Approval of audited Consolidated Financial Statements of ALKIS H. HADJIKYRIACOS (FROU FROU

BISCUITS) PUBLIC LTD for the year 2015 and dividend increase

We wish to inform you that at its scheduled meeting held on Thursday, 28 April 2016, at 10.30 a.m., the

Board of Directors of ALKIS H. HADJIKYRIACOS (FROU FROU BISCUITS) PUBLIC LTD transacted the

following business:

a) It examined and approved the audited consolidated statements of the Group for the year ended

31 December 2015. The audited consolidated financial results of 2015 do not vary significantly

from the preliminary results already announced. The Annual Report of the Company will not be

posted to the shareholders, but copies will be available at the Company’s offices, 115 Gr.

Afxentiou Str., 2660 Kokkinotrimithia, tel.: 22835090, fax: 22835950, email:

info@froufrou.com.cy. The Annual Report will also be posted on the Company’s website.

b) It set the Annual General Meeting for Friday, 27 May 2016, at 5.30 p.m. at our Company’s

offices in Kokkinotrimithia. The relevant notice to the Annual General Meeting will be posted to

all the shareholders.

c) As announced on 19 February 2016, the Board of Directors will propose to the Annual General

Meeting of the shareholders the payment of dividend of €988,607 (2014: €958,949), which

corresponds to €0.01 cent per share (2014: €0.0097 cent) or 3.85% (2014: 3.7%) of the nominal

value of the Company’s share capital, corresponding to a dividend yield of 3.8% on the average

closing price of the share at €0.266 on 31 December 2015. This is the 14th consecutive year in

which the Company pays an increased dividend.

FOR ALKIS H. HADJIKYRIACOS

(FROU FROU BISCUITS) PUBLIC LTD

Andreas Theocharides