Jeronimo Martins — AGM Information 2019

Apr 11, 2019

Resolutions of the Annual General Shareholders Meeting

Jerónimo Martins, SGPS, S.A. informs that, at its Annual General Shareholders Meeting held today, the proposals concerning the items on the Agenda were approved as follows:

• 1. 2018 financial statements, including the management report, the individual and consolidated accounts, the corporate governance report and other corporate, supervisory and audit information documents;
• 1. The proposal for application of results as presented:

In the financial year 2018, Jerónimo Martins, SGPS, S.A. declared consolidated profits of 401,043,571.60 euros and a profit in individual accounts of 759,485,273.07 euros.

The Board of Directors proposes to Shareholders that the net profits for the year be applied in the following manner:

• Free Reserves ……………... 555,244,151.57 euros.
• Dividends ……………………. 204,241,121.50 euros.

The proposed distribution of profits for the year represents a gross dividend payment of 0.325 euros per share, excluding own shares in the portfolio.

• 1. A vote of appreciation, recognition and trust to the Board of Directors and to each and every member thereof and, in particular, to its Chairman, also for the way they have led the management of the Company during 2018, and to the Audit Committee and each and every member thereof
• 1. The statement on the remuneration policy of the corporate bodies of the Company prepared by the Remuneration Committee;
• 1. The election of the Governing Bodies for the period 2019-2021, according to the proposals submitted to the Annual General Shareholders' Meeting;
• 1. The election of the members of the Remuneration Committee for the period 2019- 2021, according to the proposal submitted to the Annual General Shareholders' Meeting.

Note: The proposals are available at https://www.jeronimomartins.com/en/2019-annual-general-meeting/

Lisbon, April 11, 2019