Dividend policy (NO)

Jotun A/S has a clear and transparent policy for dividend, a policy that is adopted as a formal resolution by the Board of Directors. Jotun’s dividend policy is as follows:

“Jotun places emphasis on stability and predictability with regards to dividends. The goal is to distribute a dividend corresponding to 30 to 50% of net profit after tax and minority interests for the Group. The proposed dividend shall take into account the Group's financial strength and financial flexibility. Over time, the Group’s target is to maintain an equity ratio of at least 50%.”