno S.A. ("Company") informs that on September 18, 2018 the Ordinary General Meeting adopted a resolution regarding the distribution of net profit for the financial year covering the period from April 1, 2017 to March 31, 2018. The Annual General Meeting decided to divide the net profit of 7.938.715 PLN 38 (seven million nine hundred thirty eight thousand seven hundred and fifteen zlotys 38/100) as follows:
- PLN 6,092,892.06 (in words: six million ninety two thousand eight hundred ninety two zlotys, 06/100) for supplementary capital;
- PLN 1,815,823.32 (say: one million eight hundred forty five thousand eight hundred twenty three zlotys 32/100) to be used to pay dividends to the Company's shareholders.
The number of shares covered by the dividend is 15.381.861 units (say: fifteen million, three hundred and eighty-one thousand, eight hundred and sixty-one). The value of the dividend per share: PLN 0.12 (in words: twelve groszy).
The day of the dividend has been set by the Ordinary General Meeting on November 5, 2018, and the dividend payment date is November 21, 2018.
Detailed legal basis: § 19 para. 2 of the Regulation of the Minister of Finance of March 29, 2018 regarding current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state.

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