Copa Holdings approves USD3.84 annual dividend

19 February 2014

The board of directors of Copa Holdings, S.A. (NYSE: CPA), at its regular meeting held on February 12, 2014, approved its 2014 annual dividend of USD3.84 per share.

This dividend, which is divided in four quarterly payments, represents an amount equal to 40 percent of the company´s annual consolidated net income for 2013. As a result, a quarterly dividend corresponding to 1Q14 of USD0.96 per share, on all outstanding class A and class B shares, will be paid on March 17, 2014 to stockholders of record as of February 28, 2014.

Copa Holdings is a leading Latin American provider of passenger and cargo services. For more information visit www.copaair.com.

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