YAVNE, Israel, Nov. 22, 2016 /PRNewswire/-- G. Willi-Food
International Ltd. (NASDAQ: WILC) (the "Company" or "Willi-Food"), a global company that specializes in the
development, marketing and international distribution of kosher foods, today announced that it has adopted a policy of issuing a
regular annual dividend at a rate of at least 25% of its annual after-tax revenues (out of earnings generated after December 31, 2013). The Company will review the dividend policy regularly and any future dividends will be at
the discretion of the Board of Directors after taking into account the Company's cash resources, projected cash needs, legal
requirements and other relevant matters.
In accordance with the new dividend policy, the Company also announced that its Board of Directors declared a regular annual
cash dividend of $0.3776 per share payable on December 21, 2016 to
shareholders of record at the close of business on December 8, 2016.
About G. Willi-Food International Ltd.
G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food
products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over
600 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and
sells its food products to over 1,500 customers in Israel and around the world including large
retail and private supermarket chains, wholesalers and institutional consumers. The Company's operating divisions include
Willi-Food in Israel and Gold Frost, a wholly owned subsidiary who designs, develops and
distributes branded kosher, dairy-food products.
FORWARD LOOKING STATEMENT
This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding
trends, demand for our products and expected sales, operating results, and earnings. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those
forward-looking statements. These risks and other factors include but are not limited to: monetary risks including changes in
marketable securities or changes in currency exchange rates- especially the NIS/U.S. Dollar exchange rate, payment default by any
of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to
the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products,
termination of arrangements with our suppliers, in particular Arla Foods, loss of one or more of our principal clients, increase
or decrease in global purchase prices of food products, increasing levels of competition in Israel and other markets in which we do business, changes in economic conditions in Israel, including in particular economic conditions in the Company's core markets, our inability to
accurately predict consumption of our products and changes in consumer preferences, our inability to protect our intellectual
property rights, our inability to successfully integrate our recent acquisitions, insurance coverage not sufficient enough to
cover losses of product liability claims and risks associated with product liability claims. We cannot guarantee future results,
levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties
summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2015, filed with the Securities and Exchange Commission on April 28,
2016. These factors are updated from time to time through the filing of reports and registration statements with the
Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this
press release.
Company Contact:
G. Willi - Food International Ltd.
Pavel Buber, CFO and Secretary
(+972) 8-932-1000
pavel@willi-food.co.il
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SOURCE G. Willi-Food International Ltd.