Bloomberry establishes annual dividend policy

August 14, 2024 – Bloomberry Resorts Corporation today announced that its Board of Directors approved the following Dividend Policy in a board meeting held on 13 August 2024:

Bloomberry Resorts Corporation (the "Company", the “Group”) aims to make annual distributions of cash dividends of thirty five percent (35%) of its prior year’s audited consolidated Earnings Per Share, subject to the following conditions:

• The Cash dividend shall be taken from the unrestricted retained earnings of the Company as required by law.
• The Company’s Board of Directors, considering recommendation from Management, shall determine the amount and timing of the declaration of cash dividends.
• The Company shall consider and comply with any contractual restrictions on dividend payments imposed by existing and future debt facilities, and any other factors deemed relevant by Management and the Board of Directors.
• • The Company’s Board of Directors shall consider the Company’s current and future business performance, current and future economic conditions, development pipeline, cash flows, and financial position in determining the amount of cash dividends.

As the business of the Company has grown with the opening of Solaire Resort North, Bloomberry’s Board of Directors approved this policy to further enhance shareholder value.

The Company anticipates that Solaire Resort North will augment cash flows generated by the Group as it ramps-up in the coming quarters. The first dividend under this policy will be declared once Management and the Board of Directors are satisfied with the Company’s overall performance and cash flows, subject to the conditions set out above.

About Bloomberry Resorts Corporation

Listed on the Philippine Stock Exchange (PSE: BLOOM), Bloomberry Resorts Corporation is a leader in developing world-class destinations, comprising luxurious accommodations, premier gaming facilities, and exceptional dining. Its portfolio includes Solaire Resort Entertainment City, Solaire Resort North in Quezon City, and Jeju Sun Hotel & Casino (Jeju City) in Korea.

Solaire Resort North, a USD $1.0 billion venture, is the latest addition to the celebrated Solaire brand. It is Quezon City's inaugural luxury destination to offer authentic five-star services and amenities.

For more information, please visit http://www.bloomberry.ph and https://www.solaireresort.com

Bloomberry’s latest sustainability report is available here: https://bloomberry.ph/sustainability/sustainability-report