Alpek approves a cash dividend of U.S. $0.0677 per share

Monterrey, N.L., Mexico. January 20^th, 2020 – Alpek, S.A.B. de C.V. (“Alpek”) held today an Ordinary General Shareholders’ Meeting, in which a cash dividend payment of U.S. $0.0677 dollars per share was approved, equivalent to U.S. $ 143.2 million to be paid in a single disbursement on January 29^th, 2020.

Its intent is to compensate our shareholders for the non-payment of dividends during 2018, contingent upon receiving the proceeds from the sale of Alpek’s two energy cogeneration plants located in Cosoleacaque and Altamira, Mexico, which were received on November 25^th, 2019.

This payment is independent from any dividend decree to be proposed during the Annual Shareholders’ Meeting where 2019 results will be discussed, and which will be convened in the upcoming days.