Dividend Policy
The bylaws of IAM define its dividend policy, which consists of the distribution of 30% of the distributable earnings for the year, except with the unanimous agreement of the shareholders to distribute a lower percentage. However, if the sum of the distributions of dividends or of capital received in cash from the subsidiary Aguas Andinas S.A. during the year, less operating and non-operating expenses and provisions for the year that have to be made according to applicable accounting principles, is an amount that exceeds the 30%, the company should distribute such excess as an additional dividend within 60 business days of the respective ordinary shareholders’ meeting up to the total amount of the distributable earnings for the year.

Dividends Paid
The following shows the last dividends paid by the company as duly approved in each case: