KERNEL HOLDING S.A. - ANNOUNCEMENT OF THE DIVIDEND POLICY

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 22 / 2013

Date of issue: 2013-07-18

Short name of the issuer

KERNEL HOLDING S.A.

Subject

ANNOUNCEMENT OF THE DIVIDEND POLICY

Official market - legal basis

Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne

Unofficial market - legal basis

Contents of the report:

The Board of Directors of Kernel Holding S.A. announces the approval of the dividend policy, adopting the dividend per share approach (DPS). Starting from the FY 2014 results announcement, Kernel Holding S.A. intends to maintain a sustainable annual dividend of USD 0.25 per share. The proposed dividends will be declared and paid in US dollars and will be subject to shareholder approval at the general meeting of the shareholders.

Annexes

File Description

KERNEL HOLDING S.A.

(fullname of the issuer)

KERNEL HOLDING S.A. Spożywczy (spo)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

L-1331 Luksemburg

(post code) (city)

rue de Bitbourg 19

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2013-07-18 A.Usachova, Y.Kovalchuk Directors