DIVIDEND

The dividend per share related to the 2017 fiscal year was €1.90, up +11.8% from 2016. This dividend reflects the confidence of both the Board and management in the Company's agenda towards strong profitable and sustainable growth.

Shareholders have been asked to opt for full payment of their dividend in either cash or in Danone shares. New shares were issued at a price set at 90% of the average opening Danone share price on Euronext over the twenty trading days prior to the Shareholders' Meeting on April 26, 2018 less the amount of the dividend.

The ex-dividend date was May 4, 2018. The period during which shareholders may opt to receive dividends in cash or in shares began on May 4 and ran through May 18. Dividends have been paid in cash or in shares on May 31, 2018.