Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd. at the AGM held on May 27, 2022 approved the proposal of the Board of Directors for the payment of a dividend of EUR 125,000 (2020: EUR 630,000) which corresponds to EUR 0.0013 cents per share (2020: EUR 0.0064 cents) or 0.49% (2020: 2.45%) on the nominal value of the Company's share capital. The proposed dividend corresponds to a dividend yield of 0.42% on the average closing price of the share of EUR 0.31 as at 31 December 2021 (2020: EUR 0.28). Beneficiaries of the dividend will be the shareholders who will be registered in the records of the Cyprus Stock Exchange on 17 June 2022 (Record date).

Therefore, the ex-dividend date will be 16 June 2022. The dividend will be paid and posted to the shareholders by 1 July 2022 (payment date) and the exact date will be announced.