G. Willi-Food International Ltd. announced that the Company's Board of Directors has declared a cash dividend distribution of approximately ILS 1.44 per ordinary share and an aggregate dividend of ILS 20 million (approximately USD 0.44 and USD 6,119,951, respectively, based on representative rate of exchange as of March 14, 2022). The dividend is payable to shareholders of record as of the close of business on March 28, 2022 and will be payable on April 11, 2022. For shareholders who will receive the dividend payment in USD, the amount of the dividend per share is not final and is subject to change due to the need to convert the amount from ILS o USD in accordance with the Bank of Israel's representative rate of exchange on March 14, 2022.

The final dividend amount is also subject to change based on the number of ordinary shares outstanding on the record date.