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over 90 years of tradition and science

ro / eng

1

I own stock certificates at S.C. BIOFARM S.A. and I have not been paid dividends, except for only one year. Why have I not received any dividends over the following years?

1. Since granting in 1996 the Certificates of shareholder of S.C. BIOFARM S.A., at our company, following the decision of shareholders present in the general meetings that took place for approving the conclusion of each financial year, the distribution of dividends afferent to 2000 was approved to each shareholder of the company, proportionally to the number of shares held.

2. By decision of the extraordinary general meeting of shareholders no. 37 of 13.07.2004, the shareholders present at the meeting have decided to increase the share capital with the reserves constituted from the net profit afferent to 1997, 1998, 1999 allocated for company modernization and the net undistributed profit afferent to 2001, 2002, 2003.

The shares issued by increasing the share capital were distributed free of charge, proportionally with the number of shares owned, to shareholders registered in the register of shareholders at the end of 15.07.2004.

3. By decision of the extraordinary general meeting of shareholders no. 44 of 02.06.2005, the increase of share capital of the company with the reserves constituted from the net profit corresponding to 2004 was decided.

The shares issued by increasing the share capital were distributed free of charge, proportionally with the number of shares owned, to shareholders registered in the register of shareholders at the end of 17.06.2005.

4. The General Meeting of Shareholders of 27.04.2006 decided through the shareholders who were present, not to distribute dividends for 2005, the remaining profit being allocated to company's reserves. Moreover, the Extraordinary General Meeting of Shareholders decided to delegate to the Board of Directors the competence to increase the share capital of the company with the reserves constituted from the net profit corresponding to 2005.

The Board of Directors of S.C. BIOFARM S.A. decided in the meeting of 23.05.2006 the increase of share capital of the company with the amount of 11,023,105 RON.

The shares issued by increasing the share capital were distributed free of charge, proportionally with the number of shares owned, to shareholders registered in the register of shareholders at the end of 07.06.2006.

5. The General Meeting of Shareholders of S.C. BIOFARM S.A. of 25.04.2007 decided that for the closure of 2006 financial year, through the shareholders who were present at the meeting, that the remaining profit that is going to be distributed, to be allocated to company's reserves.

Through the decision no. 54/25.04.2007 of the Extraordinary General Meeting of Shareholders it was decided to increase the share capital with the amount of 11,737,599 RON. The issued shares were distributed free of charge, proportionally with the number of shares owned, to shareholders registered in the register of shareholders at the end of 14.05.2007.

6. Through the decisions of the General Meeting of Shareholders no. 62 of 15.04.2009 and no. 65 of 21.04.2010, shareholders who were present at the meeting decided to distribute the net profit corresponding to 2008 and 2009 for covering some losses.

7. Through the decision of the Ordinary General Meeting of Shareholders no. 66 of 19.04.2011 shareholders who were present at the meeting decided to grant dividends at the gross value of 0.0055 lei/share. The procedure of dividends distribution can be verified on the company website at www.biofarm.ro, section Corporative Governance/Investors/ GMS /General Meeting of Shareholders of 19 – 20 April 2011.

8. Through the decision of the Ordinary General Meeting of Shareholders no. 68 of 24.04.2012 shareholders who were present at the meeting decided to grant dividends at the gross value of 0.01 lei/share. The procedure of dividends distribution can be verified on the company website at www.biofarm.ro, section Corporative Governance/Investors/ GMS /General Meeting of Shareholders of 23 – 24 April 2012.

9. Through the decision of the Ordinary General Meeting of Shareholders no. 69 of 18.04.2013 shareholders who were present at the meeting decided to grant dividends at the gross value of 0.013 lei/share. The procedure of dividends distribution can be verified on the company website at www.biofarm.ro, section Corporative Governance/Investors/ GMS /General Meeting of Shareholders of 18 – 19 April 2013.