Grace Kennedy Ltd. (GK) – Dividend Policy

At a Board meeting on september 25, the Directors adopted a dividend policy as under: To distribute at least 10% of the net profit attributable to stockholders. The new policy must be viewed against the background of an unpredictable economy. However, the company intends to maintain a total dividend pay out in dollars which is no less in any year than the preceding year. The company will continue to pay dividends twice yearly.