Press release

In the wake of yesterday's Annual General Meeting, the Board of Directors of Iberpapel has approved the payment of a dividend in the amount of €0.65 per share (before withholding tax). Of this total, €0.30 per share has already been paid out to the Company's shareholders in the form of an interim dividend, leaving payment of a final dividend of €0.35 per share pending; this dividend will be paid from 4 May 2016.

Iberpapel recorded first-half net profit of €13.4 million, compared to €9.7 million in 1H10 EBITDA was 12.9% higher in the first six months of the year at €22.5 million Group borrowings were slashed by 78%, to leave a net cash balance
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