GraceKennedy Limited will make an interim dividend payment on May 26, 2006 of $147M, which represents 45 cents per stock unit, based on the existing share capital of 327 million shares. Notice was served that the Company’s Register of Members will be closed from the close of business on May 5, 2006 to May 11, 2006.

This was disclosed by the company’s Chief Financial Officer, Don Wehby, following a Board of Directors meeting held on March 16, 2006. The payment to be made in May 2006 is consistent with the company’s Dividend Policy, which is to distribute at least 10% of net profit attributable to stockholders, as well as maintain a total dividend pay out which is at least as high in dollar terms as it was the previous year. The total dividend payment for 2005 was $327M, or 1 dollar per share, up 12% when compared to the 2004 payment of $292M.

Posted: March 16, 2006