The Board of Directors of Puregold Price Club Inc. [PGOLD] effective today
announced a new dividend policy with at least 30% of core net income of the previous year being returned to shareholders in the form of cash dividends.

The PGOLD Board of Directors, at its meeting today also declared dividends on the company’s common stock of PHP 0.86 per share payable on January 20, 2023 , to shareholders of record at the close of business on January 10, 2023. This dividend represents a seventy-two percent year on year increase in annual cash dividends declared versus the previous year.

PGOLD has paid dividends to its shareholders without interruption since being publicly listed in 2011.