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Dividend policy

DSM’s policy is to provide a stable and preferably rising dividend to its shareholders.  

Dividend proposal on ordinary shares for 2017

With the approval of the Supervisory Board, the Managing Board is presenting to the General Meeting (to be held on Wednesday 9 May 2018) for adoption the proposal that the dividend per ordinary share to be paid for 2017 will be €1.85 (see Article 32, section 5, of the Articles of Association), an increase of €0.10 from the €1.75 paid for 2016.

An interim dividend of €0.58 per ordinary share having been paid in August 2017, the proposed final dividend thus amounts to €1.27 per ordinary share.

At the discretion of the shareholder, the final dividend will be made available in cash or in ordinary shares of DSM, with a maximum of 40% of the dividend amount available for stock dividend.

The period in which this choice can be made is from 15 May 2018 to 28 May 2018 (3.00 pm CET). To the extent the final dividend is paid out in shares, these shares will be primarily transferred out of the own shares DSM holds in stock. Should the total number of own shares not be sufficient, additional shares will be acquired. The stock dividend is paid up from the tax-exempt share premium reserve and thus free from withholding tax in the Netherlands.

A maximum of 40% of the total dividend amount is available for stock dividend. If shareholders in total wish to receive in aggregate a distribution in shares which exceeds this maximum percentage of the total dividend, those shareholders who have opted for distribution in the form of shares will receive their stock dividend on a pro rata basis, with the remainder being distributed in cash (after deducting 15% Dutch dividend withholding tax).

The value of the stock dividend, based on this VWAP, will - subject to rounding - be equal to the cash dividend. There will be no trading in stock dividend rights. The ex-dividend date will be 11 May 2018, the record date 14 May 2018 and the dividend will be payable as from 1 June 2018.

Paying agent: ABN AMRO Bank N.V., tel: +31 20 344 2000, fax: +31 20 628 8481, email.

Overview 2012 - 2017

For ordinary shares (in € ) 2017 2016 2015 2014 2013 2012
Interim dividend 0.58 0.55 0.55 0.55 0.50 0.48
Year-end dividend 1.271 1.20 1.10 1.10 1.15 1.02 
Total dividend 1.851 1.75 1.65 1.65 1.65 1.50 

For Serie A cumulative preference shares

Total dividend (x € million) 71 7 10 10 10  10

1) Proposal for adoption by the AGM on 9 May 2018

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