Dividend Policy and History

Dividend Policy and History

The distribution of dividends of PPLA Participations Ltd. will be made individually, from time to time, as proposed by the management of the company and in accordance with its Bylaws. There is no history of payment of dividends or statutory obligation to pay dividends, and these dividend distributions will not depend specifically on net income or any other performance indicator of PPLA Participations Ltd., as long as they are in compliance with the applicable legislation.