Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 3.50 Apr 10, 17 Apr 06, 17 Apr 03, 17 Mar 24, 17
Ordinary 3.50 Oct 10, 17 Oct 06, 17 Oct 03, 17 Mar 24, 17
Extraordinary 8.50 May 10, 17 May 05, 17 May 02, 17 Mar 24, 17
Extraordinary 8.50 Nov 10,17 Nov 07,17 Nov 01,17 Mar 24, 17
Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 2.25 Apr 10, 16 Apr 07, 16 Apr 04, 16 Mar 18, 16
Ordinary 3.00 Oct 10, 16 Oct 06, 16 Oct 03, 16 Mar 18, 16
Extraordinary 13.50 May 27, 16 May 26, 16 May 23, 16 Mar 18, 16
Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 2.00 Apr 10, 15 Apr 08, 15 Apr 01, 15 Mar 20, 15
Ordinary 2.00 Oct 10, 15 Oct 07, 15 Oct 02, 15 Mar 20, 15
Extraordinary 12.50 May 11, 15 May 07, 15 May 04, 15 Mar 20, 15
Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 1.50 Apr 10, 14 Apr 08, 14 Apr 03, 14 Mar 21, 14
Ordinary 1.50 Oct 10, 14 Oct 08, 14 Oct 03, 14 Mar 21, 14
Extraordinary 8.00 May 10, 14 May 07, 14 May 02, 14 Mar 21, 14
Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 1.00 Apr 10, 13 Apr 08, 13 Apr 03, 13 Mar 22, 13
Ordinary 1.00 Oct 10, 13 Oct 03, 13 Sep 30, 13 Mar 22, 13
Extraordinary 4.50 May 10, 13 May 06, 13 Apr 30, 13 Mar 22, 13
Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 0.50 Apr 10, 12 Apr 9, 12 Apr 02, 12 Mar 23, 12
Ordinary 0.50 Oct 10, 12 Oct 03, 12 Sep 28, 12 Mar 23, 12
Extraordinary 3.00 May 10, 12 May 04, 12 Apr 30, 12 Mar 23, 12
Type of
Dividend
Amount
(Bolivars/ Share)
Payment Date Effective
Record Date
Last Date
Shares Trade
(Cum-Dividend)
Date of
Approval
Ordinary 0.32 Apr 15, 11 Apr 14, 11 Apr 11, 11 Mar 31, 11
Ordinary 0.32 Oct 10, 11 Oct 05, 11 Sep 30, 11 Mar 31, 11
Extraordinary 2.36 May 10, 11 May 04, 11 Apr 29, 11 Mar 31, 11

Mercantil did not pay stock dividends during 2012 - 2017.



(In Millions of Bolivars)(2)

Ordinary Cash Dividend Extraordinary Cash Dividend Total Cash Dividend Total Stock Dividend Total Cash and Stock Dividend
733 1,781 2,514 0.00 2,514

(2)Estimated

(In Millions of Bolivars)

Ordinary Cash Dividend Extraordinary Cash Dividend Total Cash Dividend Total Stock Dividend Total Cash and Stock Dividend
544 1,414 1,959 0.00 1,959

(In Millions of Bolivars)

Ordinary Cash Dividend Extraordinary Cash Dividend Total Cash Dividend Total Stock Dividend Total Cash and Stock Dividend
409 1,278 1,687 0 1,687

(In Millions of Bolivars)

Ordinary Cash Dividend Extraordinary Cash Dividend Total Cash Dividend Total Stock Dividend Total Cash and Stock Dividend
306 817 1,124 0 1,124

(In Millions of Bolivars)

Ordinary Cash Dividend Extraordinary Cash Dividend Total Cash Dividend Total Stock Dividend Total Cash and Stock Dividend
204 459 664 0 664

(In Millions of Bolivars)

Ordinary Cash
Dividend
Extraordinary Cash
Dividend
Total Cash
Dividend
Total Stock
Dividend
Total Cash and Stock
Dividend
102 306 408 0 408

(In Millions of Bolivars)

Ordinary Cash
Dividend
Extraordinary Cash
Dividend
Total Cash
Dividend
Total Stock
Dividend
Total Cash and Stock
Dividend
65 241 306 0 306

Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
7.00 17.00 24.00 -
Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
5.25 13.5 18.75 -
Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
4.00 12.50 16.50 -
Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
3.00 8.00 11.00 -
Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
2.00 4.50 6.50 -
Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
1.00 3.00 4.00 -
Ordinary Cash Dividend (Bolivars / Share) Extraordinary Cash Dividend (Bolivars / Share) Total Cash Dividend (Bolivars / Share) Stock Dividend
0.64 2.36 3.00 -

Monetary Conversion and Nominal Value Change

The Extraordinary General Shareholders’ Meeting of December 10, 2007 is considered appropriate, in light of the implementation of the Monetary Conversion Law, to increase the nominal value of Mercantil Servicios Financieros’ Class A and Class B shares from Bs. 150.00 to 1,500.00 by converting 10 current common shares into one new common share – and thus of Mercantil’s ADR’s –. The conversion took place on December 20, 2007. As a result, once shares began trading the following day the market value of this new common share was equivalent to the market value of shares on the prior closing multiplied by 10..

On January 1, 2008, the Monetary Conversion Law came into effect and all the figures expressed in bolivars prior to that date were divided by 1,000 and expressed in the new monetary denomination called the “Bolívar Fuerte” (Bs. F).


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