DIVIDEND POLICY

Duroc’s dividend will be adjusted to conform to its plans for nurturing value-creating investments, limited by Groups´s conservative finance policy.

The dividend policy shall be forward-looking, which means that the dividend payment decision will be based on assessment of future years rather than history. In a situation where planned capital expenditures are roughly equal to reported depreciation and amortisation according to plan, at least 50 percent of reported profit will be paid to the shareholders as dividend.

It must be emphasized, however, that Duroc intends to continue acquiring business and companies. For this reason it is possible that adherence to a conservative financial policy may curtail the amount available to be paid as dividend for an individual year.