GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Notice of Dividend Amount • May 13, 2022

Current Report No. 3/2022Date: 13 May 2022Topic: Motion of theGPW Management Board to the Exchange Supervisory Board for its opinionon the proposed distribution of the Company's profit for 2021Legalbasis: Article 17(1) of MAR - inside informationContent:TheManagement Board of the Warsaw Stock Exchange ("Exchange", "GPW","Company") hereby announces that it intends to request the ExchangeSupervisory Board's opinion on the motion concerning the distribution ofthe profit for the financial year 2021 which provides for the payment ofa dividend 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 recommends thepayment of an additional PLN 0.14 per share from the profit for 2021,i.e. a total of PLN 2.74.The Management Board, recommending theamount of dividend, took into account the following important factors:?financial results reported by the GPW Group in 2021;? Guidelines forCompanies of the State Treasury which Prepare Financial Statements for2021, approved by the Chancellery of the Prime Minister in September2021;? consistently high return ratios in 2021: ROE (17.1%) and ROA(11.6%), consistently high current liquidity (2.0), high and growingfinancial resources, and no risk to the payment of debt (negative netdebt);? investment needs derived from the implementation of the GPWGroup's strategy 2022;? the dividend yield and the payoutratios used by comparable companies;? liquidity needs of the GPWGroup depending on actual and expected market and regulatory conditions,current operating expenses and debt service, and optimisation of thestructure of financing of the GPW Group.The General Meeting isthe Company's body exclusively competent to decide about profitdistributions, including dividend payments.Legal basis: Article17(1) of Regulation (EU) 596/2014 of the European Parliament and of theCouncil of 16 April 2014 on market abuse (market abuse regulation) andrepealing Directive 2003/6/EC of the European Parliament and of theCouncil and Commission Directives 2003/124/EC, 2003/125/EC and2004/72/EC (EU Official Journal L 173) ("MAR").