Press release

The Board of Directors of Iberpapel, in a meeting held today, 3 February 2011, has agreed to pay a dividend against 2010 profits in the amount of €0.30 per share (before tax), marking growth of 275% on the €0.08 per share dividend paid from 2009 profits.
Iberpapel generated net profit of €16.5 million in the first nine months of 2010, surging 252% year-on-year , revenue climbed 11.2% on 9M09, while EBITDA jumped 91.8% year-on-year. The recovery in average paper sales prices coupled with the cost-cutting and energy efficiency programs drove Iberpapel’s earnings momentum.
At its General Meeting held today, the shareholders of Iberpapel Gestión ratified the partial distribution to shareholders of the share premium account, in the amount of €0.145 per share.
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