The Board of Directors' recommendations about the amount of dividends for 2024

At the meeting held on March 27, the Board of Directors recommended that the General Shareholders Meeting approve the payment of final dividends for 2024 in the amount of RUB 25 per share before tax, based on the outstanding ordinary shares in the amount of 126,400,000. In total RUB 2.44 bln, excluding payment of dividends on treasury shares.

If the general meeting of shareholders approves the final dividends, the total payment for the year, including the interim dividends paid for 1H 2024, will be RUB 37,5 per share before tax, in total — RUB 3.66 bln, which corresponds to 80% of Novabev Group's net profit under IFRS for 2024 or 62% of the adjusted net profit which excludes IFRS 16 changes and the impact of income tax rate changes, which are non-cash.

The exact date of the general meeting of shareholders will be determined later and announced in a separate press release.