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Union Brewery Declares a Dividend of SIT 1,000

Ljubljana, 25 July - The general meeting of the Union Brewery on Tuesday passed the annual report for 1999 and the proposed distribution of profit and appointed auditor for 2000 and a new supervisory board. Half of last year's profit of SIT 1.219 billion (5.8 million euro) was allocated for reserves and the rest left undistributed. Revaluated undistributed profit from 1995 and 1996 totaling SIT 722.8 million was distributed as well. SIT 451.1 million (2 million euro) or SIT 1,000 per share was earmarked for dividends, SIT 35.7 million for bonuses to management and supervisory board members, while SIT 236 million was left undistributed.

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