GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Notice of Dividend Amount • Apr 29, 2021

Current Report No. 8/2021Date: 29 April 2021Topic:Motion of the GPW Management Board to the Exchange Supervisory Board forits opinion on the proposed distribution of the Company's profit for 2020Legalbasis: 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 2020 which provides for the payment ofa dividend of PLN 104,930,000.00 (in words: one hundred four millionnine hundred thirty thousand zlotys).The proposed dividendpayment of PLN 104,930,000.00 implies a dividend of PLN 2.50 per share.The dividend payout ratio will be 69.3% of the consolidated profit and77.3% of the net profit attributable to the shareholders of the parententity adjusted for the share of profit of associates and the dividendyield will be 5,36% based on GPW's capitalisation as at 20 April 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.At the same time, the intention of the GPWManagement Board is to recommend to the General Meeting dividendpayments:• from the profit for 2019 in the amount not less thanPLN 2.4 per share,• increase of yearly dividend from profit for2020-2022, not less than PLN 0.1 per share.The Management Board,recommending the amount of dividend, took into account the followingimportant factors:• financial results reported by the GPW Groupin 2020;• Guidelines for Companies of the State Treasury whichPrepare Financial Statements for 2020, approved by the Chancellery ofthe Prime Minister in September 2020;• consistently high returnratios in 2020: ROE (14.6%) and ROA (11.1%), consistently high currentliquidity (4.9), high and growing financial resources, and no risk tothe payment of debt (negative net debt);• investment needs derivedfrom the implementation of the GPW Group's strategy #2022;•the dividend yield and the payout ratios used by comparable companies;•liquidity needs of the GPW Group depending on actual and expected marketand regulatory conditions, current operating expenses and debt service,and optimisation of the structure of financing of the GPW Group.•fees introduced by banks and low interest rates on deposits.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").