Dividends

Starting from the FY2014 results announcement, Kernel Holding S.A. intends to maintain a sustainable annual dividend of USD 0.25 per share, payable in US dollars.

The dividend of USD 0.25 per share for FY2015 has been distributed on 29 April 2016 to shareholders on the register at the close of business on 22 April 2015 (record date).

The dividend payment has been subject to deduction of Luxembourg withholding tax at a rate of 15%. Shareholders who are eligible to a reduced withholding tax or to a tax exemption may reclaim the excessive amount of tax levied in Luxembourg. Such shareholders have to submit to the Luxembourg tax administration:

1) Four copies of Form 901bis, attested by the tax administration of the country of residence of the shareholder.

2) Copy of the Company's dividend withholding tax Form 900.

3) A copy of the bank confirmation as evidence that the Company has paid the tax.

The Company advises shareholders to seek additional information with their financial, tax and legal advisors concerning dividend withholding tax reclaim.

FY2014 dividend forms: Form 900bank confirmation.