Capathia Capital’s dividend policy in accordance with the Principles of Corporate Governance of listed companies on AeRO

The Company has adopted a dividend policy, where the dividend payout rate in relation to book value, will not be less than NBP lombard rate (currently: 2,50%). If there is no payment of a dividend in a given calendar year, the Company intends to pay twice the adopted dividend payout rate in the following year.

Furthermore, guided by vested interest of shareholders and financial situation of Company, the Management Board of Carpathia Capital S.A adopted a resolution regarding recommendation to the General Meeting of Shareholders payment of a dividend amounting to 335.714,49 PLN representing 0,09 PLN per share for 2017 year (implied divided rate equals 3.6% in relation book value). Final amount of a dividend payment depends on results of financial statements audit and requires resolution of GSM.