The Dividend Policy of Evropeyskaya Elektrotekhnica defines the key principles of the Company as relates to payment of dividends on common stock. The policy shall ensure maximum transparency of decision making process in issues of paying out (declaring) dividends, determining the amount and the procedure of payment.

The Company’s Dividend Policy is driven by the following principles:

• when paying out (declaring) dividends, ensure compliance with the requirements of the Russian legislation, the Company’s Charter and internal documents;
• maintain the balance of short- and longterm interests of shareholders;
• support shareholder commitment to improving the Company’s profitability;
• increase the Company’s investment appeal;
• provide for an upward trend in dividend payouts, subject to growth of the Company’s net profit;
• make dividend payouts in a way most convenient for the shareholders;
• pay out dividends in the shortest possible time;
• maximize the transparency of the dividend calculation process;

According to the approved Dividend Policy, the Company allocates at least 20%The decision was taken by the Board of Directors of PJSC Evropeyskaya Elektrotekhnica (Minutes No. 8 dated September 6, 2017). of consolidated net profit under IFRS to dividends payment.