Dividend Policy

Barring exceptional circumstances, IMCD has a dividend policy with a target annual dividend in the range of 25% to 35% of adjusted net income to be paid out either in cash or in shares. There can be no assurances that in any given year a dividend will be proposed or declared. The payment of dividends, if any, and the amounts and timing thereof, will depend on a number of factors, including future revenue, profits, financial conditions, general economic and business conditions, and future prospects and such other factors as the Management Board may deem relevant as well as other legal and regulatory requirements. Furthermore, IMCD’s dividend policy is subject to change as the Management Board will revisit the company’s dividend policy from time to time.