DGAP-Ad hoc: Braas Monier Building Group S.A.

DGAP-Adhoc: Braas Monier Building Group S.A.: Change of Dividend Policy and Dividend for 2016

Braas Monier Building Group S.A. / Key word(s): Dividend

28.10.2016 08:02

Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Change of Dividend Policy and Dividend for 2016

Luxembourg, 28 October 2016. The Board of Directors of Braas Monier has previously stated its commitment to focus on generating high sustainable free cash flows and allocating them wisely. In this context the Board of Directors of Braas Monier has undertaken a review of its dividend policy with the aim of paying a dividend which appropriately reflects the Company's financial condition, results of operations, capital requirements and investment opportunities.

Accordingly the Board of Directors of Braas Monier has decided today to adjust Braas Monier's progressive dividend policy and link it more directly to the Company's adjusted free cash flow which the Board of Directors of Braas Monier deems to be more appropriate for a well-balanced capital allocation. Therefore the Board of Directors of Braas Monier has adopted a dividend policy with a total annual dividend payout ratio in the range of 30% - 50% of Braas Monier's adjusted free cash flow. Adjusted free cash flow is defined as net cash from operating and investing activities excluding growth capital expenditure (such as M&A) and significant one-off items incurred in the relevant period. Braas Monier retains its commitment to a net debt / Operating EBITDA ratio of no greater than 2.0x.

As a consequence of the Company's current operating and financial position and future prospects, the Board of Directors of Braas Monier will propose to shareholders a total dividend of EUR 0.70 per ordinary share in respect of the financial year ending 31 December 2016 at the Annual General Meeting to be held on 10 May 2017.

About Braas Monier Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 36 countries and 120 production facilities and employed 7,911 people as at 30 September 2016. The Company is headquartered in Luxembourg.

Contact Achim Schreck Director Group Communications / Investor Relations Braas Monier Building Group

Tel: +49 6171 61 28 59 E-mail: achim.schreck@monier.com Website: www.braas-monier.com

28.10.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Braas Monier Building Group S.A. 4, rue Lou Hemmer 1748 Senningerberg Grand Duchy of Luxembourg Phone: Fax: E-mail: Internet: www.braas-monier.com ISIN: LU1075065190 WKN: BMSA01 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------