GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Notice of Dividend Amount • Apr 17, 2020

Current Report No. 7/2020Date: 17 April 2020Topic: Motion ofthe GPW Management Board to the Exchange Supervisory Board for itsopinion on the proposed distribution of the Company's profit for 2019Legalbasis: 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 2019 which provides for the payment ofa dividend of PLN 100,732,800.00 (in words: one hundred million sevenhundred thirty two thousand eight hundred zlotys).The proposeddividend payment of PLN 100,732,800.00 implies a dividend of PLN 2.40per share. The dividend payout ratio will be 84.4% of the consolidatedprofit (93.22% of the net profit attributable to the shareholders of theparent entity adjusted for the share of profit of associates) and thedividend yield will be 6.61% based on GPW's capitalisation as at 9 April2020.The recommendation of the Exchange Management Board and theopinion of the Exchange Supervisory Board on that matter are in linewith GPW's dividend policy, which provides for the payment of dividend,depending on the profitability and financial capacity of GPW, above 60%of the consolidated net profit of the GPW Group of the financial yearattributable to the shareholders of GPW adjusted for the share of profitof associates.The Management Board, recommending the amount ofdividend, took into account the following important factors:•very good financial results reported by the GPW Group in 2019;•Guidelines for Companies of the State Treasury which Prepare FinancialStatements for 2019, approved by the Chancellery of the Prime Ministerin September 2019;• consistently high return ratios: ROE (13.6%) andROA (9.6%), consistently high current liquidity (6.7), 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").