GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Notice of Dividend Amount • May 19, 2022

Current Report No. 5/2022Date: 19 May 2022Topic: Opinion of theExchange Supervisory Board on the distribution of the Company's profitfor 2021 proposed by the GPW Management BoardLegal basis: Article17(1) of MAR - inside informationContent:Further toCurrent Report No. 3/2022 of 13 May 2022, the Warsaw Stock Exchange(_quot;Exchange_quot;, _quot;GPW_quot;, _quot;Company_quot;) hereby announces that on 19 May 2022 theExchange Supervisory Board has issued a positive opinion on the motionof the Exchange Management Board concerning the distribution of theprofit for the financial year 2021 which provides for the payment of adividend of PLN 115,003,280.00 (in words: one hundred fifteen millionthree thousand two hundred eighty zlotys).The proposed dividendpayment of PLN 115,003,280.00 implies a dividend of PLN 2.74 per share.The dividend payout ratio will be 71,3% of the consolidated profit and84,0% of the net profit attributable to the shareholders of the parententity adjusted for the share of profit of associates and the dividendyield will be 7,50% based on GPW's capitalisation as at 10 May 2021.Therecommendation of the Exchange Management Board and the opinion of theExchange Supervisory Board on that matter are in line with GPW'sdividend policy, which provides for the payment of dividend, dependingon the profitability and financial capacity of GPW, above 60% of theconsolidated net profit of the GPW Group of the financial yearattributable to the shareholders of GPW adjusted for the share of profitof associates.According to GPW's dividend policy, the intentionof the GPW Management Board is to recommend to the General Meeting anincrease in the dividend from the profit for 2020-2022 by not less thanPLN 0.1 per share anually (starting with the payment of PLN 2.5 dividendper share from the profit for 2020). This would mean a payout from theprofit for 2021 at a level not lower than PLN 2.6 per share.Dueto very good financial results in 2021, the end of the horizon of the#GPW2022 Strategy and the financing of implemented strategic projectsfrom external funds (NCBiR), the GPW Management Board recommendation andthe opinion of the Exchange Supervisory Board, agree to pay out anadditional PLN 0.14 per share from the profit for 2021, i.e. a total ofPLN 2.74.In issuing a positive opinion on the proposal of theExchange Management Board concerning the proposeddividend amount,the Exchange Supervisory Board has taken into consideration among othersthe following material factors indicated by the Exchange ManagementBoard:- financial results reported by the GPW Group in 2021;-Guidelines for Companies of the State Treasury which Prepare FinancialStatements for 2021, approved by the Chancellery of the Prime Ministerin September 2021;- consistently high return ratios in 2021: ROE(17.1%) and ROA (11.6%), consistently high current liquidity (2.0), highand growing financial resources, and no risk to the payment of debt(negative net debt);- investment needs derived from theimplementation of the GPW Group's strategy 2022;- the dividendyield and the payout ratios used by comparable companies;- liquidityneeds of the GPW Group depending on actual and expected market andregulatory conditions, current operating expenses and debt service, andoptimisation of the structure of financing of the GPW Group.TheGeneral Meeting is the Company's body exclusively competent to decideabout profit distributions, including dividend payments.Legalbasis: Article 17(1) of Regulation (EU) 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC (EU Official Journal L 173) ("MAR").