Jollibee Fs

DIVIDEND POLICY:

The Company paid dividends as follows:

For fiscal year 2012, a regular cash dividend of P=1.50 per share and a special dividend of P=0.40 per

share were declared to all stockholders of record as of May 8, 2012 and paid on June 1, 2012.

For fiscal year 2011, a regular cash dividend of P=1.50 per share and a special dividend of P=0.40 per

share were declared to all stockholders of record as of May 31, 2011 and paid on June 27, 2011.

For fiscal year 2010, cash dividend of P=0.94 per share was declared to all stockholders of record as

of May 5, 2010 and paid on May 20, 2010.

SIGNIFICANT TRANSACTION

The Group’s significant transactions with related parties follow:

(a) Sales to related parties (which include affiliates Robinson’s Supermarket, Robinsons

Convenient Store, HURC and Robinsons Handyman) amounted to P=1.6 billion,

P=890.0 million and P=1.4 billion in 2012, 2011 and 2010, respectively. Trade receivables from

HURC amounted to P=18.1 million and P=148.3 million as of September 30, 2012 and 2011,

respectively.

(b) The Group purchases polypropylene resin for BOPP film from JGSPC, an affiliate. BOPP

film is used as one of the raw materials for the Group’s packaging division. Said purchases

amounted to P=1.4 billion, P=813.2 million and P=560.6 million in 2012, 2011 and 2010,

respectively. The Group also purchases power from JGSPC. The said purchases amounted to

P=301.4 million, P=266.2 million and P=179.2 million in 2012, 2011 and 2010, respectively.

(c) JGSHI provides the Group certain corporate services including corporate finance, corporate

planning, procurement, human resources, legal and corporate communications.

(d) The Group leases certain properties from JGSHI. Expenses relating to said lease amounted to

P=16.1 million for year ended 2012 and P=17.0 million for each of the years ended 2011 and

2010.

(e) The Group leases certain properties to various related parties (which include DTPI, NURC

and...