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Dividend policy and dividend

The Board of Directors of OmaSp has confirmed a dividend policy according to which OmaSp's goal is to pay a steady and growing dividends of at least 30% of net profit. The Company has the preparedness to pay additional dividends. The amount and timing of dividends and capital repayments to be paid depend on future results, financial position, cash flows, investment needs, solvency and other factors.

The general meeting of shareholders decides on the distribution of dividends based on a proposal by the Board of Directors

The Board of Directors of the Company evaluates the balance between the dividends or the capital to be distributed and the amount of own funds required by the company's solvency requirements and targets and, on the basis of this evaluation, makes a proposal on the amount of dividend or capital to be distributed.

Under the provisions of the Finnish Companies Act, dividends may be paid and non-restricted equity may otherwise be distributed only after the general meeting of shareholders has approved the company’s financial statements. The general meeting of shareholders decides on the distribution of dividends based on a proposal by the Board of Directors. The general meeting of shareholders may also authorize the Board of Directors to decide on the payment of dividends or other distribution of unrestricted equity. The amount of dividends or other distribution of unrestricted equity cannot exceed the amount resolved by the general meeting of shareholders. A resolution on the distribution of dividend or other unrestricted equity, or on granting of authorisation to the Board of Directors concerning such distribution, requires a majority decision at the general meeting of shareholders.