Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd. proposed the payment of dividend of €1,028,151 (2016: €1,008,379), which corresponds to €0.0104 cents per share (2016: €0.0102 cents) or 4% (2016: 3.92%) of the nominal value of the company's share capital, corresponding to 2% increase compared to the dividend of 2016 Annual General Meeting to be held on May 31, 2018. The proposed divided corresponds to a dividend yield of 5.2% on the average closing price of the share at 0.200 as at 31 December 2017. This is the 16th consecutive year in which the Company pays an increased dividend.

The board of directors has appointed Mr. Nicos M. Hadjikyriacos as new Executive Director with immediate effect in the meeting held on April 27, 2018.