Alpek held its Annual Shareholders' Meeting

Cash dividend of U.S. $0.0677 per share approved, equivalent to U.S. $143.4 million

Monterrey, Mexico. February 27, 2019 – Alpek, S.A.B. de C.V. (“Alpek”) held today its Ordinary General Shareholders’ Meeting, in which the Company’s 2018 annual report, presented by Armando Garza Sada, Chairman of the Board, and Jose de Jesus Valdez, CEO, was approved.

Shareholders also approved the payment of a U.S. $0.0677 cash dividend per share, equivalent to U.S. $143.4 million, as of March 8, 2019. Moreover, a relevant point discussed was the plan to pay an additional dividend for the same amount in 2019, once Alpek obtains the proceeds from the sale of its two cogeneration power plants, for which a subsequent Shareholders’ Meeting would be convened.

In addition, the Meeting approved a maximum amount of Ps. $1,500 million for share repurchases.

Regarding Alpek’s Board of Directors, Shareholders approved the appointment of Francisco Garza Egloff and Jaime Zabludovsky Kuper as Independent Directors and confirmed the remaining members. Jaime Serra Puche, to whom Alpek is grateful for his valuable contributions, will no longer be a Board member.