Empire Company Limited declared a quarterly dividend of $0.165 per share on both the Non-Voting Class A shares ("Class A shares") and the Class B common shares that will be payable on July 29, 2022 to shareholders of record on July 15, 2022, an increase in the annualized dividend rate of 10%. These dividends are eligible dividends as defined for the purposes of the Income Tax Act (Canada) and applicable provincial legislation.