Dividend policy

FirstFarms' long-term goal is to allocate a proportion of the year's profit in dividends, whilst the remaining profit shall be reinvested in new projects so the portfolio can be continually optimised. The company does not anticipate paying out dividends in its first years as a listed company due to the fact that significant investments have to be made in new agricultural companies and land and also in development of current and forthcoming agricultural companies. In the longer term FirstFarms expects to pay out dividends and the size of such dividends will depend on future investment options as well as the company's cash flow.