Dividend Payment

- For shareholders holding dematerialized shares (in CAVALI I.C.L.V.), please consult with your Stock Brokerage Firm (Sociedad Agente de Bolsa).
- For shareholders holding materialized shares (share certificates):
Please contact the Securities Department at mblas@acerosarequipa.com, attaching a copy of your ID and the following form:
Contact: Mirely Blas
WhatsApp: (+511) 980365680

Dividend Income Certificate

To request your "Certificate of Income and Withholdings for Dividends and any other form of Profit Distribution," please contact the Securities Department at mblas@acerosarequipa.com and send us a copy of your ID so we can proceed with the issuance.

Dividend Policy

The Company shall allocate profits to cash dividends after deducting the legal reserves and any other reserves that, upon recommendation from the Board of Directors, may be deemed necessary for the Company's operations.

The proportion of profits to be distributed annually as cash dividends will be 40% of the freely disposable profit for the fiscal year.

The Board of Directors may approve two cash dividend advances during the current fiscal year at the following occasions:

For an amount equivalent to up to 10% of the projected freely disposable profit for the current fiscal year, along with the approval of the interim financial statements as of June 30th of each year.

For an amount equivalent to up to 24% of the projected freely disposable profit for the current fiscal year, after deducting the first dividend advance, along with the approval of the interim financial statements as of September 30th of each year.

The dividend payment for an amount equivalent to up to 40% of the freely disposable profit for the fiscal year, after deducting all previous dividend advances, will be submitted for consideration to the General Shareholders' Meeting to be held within the first quarter of the following fiscal year.

The approval of cash dividend advances, the balance of the annual dividend, and the amounts for which they are issued, will be subject to the company's liquidity, debt levels, and cash flow, as well as to the compliance with the commitments established in the financing agreements signed by the Company.

Exceptionally, the Board of Directors may, if deemed appropriate, approve an additional dividend, with the requirement to justify the decision before the General Shareholders' Meeting. Dividend payments shall be made within sixty (60) calendar days following the approval of their distribution.

The distribution of bonus shares through the capitalization of profits will be evaluated by the General Shareholders' Meeting upon the Board of Directors proposal, either at the Annual General Shareholders' Meeting or at any other General Shareholders' Meeting convened for that purpose.

For more information, please refer to the Important Facts of 03/30/2023, file SMV 2023013876.

Dividend Expiration

We remind you that we are a Corporation, and in accordance with Article 232 of the General Corporations Law, "The right to collect a dividend expires three years from the date on which its payment became due in accordance with the dividend declaration agreement."