Frou-Frou dividend

The Board of Directors of Alkis H. Hadjikyriakos (Frou-Frou Biscuits) Public Ltd  approved the final audited financial statements for the year ended 31/12/2006 and having set the date for the Annual General Meeting, which will take place on Thursday, June 7, 2007 at 6.00 pm at the Company’s office in Kokkinotrimithia,

decided to propose to the AGM the payment of a final dividend of CYP340,619 (2005: £CYP331,655) that corresponds to 0.38 cents (CYP0.0038) (2005: 0.37 cents (CYP0.0037)) for every fully paid share or 2.53% (2005: 2.47%) of the nominal value of the Company’s share capital for 2006. 

The final dividend that will be approved by the EGM will be paid to the shareholders registered as at June 25, 2007.  Pursuant to the CSE Trading Rules, transactions carried out two days prior to June 25, 2007 will be ex-dividend. 

The dividend will be paid to the shareholders on July 30, 2007. 

Pursuant to its Prospectus dated February 28, 2001, the Company has a Dividend Reinvestment Plan for 10 years.  Pursuant to the terms of the Plan, the reinvestment price is the price of the Public Registration of 50 cents. 

The Board of Directors would like to inform investors that the current price of the share is lower the reinvestment price.

e) At the same meeting, the Board of Directors decided to propose to the Extraordinary General Meeting (which will be held after the AGM) the authorization of the Board of Directors for a share buyback scheme.