Bogotá D.C., March 22, 2019
EARNINGS DISTRIBUTION PROPOSAL
Avianca
Holdings S.A.s shareholders meeting, in the ordinary meeting held on March 22, 2019, approved by majority vote of the shareholders present at the meeting the following earnings distribution proposal:
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At the close of fiscal year 2018, Avianca Holdings S.A. recorded a net profit of US$1.1 million.
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From earnings of the period ended December 31, 2018 and retained earnings of previous periods, the Company
proposes to distribute:
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COP$50 per share to shareholders of preferred stock of the Company, representing three hundred forty million
five hundred seven thousand nine hundred seventeen (340,507,917) outstanding preferred shares of the Company, which is equivalent to a total dividend of seventeen thousand twenty five million three hundred ninety five thousand eight hundred fifty
Colombian pesos (COP$17,025,395,850). Declared dividends will be paid in three (3) installments in the amounts below on the following dates:
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COP$16 per share, on May 24, 2019.
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COP$16 per share, on August 23, 2019.
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COP$18 per share, on September 20, 2019.
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COP$46 per share for ordinary shareholders, representing six hundred sixty million eight hundred thousand three
(660,800,003) ordinary shares in circulation of the Company, which is equivalent to a total dividend of thirty thousand three hundred and ninety six million eight hundred thousand one hundred thirty eight Colombian pesos (COP$30,396,800,138).
Declared dividends will be paid in three (3) installments in the amounts below on the following dates:
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COP$3 per share, on May 24, 2019.
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COP$3 per share, on August 23, 2019.
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COP$40 per share, on September 20, 2019.
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For further information please contact:
Avianca Investor
Relations
+
571-5877700
ext. 2474, 1349
ir@avianca.com
ABOUT AVIANCA HOLDINGS S.A.
The terms Avianca Holdings or the Company refer to the consolidated entity. The original source-language text of this announcement is
the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) is comprised of the following airlines: Aerovías del Continente Americano S.A.Avianca, Tampa Cargo
S.A., incorporated in Colombia, Aerolineas Galapagos S.A.Aerogal, incorporated in Ecuador, and the TACA Group companies: TACA International Airlines S.A., incorporated in El Salvador, Lineas Aereas Costarricenses S.A.LACSA, incorporated
in Costa Rica, Avianca Perú S.A., incorporated in Perú, Servicios Aéreos Nacionales S.A.SANSA, incorporated in Costa Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, and Isleña de Inversiones S.A.
de C.V.ISLEÑA, incorporated in Honduras.
+571 587 77 00 2474, 1349
ir@avianca.com