GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Report Publication Announcement • May 12, 2017

Current Report No. 26/2017Date: 12 May 2017Topic: Proposal ofthe WSE Management Board to the WSE Supervisory Board to provide opinionregarding proposed distribution of profit for 2016Legal basis:Article 56.1 (2) of the Act on Offering - current and periodicinformationContent:The Management Board of the Warsaw StockExchange ("WSE", "Company") reports that it intends to seek the opinionof the WSE Supervisory Board on a profit distribution proposal for thefinancial year 2016, which provides for the payment of dividend of PLN90,239,800.00 (in words: ninety million two hundred thirty nine thousandeight hundred zlotys), which is equivalent to PLN 2.15 (in words: twozlotys fifteen grosz) per share and represents 70.7% of the consolidatednet profit of the Company for the financial year 2016, attributable tothe shareholders of WSE and adjusted for the share of profit ofassociates.The WSE Management Board proposal for dividend payment isconsistent with the dividend policy of the Company, assuming a dividendpayment at a level exceeding 60% of the consolidated net profit of theWSE Group for the financial year attributable to the shareholders ofWSE, adjusted for the share of profit of associates. When deciding theamount of dividend to be recommended at each time to the GeneralMeeting, the GPW Management Board will at each time take into accountamong others the following pertinent factors:- investment needsderived from the implementation of the GPW Group's strategy,-the needs to take measures necessary to develop Poland's capital marketinfrastructure,- dividend yield and dividend payout rate of otherpeer companies,- liquidity needs of the GPW Group depending oncurrent and expected market and regulatory conditions, current operatingexpenses and debt service, and optimization of the structure offinancing of the GPW Group.Decisions concerning profitdistribution and dividend payments fall within the exclusive competenceof the General Shareholders Meeting.Legal basis: § 38.1(11) ofthe Regulation of the Minister of Finance of 19 February 2009 on currentand periodic information provided by issuers of securities and onconditions under which information required by legal regulations of athird country may be recognized as equivalent.