4.3.12Dividends Paid and Proposed and Share repurchase program

The Company has revised its dividend policy to include dividend payments on a semi-annual basis. The Company’s shareholder return policy is to maintain a stable annual cash return to shareholders which grows over time, with flexibility for the Company to make such cash return in the form of cash dividend, paid semi-annually, and the repurchase of shares. Determination of the annual cash return is based on the Company’s assessment of its underlying cash flow position. The Company prioritizes a stable cash distribution to shareholders and funding of growth projects, with the option to apply surplus capital towards incremental cash returns to shareholders.

As a result, following review of its liquidity position and forecast, the Company intends to pay US$2.57 per share¹ through a US$270 million (EUR227 million equivalent²) share repurchase program and a proposed US$200m in aggregate dividend³ (EUR169 million equivalent or US$1.17 per share¹). The Company proposes a US$100m dividend for the year 2025 and a US$100 million dividend in aggregate for the first half year 2026⁴.

This represents an increase in total cash return of 57% compared with 2025. The objective of the share buyback program would be to reduce share capital and provide shares for regular management and employee share programs (maximum US$30 million). Shares repurchased as part of the cash return will be cancelled.