Zwack Unicum

Notice of Dividend Amount • Jul 11, 2011

News Details

Ad-hoc | 11 July 2011 15:52

Zwack Unicum Likőripari és Kereskedelmi Nyilvánosan Működő Részvénytársaság:

DGAP-Geoinfo Ad-hoc-Service: Zwack Unicum Nyrt.
Payment of Dividend/Payment of Dividend

11 Jul 2011

Ad-hoc announcement according to Tpt. 55.§ of the Hungarian Capital market Act., transmitted by DGAP-Geoinfo.
The issuer is solely responsible for the content of this announcement.

Zwack Unicum Nyrt. dividend payment

Zwack Unicum Nyrt. hereby notifies Shareholders that according to General
Meeting Resolution 6/2011.06.29. of the General Meeting held on 29 June
2011, 'The AGM approved the proposal of the Board of Directors on the
allocation of profits, on the basis of which the Company has declared the
payment of dividend in the amount of thousand HUF 1 710 774 (one billion
seven hundred and ten million seven hundred and seventy-four thousand
Hungarian Forints) from the after-tax profit, and thousand HUF 18 976
(eighteen million nine hundred and seventy-six thousand) from the profit
reserves amounting altogether to thousand HUF 1 729 750 (one billion seven
hundred and twenty-nine million seven hundred and fifty thousand Hungarian
Forints). The AGM has ordered the Board of Directors to take the necessary
steps for the payment of the dividends on a pro rata basis in accordance
with the shareholding set forth in the Company's Share Register on August
22, 2011. The distribution of the dividends shall commence on August 29,
2011.'

In accordance with the above, the Company shall pay a 85% dividend against
the nominal value of its common and redeemable liquidation preference
shares, i.e. the gross amount of the dividend for a share of with nominal
value of HUF 1,000 is HUF 850 for the 2010/2011 financial year (the
'Dividend').

Important dates:

17 August 2011 (E-8th day): The last day on which contracts have to be
concluded in order to obtain shares with entitlement to Dividends at the
Budapest Stock Exchange.
22 August 2011 (E-5th day): Record date for the identification of ownership
related to Dividend payment. Persons holding shares at the end of this day
are entitled to receive the Dividend.
29 August 2011 (E day): The starting date for Dividend payments.

Pre-conditions for paying the Dividend

Those shareholders are entitled to receive the Dividend who comply with the
following criteria:
1. Either the shareholder or the nominee as defined in Art. 151 of Act CXX
of 2001 on the capital market has been registered in the stock register of
Zwack Unicum Nyrt.
2. The accounting data necessary for the Dividend have been made available
to Zwack Unicum Nyrt. This data shall be provided to Keler Zrt. by the
banks holding the shareholders' accounts on the date on which records are
compared, i.e. 22 August 2011 as the record date.

We draw our shareholders' attention to the fact that they should check the
data necessary for calculating tax with their bank by 19 August 2011 at the
latest, since the Dividend cannot be paid if these are missing.

Data necessary for the payment of the Dividend

* Natural persons: name, address, tax identification number, gender, name
at birth, place and date of birth, nationality, mother's name at birth. For
foreign natural persons, the passport number is also to be provided as they
have no Hungarian tax identification number.
* For legal persons: company name, registered office, nationality and tax
number of the shareholder (for domestic persons).
* Dividend payment via nominee : the name in respect of the nominee,
registered office, nationality and tax number (for domestic). The nominee
makes a declaration before payment regarding the quantity of shares they
manage and the shareholder structure of those shares (legal and natural
persons). The Company would like to draw nominees' attention to the fact,
that will not be able to accept changes to the given rates following the
payment, because the rate and assessment of taxation of natural and legal
persons differ.

