Dividend policy

According to the Shareholders’ Agreement, UAB Scaent Baltic and RAO Nordic Oy will cause their respective nominees in the Supervisory Council and the Board to support the distribution of no less than 70% of the relevant year net profit as dividends to shareholders. Scaent Baltic and Nordic Oy will vote their shares at the General Meeting to ensure such distribution of the net profit, unless the Board, in acting in the best interests of the Company by approving the annual investment program, decides that the Company should make investments with the relevant year’s net profit.