DIVIDENDS

FIRST DIVIDEND CHARGED TO 2019 INCOME

The board of directors approved the first dividend charged to 2019 income of 0.10 euro cents per share, to be paid in cash from 1 November. This amount is the same as that paid between August (0.065 euro cents) and November (0.035 euro cents) 2018.

Dividends paid in the second half

euro cents/share

*Last two dividends paid + one announced/average share price 2019

Total shareholder remuneration charged to 2019 income:

As announced in 2018, from this year shareholders will receive two annual dividend payments instead of the previous four.

The board of directors also ratified its intention to maintain the dividend pay-out ratio at between 40% and 50%, with the cash dividend being at least the same as last year.

Targeted pay-out
40-50%

of underlying
attributable profit

Expected payments
2

in the year

Cash

Proportion not lower than that of 2018