Payment of the Dividend

According to the Articles of Association and the rules of Keler Zrt., the
Company requests Keler Zrt. to provide a comparison of records on ordinary
and liquidation preference shares, as of the starting date of the payment
of the Dividend as a Company event.
Dividends are transferred to the cash accounts for securities accounts
reported by the banks, to the shareholder's own bank account; transfers
begin from 29 August 2011.
Zwack Unicum Nyrt. is not liable for any delay resulting due to inaccurate
or missing data provided by the banks or due to the time taken to process
the data. Should the bank send missing or corrected data to Zwack Unicum
Nyrt. at a later stage (after 22 August 2011), the Company shall transfer
the Dividend by the 5th working day of the month following receipt of the
data. Zwack Unicum Nyrt. is not liable to pay interest where transfer of
the Dividend takes place after 29 August 2011 for the reasons detailed
above.

Taxation rules

Domestic and foreign natural persons
According to the provisions of Act CXVII of 1995 on personal income tax as
amended, the company shall deduct 16% with respect to registered common
shares and to redeemable liquidation preference shares as personal income
tax from natural persons covered by the Act.

In case of foreign natural persons, if the shareholder wishes to receive
Dividend with a preferential tax rate pursuant to a treaty on the
prevention of double taxation, the shareholder shall file the documents
listed in Annex 4 of Act XCII of 2003 on the rules of taxation as amended
(the 'Taxation Act') the attest by August 25, 2011 with the Investor
Relations Department of Zwack Unicum Nyrt. (H-1095 Budapest, Soroksári út 2
6.). We hereby warn the banks that foreign domicile shall be verified by a
copy of the Hungarian translation of the document issued by the relevant
foreign tax authority. Thus, starting from the 2011 fiscal year we can only
accept such proof of domicile. In case under the double taxation prevention
treaty a statement concerning beneficial ownership is also required, this
shall also be shall be verified by a copy of the Hungarian translation of
the document issued by the relevant foreign tax authority. Such statement
of course can be made in Hungarian. In case the proof of domicile, or a
notification about the later filing of same is not received by Zwack Unicum
Nyrt. the latest by August 25, 2011, the Company will pay the Dividend with
a 16% deduction as personal income tax. In case the foreign natural person
shareholder has the documents set forth in Anne 4 of the Taxation Act and
the treaty on the prevention of double taxation existing between the two
countries define a preferential tax rate, but the shareholder does not file
the necessary documents with Zwack Unicum Nyrt. by August 25, 2011 and as a
consequence Dividend is paid with a 16% personal income tax deduction, the
shareholder can claim back the difference between the 16% and the
preferential tax rate at (in Hungarian: NAV Kiemelt Ügyek és Adózók Adó Fői
gazgatósága) on the basis of the justification issued by Zwack Unicum N
yrt., pursuant to Article 5 of Annex 4 of the Taxation Act.

Shares held on long term investment accounts

In case of domestic and foreign natural persons of which the shares are
blocked under a long term investment agreement (in Hungarian: tartós
befektetési szerződés) pursuant to Section 67/B of the Personal Income Tax
Law, the payment of dividend is made without deduction (Section 67/B (6) c)
of the Personal Income Tax Law and Appendix 4 of the Rules of Taxation
Law). The investment service provider shall, together with the request for
dividend, provide to Zwack Unicum Nyrt. the information that the shares are
blocked pursuant to a long term investment agreement. In case the
investment service provider fails to provide such information, 16% of
personal income tax shall be deducted from the dividend paid.

Domestic and foreign legal persons

The Company will make payments to legal person shareholders without common
charge deductions.

Zwack Unicum Nyrt. shall issue a tax certificate on the dividend paid with
respect to the financial year 2010/2011 and the amount of the tax deducted,
and send by post by 31 January 2012 at the latest.

Dividends for the 2010/2011 financial year may be claimed for up to 5 years
from the starting date of dividend payments, following which the dividend
claim shall lapse.

Budapest, 11 July 2011
Zwack Unicum Nyrt.

Contact:
Guttengéber György
guttengeber@zwackunicum.hu

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