The Management Board’s recommendation concerning the dividend payment

The Management Board of Grupa Kęty S.A., on 7 February 2017, adopted a resolution concerning the recommendation to the General Meeting of Shareholders of Grupa Kęty S.A. of the payment of the dividend for the financial year 2016 amounting to ca. 80% of the consolidated net profit.

The dividend level is as per the dividend policy adopted by the Supervisory Board of Grupa Kęty S.A., which provides for the payment of dividend amounting to 60%-100% of consolidated net profit of Grupa Kęty S.A. during the implementation period of ‘2020 Strategy’. The Management Board will request the Supervisory Board to assess the profit distribution proposal.