GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Notice of Dividend Amount • Apr 25, 2018

Current Report No. 15/2018Date: 25 April 2018Legal basis:Article 17 (1) of MAR - Inside informationTopic: Motion of theGPW Management Board to the Exchange Supervisory Board requesting anopinion on distribution of the Company's profit for 2017Content:TheManagement Board of the Warsaw Stock Exchange ("Exchange", "GPW" or"Company") announces that it intends to request the Supervisory Board ofthe Warsaw Stock Exchange to issue an opinion on the motion concerningdistribution of the profit for the financial year 2017 providing for thepayment of a dividend of 92,338,400.00 PLN (in words: ninety twomillions three hundred thirty eight thousand four hundred zloty), whichimplies a dividend of PLN 2.20 PLN per share (in words: two zloty twentygrosz) and represents 63.3% of the consolidated net profit of theCompany for the financial year 2017 attributable to the shareholders ofGPW adjusted for the share of profit of associates in accordance withGPW's dividend policy. The proposed dividend represents 59.2% of theconsolidated net profit for the year 2017 in line with the guidelinesfor companies with a stake held by the State Treasury approved by theChancellery of the Council of Ministers in September 2017.Thedividend policy of the Company provides for dividend payment above 60%of the consolidated net profit of the GPW Group for the financial yearattributable to the shareholders of GPW adjusted for the share of profitof associates. The GPW Exchange Management Board made a finaldetermination of the dividend amount recommended to the General Meetingtaking into account, among others, the following material factors:-financial results generated by the GPW Group in 2017;- theguidelines for companies with a stake held by the State Treasury whichprepare financial statements for 2017, approved by the Chancellery ofthe Council of Ministers in September 2017;- investment needsderived from the implementation of the GPW Group's strategy;-measures necessary to develop the Polish capital market infrastructure;-dividend yield and dividend payout ratio of comparable companies;-liquidity needs of the GPW Group depending on current and expectedmarket and regulatory conditions, current operating expenses and debtservice, and optimisation of the structure of financing of the GPW GroupTheGeneral Meeting is the body of the Company exclusively authorised todecide on profit distribution, including the dividend payment.Legalbasis: Article 17 (1) of Regulation (EU) No 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 2004/82/EC (EU Legal Journal L 173) ("MAR").