May 3, 2002 – Santiago, Chile.
Quiñenco S.A. (LQ:NYSE) will pay a dividend of Ch$5.74560 per share corresponding to the distribution of 2001 net income, on or after May 9, 2002 to shareholders on record as of May 3, 2002. The dividend, which was approved at the Annual Shareholders’ Meeting held on April 30, 2002, is equivalent to 40% of 2001 net earnings.
The total dividend distribution, which amounts to Ch$6,203,752,733 (Ch$5.74560 per common share, Ch$57.45600 per ADR*), will be distributed among its 1,079,740,079 common shares, as follows:
A minimum (obligatory by law) dividend of Ch$3,508,344,062, equivalent to Ch$3.24925 pesos/share and 22.62% of 2001 earnings.
An additional dividend of Ch$2,695,408,671, equivalent to Ch$2.49635 pesos/share and 17.38% of 2001 earnings.
* 1 ADR is equivalent to 10 ordinary shares.