Dividend History

Stock Dividend (per share)
Percent Record Date Payment Date
50% August 5, 1994 August 31, 1994
25% October 2, 1997 November 12, 1997
Cash Dividend (per share)
Peso Amount Declaration Date Record Date Payment Date
0.05 September 20, 2006 October 13, 2006 October 27, 2006
0.05 November 19, 2007 December 4, 2007 December 18, 2007
0.07 October 8, 2008 November 6, 2008 November 28, 2008
0.07 November 16, 2009 December 1, 2009 December 22, 2009
0.07October 27, 2010November 25, 2010December 17, 2010
0.07October 20, 2011November 18, 2011December 14, 2011
0.10November 22, 2012December 07, 2012December 21, 2012

Dividend Restriction

There are no restrictions that limit the ability to pay dividends except those provided under Section 43 of the Corporation Code and other existing laws. To the extent feasible, it is the policy of the Company to declare periodically a portion of its unrestricted retained earnings as dividends to shareholders, either in the form of stock or cash, or both. The payment of dividends in the future will depend on the Company's earnings, cash flow, investment program and other factors.

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