Suntory Beverage & Food : Notice regarding Dividend of Surplus

February 13, 2020

Company name : Suntory Beverage & Food Limited

(Securities code: 2587, First Section, Tokyo Stock Exchange)

Representative :	Kazuhiro Saito, Chief Executive Officer
Inquiries :	Investor Relations Department
	TEL: [phone] (from overseas)

Notice regarding Dividend of Surplus

Suntory Beverage & Food Limited hereby notifies you that at a meeting of the Board of Directors held today, it was resolved to add as an item of agenda for the 11th Ordinary General Meeting of Shareholders to be held on March 27, 2020, the matter of paying dividends from surplus with a record date of December 31, 2019.

1.	Dividend Breakdown
			Determined amount	Latest expected	Previous fiscal year -
			dividends	end
	Record date		December 31, 2019	December 31, 2019	December 31, 2018
Dividends per share		¥39.00	¥39.00	¥39.00
	Total amount of		¥12,050 million	－	¥12,051 million
	dividends
	Effective date		March 30, 2020	－	March 29, 2019
	Dividend resource		Retained earnings	－	Retained earnings
2.	Rationale

The Company believes its prioritization of strategic investments as well as capital expenditures for sustainable revenue growth and increasing the value of its business will benefit its shareholders. In addition, the Company views an appropriate shareholder return as one of its core management principles. While giving due consideration to providing a stable return and maintaining robust internal reserves for the future, the Company intends to pursue a comprehensive shareholder return policy that also takes into account its business results and future funding needs. For the fiscal year under review, in accordance with the basic policy described above and a consideration of business results and environment, the Company plans to pay a fiscal year-end dividend of ¥39 per share. It is scheduled to be added as an item of agenda for the Ordinary General Meeting of Shareholders to be held on March 27, 2020.

(Reference) Breakdown of Annual Dividend

		Dividends per share (¥)
Record date	Second quarter-end	Fiscal year-end	Total
Fiscal year ended	¥39.00	¥39.00	¥78.00
December 31,2019
Fiscal year ended	¥39.00	¥39.00	¥78.00
December 31,2018